While we were worrying about the gun debate, Congress pulls a fast one.
On January 31, Congress 'temporarily' suspends the debt ceiling, as we head for another year of trillion dollar plus deficit. This whole gun debate is just another distraction, like another Superbowl -- it's really about the commercials, so good their previewed before the Superbowl. The government message is don't worry about the debt. We've heard it before.
Analysts forecast that the decision to temporarily suspend the national debt limit would prompt the government to run up another $450 billion in debt over the next four months, according to The Washington Post report.
Remember this in 2003? $87,000,000,000.00
Looks like a big number, but we were much younger then. Now we toss it around like pizza dough. We're in the trillions, now babay! But it's a low figure (16 or 17) with a bunch of trailing zeros.
On September 7th, 2003, President Bush announced on national television that he was going to ask the Congress to grant him an additional $87 billion dollars for the fiscal year, beginning October 1, 2004, to continue the fight on terror in Iraq and Afghanistan. Since before then, to the end of September, 2007, the United States has dedicated approximately $315 billion dollars to the cause.
We're being prepared for the next level. I wonder how long it will take to get to quadrillion.