August 2, 2011, Obama signed the law allowing the federal debt ceiling be raised from $14.3 trillion dollars to $16.7 trillion dollars.
This is less than a month later, August 30, 2011, and the debt is increasing so fast you can’t even write it down.
Won’t be long before it reaches $16 trillion and they will want to raise it again. That’s guaranteed.
Posted: 08.30.11 @ 2:01 p.m.
I agree. The debt ceiling will just keep being raised. We are just going to keep spending and raising the debt ceiling. We must control our spending. We are headed right for the debt wall.
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