[quote=KugsCheese]Nationaldebt just tweeted "NationalDebt: $14,694,862,366,160.97 (+) #nationaldebt" so the US is over the new debt limit again. Did anyone notice this?
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I posted about this in Daily Digest 8/3…
Deja Vu All Over Again: Total US Debt Passes Debt Ceiling… In Under One Month Since Extension Tyler Durden 09/02/2011 Remember when one month ago the US, to much pomp and circumstance, not to mention one downgrade, announced a grand bargain raising the debt ceiling from $14.294 trillion to something much higher, with a stop gap intermediate ceiling of $14.694 trillion, or $400 billion more. Well, as of today, or less than a month since the expansion, total US debt is at $14.697 trillion. Yep - the total debt is again over the ceiling, which means the US debt increased by $400 billion in one month. Score one for fiscal prudence. And while the total debt subject to the limit is still slightly less, at $14.652, one week of Treasury auctions and will be time for Moody’s to justify again why the US is a quadruple A credit. http://fms.treas.gov/dts/index.html