Congratulations, my fellow Americans!
Already, the U.S. national debt has exceeded our Gross Domestic Product.
Now, your splendiferous elected Democratic representatives in the United States Senate just voted to raise America’s debt ceiling to $16.4 trillion!
Yesterday, in a simple 52 vote majority all of it along party lines, the Senate failed to reject a bid to stop the debt ceiling hike. This means America now has $16.4 trillion in debt capacity as of this morning, January 27, 2012.
Writing for ZeroHedge, Tyler Durden notes that:
“since roughly $100 billion was plundered from Pension Funds in the past month, we will have about $15.4 trillion in debt by next Monday…. The question then is how long will the $1 trillion in debt capacity last: at $125 billion/month it won’t be enough to carry the US past the election without another massive debt ceiling spectacle.”
Way to go, Demorats! Bankrupt Greece and the Eurozone, here we come! Wheeeeee!!!!!!!!!!!!!!!!