Book of the Month

DF's picture

Fake US Debt Ceiling Unceremoniously Raised Again

WASHINGTON — The Senate voted on Thursday to allow a further increase in the federal debt limit, permitting President Obama to borrow $1.2 trillion more to operate a government that spent about 55 percent more than it collected in revenue last year.

[Hey, remember when raising the debt ceiling suddenly became, on the margin, the equivalent of Armageddon last year?  Yeah, me neither.]

Read the full article at http://www.nytimes.com/2012/01/27/us/politics/senate-approves-1-2-trillion-debt-limit-rise.html?_r=1

Latest Comments