Bloomberg breaks down the numbers that make up the debt ceiling and looks at how many times it has been raised through the years. Here is a direct link.
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Bloomberg breaks down the numbers that make up the debt ceiling and looks at how many times it has been raised through the years. Here is a direct link.
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The entire debtceiling debate is kabuki, a dog and pony show.
I do wish they would pass a balanced budget and pay off a few trillion. The large numbers are scary. However if the national debt is 100% of national GDP isn’t that similar to an individual making $100,000/year having a mortgage of $100,000? Doesn’t seem too bad. I do understand that the debt/GDP ratio is getting larger and if interest rates rise it’ll be TILT! GAME OVER! but for now we’re doing OK. Kind of………..
Tim Geithner
http://theautomaticearth.com/Finance/tim-geithner-the-king-of-cloud-cuckoo-land.html
It doesn’t matter who raised the Debt Ceiling how many times what matters is who is doing what right now. Obama is obviously incompetent and suffering from mental illness.