"Update: the Senate has failed to reject a bid to stop the
debt ceiling hike with a simple 52 vote majority all of it along party lines.
The US now has $16.4 trillion in debt capacity as of Friday. Since roughly $100
billion was plundered from Pension Funds in the past month, The US will have
about $15.4 trillion in debt with the Monday DTS. The question then is how long
will the $1 trillion in debt capacity last: at $125 billion/month it won't be
enough to carry the US past the election without another massive debt ceiling
spectacle.
While Congress recently voted down the increase in the US debt ceiling, that vote was largely irrelevant. And all that matters is how the Senate will vote. Watch it live in progress below. It is virtually unlikely that the process of debt ceiling increase will be overturned so within minutes the US should have a brand spaking new debt ceiling of $16.4 trillion..."
at http://www.zerohedge.com/news/senate-vote-progress-increase-us-debt-ceiling-12-trillion
While Congress recently voted down the increase in the US debt ceiling, that vote was largely irrelevant. And all that matters is how the Senate will vote. Watch it live in progress below. It is virtually unlikely that the process of debt ceiling increase will be overturned so within minutes the US should have a brand spaking new debt ceiling of $16.4 trillion..."
at http://www.zerohedge.com/news/senate-vote-progress-increase-us-debt-ceiling-12-trillion
