Now that the big-govt advocates can borrow without limit, how much will they borrow?

[Little-Acorn]

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?

 

[TheSeventhTiger]

its only 125,00 per adult and $200,000 for every new-born. it's only money according to Obama/Reid/Pelosi.

 

[daveman]

How much will they borrow?

How much can there be?

 

[Hoffstra]

Congress will borrow all the money that is needed to fund the spending that they have approved.

 

[Little-Acorn]

Congress will borrow all the money that is needed to fund the spending that they have approved.

And will go on approving more, and more.

 

[Black_Label]

Congress will borrow all the money that is needed to fund the spending that they have approved.

And will go on approving more, and more.

Likely, the GOP house controls the purse strings, and they love spending more than anything.

 

[daveman]

Congress will borrow all the money that is needed to fund the spending that they have approved.

And will go on approving more, and more.

Likely, the GOP house controls the purse strings, and they love spending more than anything.

Yes, that's why they were so happy to fund Obamacare.

Oh, wait...