We’ve Just Breached the Debt Ceiling… Next Comes the Default...While Obama is chugging Guinness and Congress is doing… well not much of anything, we’ve breached the US debt ceiling. That’s correct, the US now has more debt than is legally permitted. We’d crossed the “more debt than is healthy” as well as the “more debt than is sane” levels long ago. However, it wasn’t until the last few weeks that we cleared the legal debt limit...In other words, the entire US debt structure is now a giant Ponzi scheme. (but dont worry, Steiny Hoyer (D-MD) says American is NOT broke)
http://www.zerohedge.com/article/we%e2%80%99ve-just-breached-debt-ceiling%e2%80%a6-next-comes-default
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