Record $14 trillion-plus debt weighs on Congress

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Record $14 trillion-plus debt weighs on Congress

WASHINGTON – The United States just passed a dubious milestone: Government debt surged to an all-time high, topping $14 trillion — $45,300 for each and everyone in the country.

That means Congress soon will have to lift the legal debt limit to give the nearly maxed-out government an even higher credit limit or dramatically cut spending to stay within the current cap. Either way, a fight is ahead on Capitol Hill, inflamed by the passions of tea party activists and deficit hawks.

http://news.yahoo.com/s/ap/20110115/ap_on_re_us/us_debt_wars

this is so awesome, i can't wait until we raise the debt ceiling....i say we go for 28 trillion, 14 trillion sounds so last century
 
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