US ‘needs $US1.8t to avoid default’
Economy • December 2009 • Views: 501
So to keep the government running, they need this.
“A top House of Representatives Democratic leader says Congress will have to permit at least $US1.8 trillion ($A1.96 trillion) in additional federal borrowing next year to avoid a default on the US debt.”
Is the government now too big to fail?
What happened to don’t spend more then you have. If there’s ever a teachable moment, it should be this, you just can’t live beyond your means.