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Old 09-20-2007, 01:20 PM
iron81 iron81 is offline
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Join Date: Sep 2005
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Default Re: United States of America is about to run out of overdraft. LOL

What TOAFK refers to as the overdraft limit is normally called the debt ceiling: the maximum debt the Treasury is authorized to issue. This has happened dozens of times in the past and Congress has always increased it when they had to, although sometimes people use the debt ceiling to push other priorities. If it weren't for the staggering sums of money involved, it would barely qualify as news.
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