Saturday, October 19, 2013

U.S. Debt Levels Surge After GOP Caves to Democrat Budget Deal

At the Wall Street Journal, "U.S. Debt Jumps to $17.076 Trillion":
Well, that didn’t take long. Congress’s deal to suspend the government’s borrowing limit on Wednesday night led to a sharp spike in total U.S. debt on Thursday. This is largely because the Treasury Department had been using emergency steps to prevent the debt from increasing since mid-May. Total government debt had hovered at close to $16.7 trillion for around five months.
Actually, right now we don't even have a debt ceiling. Things can just keep spiraling out of control.

More at iOWNTHEWORLD, "U.S. debt jumps a record $328 billion — tops $17 trillion for first time."