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[Cabaye CAptain1]

 

[It's Me Scumbag]

Now we know why the debt ceiling was raised..

 

[Ubongo]

Against one man Sugoi

 

[Okiya]

Now we know why the debt ceiling was raised..

Martha is wrong. Public debt is 8 trillion. Debt ceiling doesn't mean that's the amount one has borrowed. It's like having a credit card limit which doesn't necessarily mean you have borrowed that amount. These are the latest figures from CBK updated June 2021

 

[Anglututu]

Too many words but nothing of substance said in his post.

 

[Field Marshal]

Read the name of the guy who has allegedly posted this. Read it again.

 

[upepo]

Martha is wrong. Public debt is 8 trillion. Debt ceiling doesn't mean that's the amount one has borrowed. It's like having a credit card limit which doesn't necessarily mean you have borrowed that amount. These are the latest figures from CBK updated June 2021

View attachment 55406

Are they raising the debt ceiling for fun?

 

[Okiya]

Are they raising the debt ceiling for fun?

To plug a budget deficit.

Note that debt is not bad. It's the thieving that happens thereafter that's not right.

 

[Denis Young]

Are they raising the debt ceiling for fun?

The budget deficit has been growing year after year. Over 800bn deficit is literally 50%+ of our ordinary revenue. Soon this country will be commiting +90% of it's collections to paying debts and even the air we breathe will have a 16% VAT added.