Has anyone heard about a new debt ceiling yet?

Steven mailinglist at navari.com
Fri Feb 21 17:02:34 PST 2003



>>Steven wrote:


>>We have blasted through the $6.4 trillion debt ceiling by 46 billion
>>now, and I haven't heard of a new ceiling being approved by Congress.
>>Anyone?


>Doug wrote:


>So? You think they won't pass one? And what if they do? How much
>closer would that bring us to the end of the world?

Not sure about an end of the world scenario, but a higher debt ceiling will put downward pressure USD, which needs all the help it can get right now. That is, if you believe the Bush administration's public statements about a strong dollar policy.



More information about the lbo-talk mailing list