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To: kabar

Some time that it was going to hit Jan1?


4 posted on 12/26/2012 9:40:35 PM PST by DManA
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To: DManA
Yep. You can go to this site and see how the debt has been accumulating day by day. It was $15,226,217,488,652.33 on January 3,2012. As of December 24, 2012 it was $16,337,556,561,533.65.

We have known for some time that we are accumulating debt at over $1 trillion annually since Obama took office. It should come as no surprise that we are hitting the debt limit again after the deal almost two years ago. From press reports:

If approved by Congress, the deal will increase the nation's debt ceiling by at least $2.1 trillion overall while cutting about that much in government spending over the next 10 years, Obama and congressional leaders said. The debt ceiling would not need to be raised again until 2013.

9 posted on 12/26/2012 10:09:09 PM PST by kabar
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