Friday, July 29, 2011

Debt Ceiling Raised to $16.994 Trillion in Latest Boehner Bill

A $2.7 trillion increase. I wonder how long it will really take to hit this new ceiling. Interest rates will soon skyrocket, which will result in skyrocketing funding requirements for the Treasury.


  1. We dodged a bullet there, didn't we

  2. We dodged a bullet by jumping into a fire, maybe.

    You know, at some point in time this debt has to start going down, not up. When will this be, I wonder? Will it go any more smoothly than this latest debacle?