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There’s no actual debt ceiling right now

There’s no actual debt ceiling right now.

The fiscal deal passed by Congress on Wednesday evening to re-open the government and get around the $16.4 trillion limit on borrowing doesn’t actually increase the debt limit. It just temporarily suspends enforcement of it.

That means Americans have no idea how much debt their government is going to rack up between now and Feb. 7, when the limits are supposed to go back into place and will have to be raised.

Read more: http://dailycaller.com/2013/10/17/theres-no-actual-debt-ceil...




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More like Debt-Stratosphere

More like Debt-Stratosphere

Southern Agrarian

so a headline 'Debt Ceiling Raised to 100 Septa-giblian Dollars'

would not have been exaggeration?

Bummer.

How to tell if a panda's been eyeballin' your woman - next Focus on Pandas

Well yah since there is no actual national debt just counterfeit

Lets see in a private corporation, Federal Reserve (controlled by the zio rothschild crime family) this private corporation out of thin air, entered at a computer keyboard creates a false national debt.

This false national debt is used to extort the public into immoral cowardly obediance.

So the shut down the usurped gov is one huge joke. Again while you focus on the puppet show the rothschild agents infiltrate the audiance killing some, stealing from the rest.

Best not to attent these evil puppet shows, they are like honey to flys.

sovereign

The concept of a dept ceiling is dead

Congress put a fig leaf over it, but the debt ceiling law is a dead letter.
The Obama administration has made it clear that he will issue Executive orders to by-pass the debt ceiling based on two things: the Constitutional requirement that he faithfully execute the laws which have already been passed and funded. A Debt Ceiling is not a Constitutional mandate. It is a law passed by Congress, and when the Congressional law is in conflict with a Constitutional mandate, the law loses.

Sooooo...until Congress actually repeals laws and defunds programs, there is no impediment to spending.'

The Debt Ceiling is dead. Once Obama ignores it, the principle will be established and Congress will have been diminished. That's why Congress had to come to deal: to protect the appearance of relevance.

Since the debt ceiling is unlimited,

Gold and Silver follow the debt ceiling limit.

See chart:
http://www.zerohedge.com/sites/default/files/images/user5/im...

The Debt ceiling is not really a debt, since there is no collateral, it is the money supply. Without our sovereign debt increase there is no high power money supply increase. Calling it debt is misleading.