Tag Archives: budget deal

The 20 Trillion Dollar Man! Debt Ceiling Increase or Debt Limit Suspension?

Yes, President Obama will forever be known for doubling the public debt and so will Congress. The current Budget Deal may seem like, as the President says, “…how Congress should work” however, the truth is far more devastating.

Yes indeed, the current Budget Deal provides Federal Funding and it does so by eviscerating the Debt Ceiling mandate providing the U.S. Treasury unlimited borrowing capacity thru March of 2017. Considering the planned spending increases of nearly $160 Billion, not including Off-Book spending ventures and projected Budget Shortfalls, the simple math indicates debt increases for the advancing spending term to be in the 1.5-1.7 Trillion dollar range.

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