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Deja Vu All Over Again; Total US Debt Passes Debt Ceiling... In Under One Month Since Extension
Topic Started: Sep 3 2011, 01:42 PM (197 Views)
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Remember when one month ago the US, to much pomp and circumstance, not to mention one downgrade, announced a grand bargain raising the debt ceiling from $14.294 trillion to something much higher, with a stop gap intermediate ceiling of $14.694 trillion, or $400 billion more.?

Well, as of today, or less than a month since the expansion, total US debt is at $14.697 trillion.

Yep - the total debt is again over the ceiling, which means the US debt increased by $400 billion in one month.

Score one for fiscal prudence. And while the total debt subject to the limit is still slightly less, at $14.652, one week of Treasury auctions and will be time for Moody's to justify again why the US is a quadruple A credit.

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http://www.zerohedge.com/news/deja-vu-all-over-again-total-us-debt-passes-debt-ceiling-under-one-month-extension


Unbelievable before the "Super Committee" has even sat down to their first meeting! After of course a small brunch. Nothing will be done, just like Nothing was down with Simpson-Boles Hearings.

Meanwhile Obama is at Camp David relaxing from his 9 days of playing golf & eating cream at Martha's Vineyard
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I would love to hear Michelle Obama's honest thoughts on the debt and where it is going.

The administration has been stacked to enact Wealth Redistribution, fan the phony flames of Global Warming caused by the U.S., engage and inflame white guilt, and expand Government.

What have they done that does not fit nicely into the aforementioned groups?

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