Wikinvest Wire

Raise the debt ceiling!

Friday, December 11, 2009

Despite some opposition that will, once gain, surely prove ineffective, the U.S. government's movable debt ceiling looks like it's about to be raised again (does it every get lowered?), this time by as much as $1.8 trillion according to this report at Politico

It makes sense for the party in power to get this dirty little business out of the way far in advance of next year's mid-term elections, lest the voting public ask why their leaders are borrowing and spending so much.

You'd think that our foreign creditors have already figured out that there's no way we'll ever be able to pay this back with money that is worth much. There have been many such indications before, but the weak demand for long-dated U.S. Treasuries seen this week may be another sign that buyers of U.S. debt are growing weary, cautious, or both.

Bookmark and Share


Dan said...

why do we even bother?

Anonymous said...

If a future crises happens, all of the current printing will make it impossible to get foreign loans to help us out. No one will trust the dollar.

Anonymous said...

Does Zimbabwe need a debt ceiling?

But it can benefit from a limit on the number of jokes thrown at them.

I am collecting Zimbabwe jokes for recycling in America.

Randeg said...

What is the alternative to raising the debt ceiling but get us deeper into the financial mess we are in? I can't really find a way out of this except to spend money to prop up the economy. At least now the steep market recovery, starting March 9, continued on to the third quarter. Had they not raised the debt ceiling, the market will not be where it is today.

Evelyn Guzman (If you want to visit, just click but if it doesn’t work, copy and paste it onto your browser.)

Anonymous said...

To infinity and beyond

Dorothy said...

Dear Site Owner,

I would like to say that your blog is well-written and it contains lots of useful and up-to-date information. We really got interested in your web resource and we would like to cooperate with you. My websites are devoted on various financial themes and the have got amazing traffic and Google Values.

My sites contains loads of useful financial information presented in news and articles that highlight the most much-talked-of issues such as credit cards, debt solutions, financial crisis, ways out of it, and many more. We believe this information can awake interest in your readers and can help you gain more and more traffics well. We would like to do some link exchange with your sites. If you agree then please let me know as per your convenience:

We thank in you in advance for your cooperation.

Best regards,

Dorothy Parker

  © Blogger template Newspaper by 2008

Back to TOP