Thread: Economics The Debt Ceiling Approacheth
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Old 01-07-2013, 11:48 AM   #58
King_Chief_Fan King_Chief_Fan is offline
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Quote:
Originally Posted by Direckshun View Post
Now that the fiscal cliff has been turned into various cliffs over the entirety of 2013 (should be a fun year, gang...), we can turn our attention the the next one coming up.

In February, we face the sequester cliff, followed shortly by the debt ceiling.

For all intents and purposes, this thread will be used as a repository for both cliffs.

The debt ceiling, of course, has far graver consequences for both the country and the planet. Treasury adopted emergency funding measures about two weeks ago.
the fiscal cliff as approved makes the debt ceiling the worst...here is 640 billion more dollars...go pay down the debt....nope we got some new money to spend!!!
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