{"id":32275,"date":"2012-09-08T16:56:13","date_gmt":"2012-09-08T20:56:13","guid":{"rendered":"http:\/\/danielschristian.com\/learning-ecosystems\/?p=32275"},"modified":"2012-09-08T16:56:13","modified_gmt":"2012-09-08T20:56:13","slug":"u-s-debt-417-billion-below-the-debt-ceiling-sahadi","status":"publish","type":"post","link":"https:\/\/danielschristian.com\/learning-ecosystems\/2012\/09\/08\/u-s-debt-417-billion-below-the-debt-ceiling-sahadi\/","title":{"rendered":"U.S. debt $417 billion below the debt ceiling [Sahadi]"},"content":{"rendered":"

U.S. debt $417 billion below the debt ceiling<\/strong><\/a> — from CNN.com by Jeanne Sahadi<\/p>\n

Excerpt:<\/em><\/p>\n

The debt ceiling<\/a> is currently set at $16.394 trillion. At the end of August, the amount of debt subject to that limit — which excludes certain types of debt <\/strong>— <\/strong>was $15.977 trillion, roughly $417 billion below the cap. Since the government typically borrows between $100 billion and $125 billion a month, that means it’s on track to hit the ceiling sometime in December. But the Treasury Department will likely be able to use “extraordinary measures” to keep the debt just below the legal limit for a couple of months.<\/p>\n

Bottom line:
\nCongress will likely need to raise the ceiling in early 2013 or Treasury will risk defaulting on the country’s legal obligations by failing to pay all of its bills in full and on time.<\/p>\n

From DSC:<\/em><\/span><\/strong>
\n At some point, if we don’t turn things around, the vast majority of our tax dollars will go to pay for interest on our debt…and. nothing. else.<\/em> <\/span><\/strong><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. debt $417 billion below the debt ceiling — from CNN.com by Jeanne Sahadi Excerpt: The debt ceiling is currently set at $16.394 trillion. At the end of August, the amount of debt subject to that limit — which excludes certain types of debt — was $15.977 trillion, roughly $417 billion below the cap. Since […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[387,306,211,36,35,3,285,321],"tags":[52,349,733,334,586,585,566,27,637,728],"class_list":["post-32275","post","type-post","status-publish","format-standard","hentry","category-business","category-economics","category-funding-grants","category-future-of-higher-education","category-game-changing-environment","category-higher-education","category-legislation-legislatures","category-united-states","tag-budgetary","tag-economicsbusiness","tag-financial-aid","tag-funding","tag-future-of-higher-education","tag-game-changing-environment","tag-higher-education","tag-legislation","tag-perfect-storm","tag-united-states"],"_links":{"self":[{"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/32275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/comments?post=32275"}],"version-history":[{"count":5,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/32275\/revisions"}],"predecessor-version":[{"id":32295,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/32275\/revisions\/32295"}],"wp:attachment":[{"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/media?parent=32275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/categories?post=32275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/tags?post=32275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}