Obama Will Ask for $1.2 Trillion Increase in Debt Limit by Week’s End

Meanwhile U.S. rating agencies are downgrading European countries for maximizing austerity...

Our government is completely out of control.

Vote Ron Paul!

When the pasted the increase back in Aug it also came with them able to increase it 2 more times.

But really omg another Trillion what happened to the last 2 Trillion its only been a few months.

With this jerk in power we are surely going to fail an the fall will be painful.

this value is starting to be small change

the cheeky monkey will have that spent and soften every one for the next injection

inflation cant be too far away withall the promises madeto savethe present bank sys and way of life

Well, that ought to get him through February. What then, Barry?

I think inflation is already here. And he has one more increase I'm sure before he's out of office. Hopefully we won't be to far gone to fix.
I feel sorry for the one who gets handed this mess. We all need to help out. Surely scared also for the one like Ron Paul that will stand by the constitution Many will want to take him out.

when does the credit card get canceled ?


Its already happening as BRIC's are starting to kick the dollar to the curb as the bond vigilantes are too scared to do anything

I also saw an article that said congress's pay has increased threefold in the last 25 years while most of the populations has decreased. Looks like the pyramid scam is working for those who set it up, but it seems like the gap between rich and poor is getting too great, and the debt we owe is growing ever higher. If the rich keep getting richer, and the poor poorer, who is going to ever pay this debt off??? While our leaders are eating it all up and spending their holidays in exotic places, living much more lavishly than the average American- and yet not even truly working for their money!!!- there remains a huge debt that no one wants to pay, a debt that keeps rising because our leaders are getting too rich by this pyramid scheme to do anything about it. Who will be the one that has the guts to face reality and stop this train of madness?

Cool.

It's above 15 trillion already...

that idiot needs to cut 60% of gov workers.....

a year ago we wondered and pittied the mob that won
but nothing really changed

i deeply suspect all will end more or less in one day and its all about financimg debt nothi.g more

There's a term for that you know

going to bail out the euro banksters

impeach the britsh kenyan asshole

so barry is gona ask for a tad more cash on the debt limit

why not come clean and just ask for five trillion just to see the year out or at best terms of office