....self serving, busines as usual, morons.
Here is what we got from BOTH parties:
U.S. eats up most of debt limit in one day
$239 billion spike uses up 60% of funding OK’d on Tuesday
U.S. debt shot up $239 billion on Tuesday — the largest one-day bump in history — as the government flexed the new borrowing room it earned in this week’s debt-limit increase deal.
The debt subject to the statutory limit shot way past the old cap of $14.294 trillion to hit $14.532 trillion on Tuesday, according to the latest the Treasury Department figures, which are released on the next business day.
That increase puts the government already remarkably close to the new debt limit of $14.694, which means one day’s new borrowing ate up 60 percent of the $400 billion in space Congress granted the president this week.
Debt numbers go up and down regularly, depending on what the Treasury Department is redeeming or issuing on any day, but have been on a steep upward trend for the past decade as spending has ballooned and revenues have fluctuated.
For the past 2½ months, though, the number essentially was frozen as the government was poised to reach the borrowing limit set by law. The Treasury Department used extraordinary means to stall, but was about to run out of room on Tuesday.
ht...
Here is what we got from BOTH parties:
U.S. eats up most of debt limit in one day
$239 billion spike uses up 60% of funding OK’d on Tuesday
U.S. debt shot up $239 billion on Tuesday — the largest one-day bump in history — as the government flexed the new borrowing room it earned in this week’s debt-limit increase deal.
The debt subject to the statutory limit shot way past the old cap of $14.294 trillion to hit $14.532 trillion on Tuesday, according to the latest the Treasury Department figures, which are released on the next business day.
That increase puts the government already remarkably close to the new debt limit of $14.694, which means one day’s new borrowing ate up 60 percent of the $400 billion in space Congress granted the president this week.
Debt numbers go up and down regularly, depending on what the Treasury Department is redeeming or issuing on any day, but have been on a steep upward trend for the past decade as spending has ballooned and revenues have fluctuated.
For the past 2½ months, though, the number essentially was frozen as the government was poised to reach the borrowing limit set by law. The Treasury Department used extraordinary means to stall, but was about to run out of room on Tuesday.
ht...
....self serving, busines as usual, morons.
Here is what we got from BOTH parties:
U.S. eats up most of debt limit in one day
$239 billion spike uses up 60% of funding OK’d on Tuesday
U.S. debt shot up $239 billion on Tuesday — the largest one-day bump in history — as the government flexed the new borrowing room it earned in this week’s debt-limit increase deal.
The debt subject to the statutory limit shot way past the old cap of $14.294 trillion to hit $14.532 trillion on Tuesday, according to the latest the Treasury Department figures, which are released on the next business day.
That increase puts the government already remarkably close to the new debt limit of $14.694, which means one day’s new borrowing ate up 60 percent of the $400 billion in space Congress granted the president this week.
Debt numbers go up and down regularly, depending on what the Treasury Department is redeeming or issuing on any day, but have been on a steep upward trend for the past decade as spending has ballooned and revenues have fluctuated.
For the past 2½ months, though, the number essentially was frozen as the government was poised to reach the borrowing limit set by law. The Treasury Department used extraordinary means to stall, but was about to run out of room on Tuesday.
http://www.washingtontimes.co...
(more)Here is what we got from BOTH parties:
U.S. eats up most of debt limit in one day
$239 billion spike uses up 60% of funding OK’d on Tuesday
U.S. debt shot up $239 billion on Tuesday — the largest one-day bump in history — as the government flexed the new borrowing room it earned in this week’s debt-limit increase deal.
The debt subject to the statutory limit shot way past the old cap of $14.294 trillion to hit $14.532 trillion on Tuesday, according to the latest the Treasury Department figures, which are released on the next business day.
That increase puts the government already remarkably close to the new debt limit of $14.694, which means one day’s new borrowing ate up 60 percent of the $400 billion in space Congress granted the president this week.
Debt numbers go up and down regularly, depending on what the Treasury Department is redeeming or issuing on any day, but have been on a steep upward trend for the past decade as spending has ballooned and revenues have fluctuated.
For the past 2½ months, though, the number essentially was frozen as the government was poised to reach the borrowing limit set by law. The Treasury Department used extraordinary means to stall, but was about to run out of room on Tuesday.
http://www.washingtontimes.co...
(Although I do find it very funny that one ideological side was crying about being held hostage by Tea Hobbits acting like terrorists. LOL! Great Trotsky's ghost!!!!! So much for the highly touted American Marxist Van Guard Party controlling the 'small people' that represent those bitter and clinging people of middle America.)
Appoint some high school students. They'll probably do a better job for the US.
Too bad nobody could take them to the woodshed.
But using a scare tactic on the elderly was mature? What ever.
If it's any solace, I don't think there were any winners in this. The cuts were an illusion and the promise to avoid new taxes will be broken immediately after the next election - if not before. Meanwhile, spending and borrowing has reached new record highs and all the pigs are being slopped as usual.
It was all political theater. Everyone has something they can point at and like. Everyone has something they can point at to make them angry... so that they'll fork over money for the next campaign. It's disgusting to be certain - not because people stuck to their guns, but because their passion was utterly fraudulent.