[Admin Moderator]

Get used to it. As the economy grows and the dollar continues to lose worth due to inflation, an increase in the debt ceiling is an annual event.

The only measure that matters in a real sense is the debt to GDP ratio, not the dollar amount.

[Uncle Vlad]

Can you say, "Weimar Republic?"

The Federal government can.

[CGTRWK]

            
        Debt (trillion)  GDP (trillion)  Ratio
2000    5.67             9.82            0.58 
2001    5.81             10.13           0.57
2002    6.23             10.47           0.60
2003    6.78             10.97           0.62
2004    7.38             11.73           0.63
2005    7.93             12.44?          0.64

Nothing encouraging here.

[Glenn]

The only measure that matters in a real sense is the debt to GDP ratio, not the dollar amount.

Amazing point of view.