Home > Uncategorized > Whats in your wallet?

Whats in your wallet?

Check out how our government is doing. This is just not a matter of will the economy fail, it’s a matter of when. Taking a page out of the Visa card book, the government just ups their own credit limit.

By TOM RAUM, Associated Press Tom Raum, Associated Press Sat Jan 15, 6:15 pm ET

WASHINGTON – The United States just passed a dubious milestone: Government debt surged to an all-time high, topping $14 trillion — $45,300 for each and everyone in the country.

That means Congress soon will have to lift the legal debt limit to give the nearly maxed-out government an even higher credit limit or dramatically cut spending to stay within the current cap. Either way, a fight is ahead on Capitol Hill, inflamed by the passions of tea party activists and deficit hawksRead more

  1. January 16, 2011 at 8:48 am

    Makes me want to throw up. This stuff can really piss a person off Spike.

  2. Spike
    January 16, 2011 at 9:01 am

    Government sure does a good job demonstrating financial responsibility, doesn’t it Otter?

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