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View Full Version : What happened the LAST time we hit the National Debt ceiling, in 2011?



Little-Acorn
07-31-2013, 01:22 PM
Answer: Pretty much the same thing that's happening now.

In May 2011, the TEA Party Republicans dug in their heels and refused to raise the National Debt Limit.

For a while.

(See attached thumbnail)

Little-Acorn
07-31-2013, 02:03 PM
And guess what happened to that refusal by Republicans, to raise the Debt Ceiling back in May 16, 2011 - Aug. 1, 2011?

http://www.city-data.com/forum/attachments/politics-other-controversies/115400d1375296968-what-happened-last-time-we-hit-natldebt_onemoreday2011.gif

fj1200
07-31-2013, 02:07 PM
And guess what happened to that refusal by Republicans, to raise the Debt Ceiling back in May 16, 2011 - Aug. 1, 2011?

The same thing that will happen this time because spending hasn't changed outside of the sequester.