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National Debt Tops $14 Trillion
The latest posting today of the National Debt shows it has topped $14 trillion for the first time.
The U.S. Treasury website today reported that as of last Friday, the last day of 2010, the National Debt stood at $14,025,215,218,708.52.
It took just 7 months for the National Debt to increase from $13 trillion on June 1, 2010 to $14 trillion on Dec. 31. It also means the debt is fast approaching the statutory ceiling $14.294 trillion set by Congress and signed into law by President Obama last February.
The federal government would have to stop borrowing and might even default on its obligations if Congress fails to increase the Debt Ceiling before the limit is reached.
http://www.cbsnews.com/8301-503544_162-20027090-503544.html
the dems and obama are doing a great job....keep spending, keep raising the debt ceiling....and keep bitching about how bush raised debt
yawn
cut the spending....the law doesn't allow individuals or corporations to force creditors to raise their debt limit so they stave off bankruptcy or gasp, spending cuts....
The latest posting today of the National Debt shows it has topped $14 trillion for the first time.
The U.S. Treasury website today reported that as of last Friday, the last day of 2010, the National Debt stood at $14,025,215,218,708.52.
It took just 7 months for the National Debt to increase from $13 trillion on June 1, 2010 to $14 trillion on Dec. 31. It also means the debt is fast approaching the statutory ceiling $14.294 trillion set by Congress and signed into law by President Obama last February.
The federal government would have to stop borrowing and might even default on its obligations if Congress fails to increase the Debt Ceiling before the limit is reached.
http://www.cbsnews.com/8301-503544_162-20027090-503544.html
the dems and obama are doing a great job....keep spending, keep raising the debt ceiling....and keep bitching about how bush raised debt
yawn
cut the spending....the law doesn't allow individuals or corporations to force creditors to raise their debt limit so they stave off bankruptcy or gasp, spending cuts....