Wednesday, December 26, 2012

U.S. Will Hit Debt Limit on December 31, 2012


The U.S. Government will hit the $16.4 trillion federal debt limit on Monday, December 31, 2012.  Wow!  I thought the "Fiscal Cliff" was the only real crisis.  Now, the looming debt ceiling is another crisis.  I wonder how this Administration will use these two pending crises to its advantage of usurping additional power for the Executive Branch. I don't even want to think about it!

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