The Debt Ceiling – The Problem and the Solution

The debt ceiling is the maximum amount of money the US Government can borrow. Let's go through the current debate about raising the debt ceiling and get to a simple solution.... First, here is how much we've spent over the past several years: 2008 - $2.9 Trillion 2009 - $3.1 Trillion 2010 - $3.55 Trillion 2011 - $3.83 Trillion (Here are the details.) In 2008, … [Read more...]