Federal Debt Ceiling Reached asFederal Spending Rages | WHAT REALLY HAPPENED

Federal Debt Ceiling Reached asFederal Spending Rages

The federal government will soon run up against its self-imposed borrowing cap once again.

Current estimates are for the government to max out its credit limit at a little over $22 trillion in early September. Congress goes on recess in August, so there is some pressure to address the cap right now.

Webmaster's Commentary: 

And the politicians will pose and posture and act like they are concerned .... then raise the cap again.

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