Out of Control Policy Blog

Washington Nears Debt Limit

From the Associated Press today:

Total public debt subject to limit Jan. 22:  $12,245,872,000,000
Statutory debt limit:  $12,394,000,000,000

That means we are $148 billion from crossing the debt limit.

That's over $40,000 per American.

That is deplorable.

What will the New Era of Fiscal Responsibility bring us tomorrow?

Anthony Randazzo is Director of Economic Research

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