What You Should Know About the Debt Ceiling

October 11, 2013 07:25
What You Should Know About the Debt Ceiling

Treasury Secretary Jack Lew warned that the debt ceiling must be raised by October 17th, but do you know what happens after that? Most people don’t. That’s Bankrupting America put together a Debt Ceiling Briefing Book to answer questions surrounding the current fiscal debate.

presidential debt

For instance, did you know that there are four “extraordinary measures” the Treasury Department can use to continue paying the nation’s bills? What about the fact that we’re now using the final extraordinary measures available, after exhausting all other options? Or, that if we continue on our current spending path, our debt-to-GDP ratio will reach 100% in just 25 years?

Clearly, the upcoming debt ceiling vote will have a large impact on our fiscal future, and all the facts you need to know are in this briefing book.

So, be sure to read and share it to stay up-to-date on all the facts surrounding the history of our debt, the current state of government spending and what else needs to be done to protect our fiscal future.

Gretchen Hamel
Executive Director
Public Notice
Bankrupting America

 

Debt Ceiling Briefing Book

 


 

 

Also please consider:

Has Obama Already Bankrupted America?

Obama’s Other Face On Debt

Half of Americans Think Worse Economy Still Coming – Majority Still Want Spending Cuts

The Need for a New Economics

Obama’s 1st Term: Real Median Income Down $2,627; People in Poverty Up 6,667,000; Record 46,496,000 Now Poor

No Economic Growth Except from Higher Deficits

Blue State Blues – ILL Food Stamp Enrollment 4 x Job Growth

Full Time Employment Down 5 Million – No Full Time Job Growth in Obama “Recovery” Except Govt

Millennials Green Light to be Bums in Obumeconomy

$100 BILLION Blown on Faux “Green” Jobs

SSA Losing Billions Every Year With Renewal of Bonds

The Mirror Cracks

Is This Country Different? Will the Big Bang Be a Shock?

Government Never Has, and Never Will, Create Progress

A Message from Lord Vader

Is Government Lying About Inflation? Yes!

Wake Up, Gulliver: The Lilliputians Are Almost Done

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America Waking Up to Scandalous, Lying O’ministration

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The Ferengi Are Running Washington

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The Progressive’s Foundation of Lies

The Chicagoization of America

Our Shameful President’s Thugocracy

Why is Anyone Surprised? U.S. Has Been Chicagoized

Why Things Will Get Worse — Much Worse

Obama Has Stolen $5.3 Trillion From Our Children In Order To Make Himself Look Good

9/12 – the Manhattan attack that gave us Obama

The Corruption of America

Debt quotes

Obama’s Achievement – Gov’t Has Become Gigantic Wealth-Transfer Machine

What Will It Take?

Obama’s “Fairness” is Pure Communism

Socialism Breeds Tyranny and Disparity

Crony capitalism is failing; let’s try the real thing

The Corruption of America

A Nation of Government Dependents?

The Self-Imposed Slavery of the Redistribution State

Obama Leading Us to Liberal Utopia Like Detroit

Obama leads “Forward” to ruin and destruction

America’s Liberal Government Ruling Class

Detroit “is a graveyard of socialism in America”

Zombified Cities Roundup: Detroit Becomes Dumping Ground for the Dead; Financial Urgency in Miami; Oakland Pension Time Bomb; How Pensions Crashed Stockton and San Bernardino

Formerly Great Cities All Over America Are Turning Into Open, Festering Sores

Public unions pushing cities to bankruptcy

Stockton California Joins Cities Bankrupted by Unions

The liberal union dream come true – Detroit

 

 



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