debt ceiling

Financial Event Update: The Debt Ceiling

The Debt Ceiling….we keep hearing conversations about it, but what is happening?


Here’s a brief update:

Well, appears that the House Republicans and the president have come to an agreement and it has made it out of committee. It's going to hit the floor this Wednesday evening. That's tonight.

And when it goes there, it's going to go to a vote, end up getting reconciled with a bill from the Senate, and then it should pass. Then it will be on the president's desk, by tomorrow… maybe by Friday. But the bottom line is, it looks like they’ve come to terms.

There was a lot of saber rattling, a lot of people saying mean things about each other. That is the nature of politics. It's hard to believe that we make any positive progress. But, hey, it doesn't look like we're on default on our debt one more time and it's going to kick the can down the street for another two years.

Yay! We get to spend more money with the seemingly unlimited credit card.

What can you do:

I urge you to write your senators. Write your congressmen. Write the president. Ask them. “Hey, please, can we have a balanced budget?”

Send them the I Was Broke. Now I'm Not budget template offered by Fully Funded Life. I think it will help them greatly.