Home » In brief \

Debt Ceiling Headed to $10 Trillion

A $2.7 trillion budget plan pending before the House would raise the federal debt ceiling to nearly $10 trillion, less than two months after Congress last raised the federal government's borrowing limit. The provision — buried on page 121 of the 151-page budget blueprint — serves as a backdrop to congressional action this week. (Washington Post, Tuesday)

We owe it to ourselves.

FEE Timely Classic
The Dogma of Our Times by Frank Chodorov

© 2009 | Foundation for Economic Education | 30 S Broadway, Irvington-on-Hudson, NY 10533 | 1-800-960-4FEE (1-914-591-7230) | Fax 1-914-591-8910 | Log in