Monday, May 16, 2011

Hope and change headache: Debt ceiling reached

Wow, about a year ago the national debt eclipsed $13 trillion. Now it's over $14 trillion. And we've reached our latest, but no doubt last, debt ceiling limit--$14.3 trillion. In response, Treasury Secretary Timothy Geithner said he will halt investments into two big federal pension plans to the government can continue to borrow Chinese yuan or whatever is being used to keep the "hope and change" machine running.

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