US Hits Debt Limit

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May 16, 2011 6:29 a.m.

It’s amazing the kind of Russian Roulette some people are willing to play with the nation’s future. The US hit its debt limit Monday morning. As of right now the US can’t borrow money to meet its current obligations. So the Treasury must now start devising bailing wire and bubble gum techniques to keep the country out of default.

Capitol Hill Republicans say they’re in no rush to raise the debt ceiling to keep the United States from its first default in US history.

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