Breaking News 66: Voice of America: Understanding the Scope of the US Debt Ceiling

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Voice of America: Understanding the Scope of the US Debt Ceiling Dec 6th 2012, 01:21 Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries Understanding the Scope of the US Debt Ceiling Dec 5th 2012, 23:56 No discussion on the fiscal cliff would be complete without first taking a look at the U.S. debt. But for many - talk of U.S. debt and the debt ceiling is often abstract because it lacks scale. It's not some architectural feature unique to Washington. The debt ceiling is a borrowing limit - passed by Congress in 1917 to fund the war effort. Back then, the ceiling was slightly more than $11 billion.   Economist Richard Rahn, a senior fellow at the CATO Institute, said the idea was to ... Media files: B503FADA-FFCA-4EE9-88C0-FDCD9098876A_cx0_cy0_cw0_w800_r1.jpg?nocache=1 (image/jpeg, 0 MB) You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions

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