Debt Ceiling Circus Looms Ahead, Again

by Jacob G. Hornberger
Oct. 01, 2015

The recurring debt-ceiling circus is approaching, once again. The maximum amount of debt that the federal government is permitted to incur is about to be reached … again. That means that the federal government will not be permitted to incur any more debt … unless Congress raises the debt ceiling again, thereby permitting the federal government to continue its never-ending spending and borrowing spree.

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