Little-Acorn
10-17-2013, 06:42 PM
See below for a chart of the National Debt for the last year and a half or so. It has risen fast all that time, until something extraordinary happened last April: Sequestration, followed by hitting the Debt Ceiling.
Sine then, the govt has been draining various trust fund they hold, in hopes the Republicans would cave and let them start borrowing again, and quietly repay what they had removed from the trust funds before anyone finds out.
Right on schedule, the Republicans caved. And as you can see from the chart, the govt is about $700 billion short of where they would have been, if borrowing had gone on at the rate it had for the previous year.
Last time this happened, in 2011, the big-govt advocates borrowed it ALL in one day. Just one.
If they do that again, they'll have to borrow around $700 billion, to catch up to where they would be without the debt ceiling.
Will they?
http://www.city-data.com/forum/attachments/politics-other-controversies/119589d1382052807-now-big-govt-advocates-can-borrow-natldebt01may2012-17oct2013.gif
Sine then, the govt has been draining various trust fund they hold, in hopes the Republicans would cave and let them start borrowing again, and quietly repay what they had removed from the trust funds before anyone finds out.
Right on schedule, the Republicans caved. And as you can see from the chart, the govt is about $700 billion short of where they would have been, if borrowing had gone on at the rate it had for the previous year.
Last time this happened, in 2011, the big-govt advocates borrowed it ALL in one day. Just one.
If they do that again, they'll have to borrow around $700 billion, to catch up to where they would be without the debt ceiling.
Will they?
http://www.city-data.com/forum/attachments/politics-other-controversies/119589d1382052807-now-big-govt-advocates-can-borrow-natldebt01may2012-17oct2013.gif