US National Debt Ceiling.
April 14, 2011 at 8:16 am
(This post was last modified: April 14, 2011 at 8:17 am by ib.me.ub.)
There has been a bit of news down here latley about the US National Debt Ceiling, and its pending arrival next month. The current debt ceiling is 14.3 trillion dollars.
So apparently the US Congress has two options;
1. Default.
2. Raise the National Debt Ceiling.
Obviously, they will raise the ceiling, as option 1. may not fare well for the US.
My question is, how high can the debt ceiling possibly go before the debt collectors decide to cash in?
So apparently the US Congress has two options;
1. Default.
2. Raise the National Debt Ceiling.
Obviously, they will raise the ceiling, as option 1. may not fare well for the US.
My question is, how high can the debt ceiling possibly go before the debt collectors decide to cash in?
