Yup, we were near the debt ceiling when the whole country went ahead and shut down. We were just 25 million dollars short of the debt limit from May 17th until yesterday. The treasury borrowed almost $400 B from other sources from May until now while Treasury secretary Jack Lew used “extraordinary measures” to ensure we didn’t go past the debt limit. Well the debt went up a record $283 Billion dollars yesterday when all those limits were lifted on the debt ceiling and we went ahead and paid back a lot of that money. The U.S. Debt now sits at $17.05 Trillion dollars or 17,050,000,000,000. Yeah.
But, that isn’t even the half of it. The debt ceiling wasn’t just raised a finite amount by our masters in Washington. No instead they set a debt deadline. Yes, a debt deadline of February. That means the debt will continue to rise with as much spending as we can throw at it in the next three or four months. Let us thank the big people who know way better than the average American. Our masters have done what they needed to, ensuring that our crippling, economy crushing debt will continue to build and every damn pet project of anyone in Washington can be funded in perpetuity.
Thanks to the douche bags in Washington for making all this possible. Maybe if we’re lucky we can hit $18 Trillion before the year ends.
- Surprise! Debt-ceiling deal gives Obama a blank check: Loophole will allow government to spend WITHOUT LIMIT until February (engineeringevil.com)
- U.S. debt tops $17 trillion for first time (commercehall.wordpress.com)
- U.S. debt jumps $300 billion – tops $17 trillion for first time (washingtontimes.com)