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I was reading some and found this one: http://www.cbsnews.com/stories/2004/...in656797.shtml
Now im wondering how close to the 'new limit' we will get before they extend it?
When we get a new leader of this great country, I think there are things said like, 'don't worry Mr. President, it always goes up.' It very well might be an inside joke even.. All I know is I don't have my $27k to help out..
America's hole of debt is a very scary thing. If it continues, how can fail to swallow the world economy? Borrowed wealth is an oxymoron.
What happens when things run on false money? Think tech bubble, think Enron, etc, etc. Its disasterous.Quote:
The new federal borrowing cap is $8.18 trillion; that's 70 percent the size of the entire U.S. economy, and more than $2.4 trillion higher than the debt Mr. Bush inherited upon taking office in 2001. -- from above --
i know for a fact there isn't that many bills out there in the US. Most money now is electonic anyways, so who is to day where to put the decimal?