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!
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| 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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