Holy Snickers: You folks see the equity bailout plans by the Fed????

[seattle-relo]

Well, I have to admit I’m pretty lost…but is that 11 trillion dollars that I see in section 10? Huh? Can anyone explain where they got that number? I’m so confused!!!! I am trying to understand what’s going on in the front end and the back end, can you imagine how confused the “average head in the sand” American is right now? We’re doomed…(I think)

[bsrsharma]

Increase in Statutory Limit on the Public Debt.

Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.

That refers to increasing the debt ceiling i.e. credit limit for U.S. Now, U.S. can have up to 11.315 Trillion in national debt before Congress has to revisit it again. (Unless, creditors refuse to finance the increased debt, which very well may happen, at some point – that would be a truly terminal event)

[bsrsharma]

Increase in Statutory Limit on the Public Debt.

Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.

That refers to increasing the debt ceiling i.e. credit limit for U.S. Now, U.S. can have up to 11.315 Trillion in national debt before Congress has to revisit it again. (Unless, creditors refuse to finance the increased debt, which very well may happen, at some point – that would be a truly terminal event)

[bsrsharma]

Increase in Statutory Limit on the Public Debt.

Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.

That refers to increasing the debt ceiling i.e. credit limit for U.S. Now, U.S. can have up to 11.315 Trillion in national debt before Congress has to revisit it again. (Unless, creditors refuse to finance the increased debt, which very well may happen, at some point – that would be a truly terminal event)

[bsrsharma]

Increase in Statutory Limit on the Public Debt.

Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.

That refers to increasing the debt ceiling i.e. credit limit for U.S. Now, U.S. can have up to 11.315 Trillion in national debt before Congress has to revisit it again. (Unless, creditors refuse to finance the increased debt, which very well may happen, at some point – that would be a truly terminal event)

[bsrsharma]

Increase in Statutory Limit on the Public Debt.

Subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $11,315,000,000,000.

That refers to increasing the debt ceiling i.e. credit limit for U.S. Now, U.S. can have up to 11.315 Trillion in national debt before Congress has to revisit it again. (Unless, creditors refuse to finance the increased debt, which very well may happen, at some point – that would be a truly terminal event)

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