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The Debt Ceiling Is The Real Fiscal Cliff

Thursday, November 29, 2012 9:51

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Neither the Democrats or Republicans will touch the subject. The Debt Ceiling.

The government should hit its $16.394 trillion debt limit during the final week of December, according to the center. The Treasury Department can, as it did in 2011, turn to a number of extraordinary measures to avoid defaulting on the debt it has already issued. The juggling act by Treasury is likely to run out, however, somewhere around mid-February.

http://www.bradenton.com/2012/11/29/4296937/here-we-go-again-government-weeks.html

Last year, when the debt ceiling was raised, Standard and Poor downgraded US Debt (bonds).

Now, there is a threat for more downgrades if the debt ceiling is raised again….

Not one word about it in the MSM though.

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