National Debt Ceiling Reinstated This Week

new_ceilingMonday the national debt Ceiling is back in force.  In theory this should hold government borrowing down to a staggering $18 trillion dollars.  In practice though, it is likely that accounts have been shuffled around to keep the actual borrowing level officially below the ceiling.  If this understanding is correct look out for a large increase in the national debt the moment the ceiling is raised, or re-suspended.

 

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