Thursday, January 28, 2010

Debt Ceiling

The debt ceiling has now been officially increased to $14.3 trillion, up another $1.9 trillion, which will get us through the beginning of 2011 before it needs to be raised again.

We now wait for the re-appointment confirmation of Bernanke which should be in just a few hours after the Senator vote.

It's a fitting day for both to be announced as Bernanke will be purchasing the majority of the $1.9 trillion with his printing press.

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