America now over $14 trillion in debt

For the first time ever, the US national debt has topped $14 trillion, officially passing the threshold on the last day of 2010.

In a mere seven moths the debt jumped from $13 trillion to $14 trillion, which means the debt is approaching the ceiling of $14.294 trillion set by Congress and President Barack Obama this past February.

This means the US will either have to raise the ceiling, make sever spending cuts and/or default on its financial obligations. Over the past three years that ceiling has been raised six times.

rt.com...

and people are going nuts over dead birds.

eatthesheep.blogspot.com...

The ceiling will be raised again, and they'll spin it to make that a good thing.

And the American people will completely swallow it.
And we'll STILL have members of this forum coming on here truly believing that "everything is fine"

All I can say is 'Wow'

Look at the world, just look at it.

Massive, massive, massive debts.

Where the hell did all these crippling debts come from and to who are these bloody debts owed ?????

Everything is fine.

The emperor's clothes are beautiful and Rome is not burning. That is just Bernanke starting a small bonfire with US dollars. The soon to be known replacement for the Weimar analogy.

Instead of pointing out Weimar and Zimbabwe, it will be the US dollar and Zimbabwe.

Got gold?

Ah not a good time to ask for a loan then. I will try another country.