Wednesday, October 16, 2013

US Debt Ceiling, More Like US Debt Elevator

The more I see of the US government, the more I believe that they don't care at all about debt (especially the liberal faction).  It also shows that their view of what the federal government should be is way out of whack. 

Does the US government know what a ceiling is?  Their actions would lead me to believe that either the answer is "no" or more likely - they don't care at all.  A ceiling is supposed to operate as a hard cap, not as something to keep increasing over and over and over again. 

According to a Wikipedia article, in the 20th century, the debt ceiling was raised over 90 times.  Doesn't really seem like a ceiling, does it?  This will be the 8th time (and not likely the last) under Obama that the debt ceiling will be raised. 

Since September 1976, the debt ceiling has gone from around $682 billion to $16.7 trillion (soon to be more).  The debt ceiling has increased over $4 trillion under Obama alone. 

Let's show this in very large numbers (incomprehensible to many). it takes a lot to get those extra zeroes. 

* September 1976: $682,000,000,000

* Current: $16,700,000,000,000


Something really needs to be done to roll back the debt, but the US doesn't care.  Maybe it's time the government started. 

No comments:

Post a Comment