Debt Ceiling Drama Is Back: Two Days Until US Borrowing Capacity Is Exhausted

“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.”
– Barack Obama

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Debt Ceiling Drama Is Back: Two Days Until US Borrowing Capacity Is Exhausted (ZeroHedge, March 13, 2015):

And so, a little over a year after the last debt ceiling melodrama, in which the US kicked the can on its maximum borrowing capacity to this Sunday, March 15, in the meantime raking up total US public debt to $18.149 trillion the soap opera with the self-imposed borrowing ceiling on America’s “credit card” is back, and the US is once again faced with sad reality of its debt ceiling (now at well over 100% of America’s upward revised GDP of $17.7 trillion). The reason: two days from today Congress’s temporary suspension of the debt ceiling, which was approved in February 2014, ends.

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7 thoughts on “Debt Ceiling Drama Is Back: Two Days Until US Borrowing Capacity Is Exhausted

  1. 6.5 Trillion is an inaccurate number, based on http://www.treasurydirect.gov/NP/debt/search
    Obama & Democrats who controlled both house & senate since 2006, has added 7.527 trillion. By the time 2016 ends Obama would have doubled the Debt to over 20 Trillion. Seems based on articles I have read that they either understate total debt (listing it at 17 trillion)by a Trillion or so, or understate how much debt has accumulated since 1/2009 check it out. Debt when Obama took office 10,626,877,048,913.08 debt as of 03/13/15 18,153,816,304,576.28

  2. How come no one remembers that the U.S. government ELIMINATED the ‘debt ceiling’ last year?! Why isn’t the media reminding everyone of this? Why won’t the American people wake up?

  3. YOU KNOW I HEAR PEOPLE worrying about their money all the time,WHEN the shit hits the fan,YOUR MONEY WILL BE WORTHLESS,the new money will be AMMO and medical supplies…..AMERICA will lose this WAR,and only groups and families of groups will survive,IF your not getting ready,YOU WILL DIE as sure as the sun sets and rises,THE LORD told LUKE,if your to poor to BUY a WEAPON,SELL YOUR COAT and get one,your going to need it,I know most of you won’t see this coming TILL ITS WAY TO LATE,or you can listen and be GETTING READY…….RED DAWN…..is coming………….

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