The Real Debt Ceiling

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The credit of the United States hangs by a thread.

Congress raises debt ceiling to $12.4 trillion – AP

The Senate voted Thursday to raise the ceiling on the government debt to $12.4 trillion, a massive increase over the current limit and a political problem that President Barack Obama has promised to address next year. The Senate’s rare Christmas Eve vote, 60-39, follows House passage last week and raises the debt ceiling by $290 […]

Fiddling While Treasury Burns – by Vasko Kohlmayer

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The Democrats’ latest spending outrage.