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There Is No Debt Ceiling Now
10-17-2013, 10:39 PM #1
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
The fiscal deal passed by Congress on Wednesday evening to re-open the government and get around the $16.4 trillion limit on borrowing doesn’t actually increase the debt limit. It just temporarily suspends enforcement of it.

That means Americans have no idea how much debt their government is going to rack up between now and February 7, when the limits are supposed to go back into place and will have to be raised.

There is no dollar amount set for how much debt the government can accumulate between now and then. The suspension strategy was employed first earlier this year during previous fiscal battles in Congress.

http://dailycaller.com/2013/10/17/theres...z2i0TRHJUh

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10-17-2013, 10:47 PM #2
Octo Mother Superior
Posts:42,578 Threads:1,469 Joined:Feb 2011
İmage
Anonymous Kritter Show this Post
10-17-2013, 10:53 PM #3
Anonymous Kritter Incognito Anonymous
 
Let them run with a blank check, good idea.
10-17-2013, 10:56 PM #4
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,265 Threads:1,438 Joined:Feb 2011
(10-17-2013, 10:53 PM)Anonymous Kritter Wrote:  Let them run with a blank check, good idea.

Yeah, borrowing our way to prosperity has worked so wonderfully over the last five years, no reason to stop now! yay.gif

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10-17-2013, 10:58 PM #5
Octo Mother Superior
Posts:42,578 Threads:1,469 Joined:Feb 2011
Indeed! Let's party like there's no tomorrow. After all there might not be one... damned.gif


İmage

party0003.gif

But please sweet Lesus let it happen when we get back from Amsterdam. Pretty please?
10-17-2013, 11:07 PM #6
KILLUMINATI Made Ya Look!!
Posts:4,764 Threads:1,046 Joined:Jun 2012
(10-17-2013, 10:56 PM)JayRodney Wrote:  
(10-17-2013, 10:53 PM)Anonymous Kritter Wrote:  Let them run with a blank check, good idea.

Yeah, borrowing our way to prosperity has worked so wonderfully over the last five years, no reason to stop now! yay.gif

With fiat currency what does it matter?? 13.gif
10-17-2013, 11:12 PM #7
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,265 Threads:1,438 Joined:Feb 2011
(10-17-2013, 11:07 PM)CuckooKill Wrote:  
(10-17-2013, 10:56 PM)JayRodney Wrote:  
(10-17-2013, 10:53 PM)Anonymous Kritter Wrote:  Let them run with a blank check, good idea.

Yeah, borrowing our way to prosperity has worked so wonderfully over the last five years, no reason to stop now! yay.gif

With fiat currency what does it matter?? 13.gif

Wait till China kicks the gold backed stuff in, and knocks the dollar and euro dead. It will matter then.
Fiat always fails. Always.

wonder.gif
10-17-2013, 11:19 PM #8
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(10-17-2013, 11:07 PM)CuckooKill Wrote:  With fiat currency what does it matter?? 13.gif

It doesn't if you're the one with the printing press. But when all your life's work has been swapped for it, it might matter. If!!! coffeetime.gif you were dumbed down enough to put all your savings and wealth into fiat.
10-17-2013, 11:22 PM #9
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,265 Threads:1,438 Joined:Feb 2011
I put my savings into bleach, ball bearings and cat litter.

wonder.gif
10-17-2013, 11:31 PM #10
Octo Mother Superior
Posts:42,578 Threads:1,469 Joined:Feb 2011
I invested in Tepco yesterday

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10-17-2013, 11:47 PM #11
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
chuckle.gif

I bought SLV from the ETF!

İmage
10-18-2013, 12:28 AM #12
KILLUMINATI Made Ya Look!!
Posts:4,764 Threads:1,046 Joined:Jun 2012
(10-17-2013, 11:19 PM)Shadow Wrote:  
(10-17-2013, 11:07 PM)CuckooKill Wrote:  With fiat currency what does it matter?? 13.gif

It doesn't if you're the one with the printing press. But when all your life's work has been swapped for it, it might matter. If!!! coffeetime.gif you were dumbed down enough to put all your savings and wealth into fiat.

iagree.gif
Yeah that was my point.

What difference does it make to them is what I should have said
10-18-2013, 01:31 AM #13
UniqueStranger Art in my heart
Posts:14,881 Threads:420 Joined:Jun 2012
Quote:The estimated population of the United States is 316,864,869
so each citizen's share of this debt is $52,859.08.

http://www.brillig.com/debt_clock/

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10-18-2013, 01:45 AM #14
Octo Mother Superior
Posts:42,578 Threads:1,469 Joined:Feb 2011
10-18-2013, 02:07 AM #15
UniqueStranger Art in my heart
Posts:14,881 Threads:420 Joined:Jun 2012
(10-18-2013, 01:45 AM)Octo Wrote:  http://www.economist.com/content/global_debt_clock

Wow Octo, what's going on with Finland...that's a lot of debt per person when taking the total population into consideration.



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