Debt Ceiling 2013 - shocking chart of the Debt Ceiling 2013

Debt Ceiling 2013

Just so you know.... The current debt ceiling level for 2013 is exactly  16,699,421,000,000

Just so you know..... I did not make up those numbers, they are exact if you do some due diligence.

Here is the debt ceiling chart since 1997..... WOW!

debt ceiling 2013

My goodness! As you can see the total debt subject to the limit as a means of limiting govt debt it just doesn't work at all. What a mess!

This has been going on in one form or another since 1917 and even back then it did not work and never has worked. So I guess they will raise the debt limit again, this year and then have another crisis next year in 2014 also.


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Debt Ceiling Crisis - The devil debt ceiling Crisis

Debt Ceiling Crisis - The devil debt ceiling Crisis

You have to hand it to the US government. They are certainly innovators when it comes to the US economy. LOL. Just as you think they have run out of crisis' up pops the debt ceiling again whcih could see the Obama administration run out of money again by OCT 17th next month.

To be precise no president in the history of the US has been in this position where they can no longer borrow, and he is in uncharted territory here.

Investors are certainly feeling the pinch recently, as the DOW JONES hit a nice resistance point and has sold off all this week.

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