tangent4ronpaul
01-21-2011, 10:54 AM
http://www.lasvegassun.com/news/2011/jan/21/nations-debt-tops-14-trillion-ceiling-nearly-reach/
As nation’s debt tops $14 trillion, ceiling nearly reached
Warning, warning...we’re headed for a crash.
There’s serious money talk circulating around Washington this week, as lawmakers launch in on what is likely to be a two-year plan to overhaul the country’s contorted tax framework, try to work out how to eke out a more favorable trading partnership with China, and bicker over how many hundreds of billions of dollars a repeal of the standing health care law is likely to add to the deficit.
Oh yeah, about that. We’re about to hit our debt ceiling.
On Wednesday, the country’s debt topped $14 trillion. It’s not only the first time that’s happened, it also puts us perilously close — only $300 billion away — from the $14.294 trillion debt ceiling, the legal cap on how much the U.S. can borrow from other countries.
As nation’s debt tops $14 trillion, ceiling nearly reached
Warning, warning...we’re headed for a crash.
There’s serious money talk circulating around Washington this week, as lawmakers launch in on what is likely to be a two-year plan to overhaul the country’s contorted tax framework, try to work out how to eke out a more favorable trading partnership with China, and bicker over how many hundreds of billions of dollars a repeal of the standing health care law is likely to add to the deficit.
Oh yeah, about that. We’re about to hit our debt ceiling.
On Wednesday, the country’s debt topped $14 trillion. It’s not only the first time that’s happened, it also puts us perilously close — only $300 billion away — from the $14.294 trillion debt ceiling, the legal cap on how much the U.S. can borrow from other countries.