national debt

We borrow $58,000 a sec! That is crazy. https://www.usdebtclock.org/#

They said s*** about defaulting on our debt for the first time EVER. HOly s***! What would be the consequences?

We've had a debt ceiling for like 90 years and it never stopped anyone from spending or cutting taxes.

The end of Western Civilization...

Good Ol' Times...

In terms of the debt ceiling, does the world (or any particuklar universe) have a ceiling!?

Let's just borrow into the quadrillions of $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ now and make even more debt-based money out of nothing while, of course, "promissing" to pay it back later, or much, much, much, much...later!!!

I have a debt ceiling. Why shouldn't the government?

Maybe because you live in a house with a ceiling!?

It'd be nice if the debt ceiling actually meant anything. Currently the government can (fairly) easily raise the debt ceiling whenever they want.

Yes, but they still need a vote...

It's like late 2008 when both parties got together to hash out a trillion dollar bank bailout. Nobody wants to be the one to claim that the economy blew up while in power.

The debt ceiling will be raised as always. Election year is just around the corner.

JPMorgan CEO warns of consequences!

https://www.bizjournals.com/phoenix/news/2011/05/20/jpmorgan-ceo-warns-of-consequences.html

Here we have a president who borrows money from foreign countries, to give away to foreign countries. And people love the silly ass.

How has Obama done it any different from previous Presidents? And by give away do you refer to foreign aid?

I don't recall any other president borrowing money from China, a potential enemy. By give away I mean however it goes out but never comes back, as in foreign aid or forgiving loans.