$1.2 Trillion More On The US Credit Card

Rick Santelli, the lone sane voice on the CNBC payroll, took some time today to discuss the debt ceiling increase announced this week.  Unlike last summer when our political clowns tried to bring the world to an end with their charade about "old sick people not receiving their social security checks,"  this week, the next debt ceiling increase passed through without a blip on the radar or a peep in the night. 

Whether it happens with loud commotion like last summer or it happens without a sound like this week, the outcome is still the same: our country is moving 120 mph over the edge of a cliff.