It is Time for Another Debt Ceiling Debate. Hopefully.
The damage was done last year when Congress voted to spend even more money that we didn’t have. The result is that the US debt is now greater than the US Gross Domestic Product. A Little History In August of 2011 Congress authorized a debt ceiling increase of between $2.1 and $2.4 trillion. The increase was to happen in up to three steps, and as | Read More »