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.
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