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




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Debt quotes

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