The US Treasury just warned that the debt ceiling needs to be raised to “avoid an unprecedented default on the national debt…Treasury officials urged Congress to pass either a new borrowing limit or another suspension of the debt.” For the latest stats on US government debt, see the national Debt Clock and find out how much you owe — and how fast it’s growing.
Meanwhile, here’s a song to listen to while you contemplate the nation’s demise. In this music video, downloaded 700,000 times on YouTube, libertarian comedian songwriter Remy raps about the debt ceiling.