I have an ongoing theme over the history of this blog: how much does the United States owe, and what's the credit card limit up to now?
According to the U.S. Government, the current debt stands at $9.111 Trillion. It's odd typing such a large number. I'd rather prefer saying $9,111 Billion. A billion dollars is a heck of a lot of money, and we as normal humans can't even properly fathom a trillion. It's beyond comprehension.
And the last I heard the statutory debt limit was $8.97 Trillion. So they much have increased it without me noticing - and they did increase it early in October. How come this didn't make the news? A quick Google search tells me the current limit is $9.815 Trillion.
I guess in an election year, they want to give themselves a lot of room to spend so that they don't have to debate the level of debt on the nightly news.
Disclaimer The opinions expressed herein are my own personal opinions and do not represent my employer's view in any way.