Our debt ceiling is going to be over 12.4T dollars this month - New England Patriots Forums

***NEPatriot*** · 02-03-2010, 10:55 AM

Treasury Expects to Hit Debt Limit in February - ABC News

Quote:

The Treasury Department said Wednesday it expects to hit the government's debt ceiling by the end of February, putting pressure on Congress to raise the limit from its current level of $12.4 trillion.

Treasury said it is working closely with Congress to raise the ceiling. The Senate has approved legislation to increase it by $1.9 trillion to $14.3 trillion, but the House has yet to pass the measure. A ceiling that high would equal about $45,000 for every American.

We are at the point of no return. I'd not be surprised if it reachs to 20T dollars by next year.

***tanked_as_usual*** · 02-03-2010, 12:09 PM

while we're at it, throw another 1T in there to pay off all those underwater mortgages which you know is on the way

meanwhile........back at the farm, I am enjoying my bowl of rice as a gaze out of my grass hut into the forest