No, this wasn't what Barry O promised last night in his self congratulatory bs fest. That's what the new debt ceiling passed by the Senate today amounts to. The debt ceiling was raised another $1.9 trillion today. With the new debt ceiling at $14.3 trillion that amounts to each man, woman, and child living in America owing $47,650.
For perspective to those who want to believe that the current situation is akin to past hiccups in American history, the debt ceiling 10 years ago was $5.9 trillion.
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