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  1. #1 U.S. debt jumps a record $328 billion — tops $17 trillion for first time 
    PORCUS MAXIMUS Rockntractor's Avatar
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    By Stephen Dinan
    -
    The Washington Times
    Friday, October 18, 2013



    U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week.

    The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday.




    The $328 billion increase shattered the previous high of $238 billion set two years ago.
    The giant jump comes because the government was replenishing its stock of “extraordinary measures” — the federal funds it borrowed from over the last five months as it tried to avoid bumping into the debt ceiling.
    Under the law, that replenishing happens as soon as there is new debt space.

    Read more: http://www.washingtontimes.com/news/...#ixzz2i8MEb9gU
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    Ancient Fire Breather Retread's Avatar
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    Administrator SaintLouieWoman's Avatar
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    In the words of those esteemed Democratic women, Hillary and Pelosi, "what diffeence does it make?"
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    LTC Member Odysseus's Avatar
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    Quote Originally Posted by SaintLouieWoman View Post
    In the words of those esteemed Democratic women, Hillary and Pelosi, "what diffeence does it make?"
    To them, none. To our children and grandchildren, it's the difference between liberty and serfdom.
    --Odysseus
    Sic Hacer Pace, Para Bellum.

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