Debt Ceiling Warning! Not Another Dime!

[dellinger63]

Someone tell Washington we're getting close again. I think they need some help this time.

Not too long ago, September 22 to be exact, after much pleading and dealing the Debt Limit was raised by 500 billion to $15.194 trillion from $14.694 trillion, which it had reached. With promises and dreams of cuts a bi-partisan Super Committee was formed, resulting in broken promises and bad dreams. As of December 5, three days ago, the debt was $15.025 trillion, $331 billion of the $500 billion gone. 62% of the total amount that was raised. Dividing by the 74 days it took to spend, gives a $4.53 billion dollar a day pace. With $169 billion to go we have 37 well three days have passed so 34 days to go January 11, before we repeat the whole act again.

There is hope though as the rate of rise in the debt has slowed down considerably. Within the first 25 days the debt rose $200 billion and we were on a $8 billion/day pace so maybe the horse is being pulled up and will be turned around to head back. However the time has come to see if the horse will jump the fence. If she doesn’t we finally have some control.

Do Not Raise the Debt Ceiling Another Dime.

Tis the only way Washington will ever turn around.

http://www.treasurydirect.gov/govt/c...harts_debt.htm