Treasury Wants To Raise The Debt Ceiling $2 Trillion

Posted on : May 4, 2011 By
Current Events Economics 

Reuters is reporting that the U.S. Treasury has informed lawmakers an approximately $2 trillion rise in the federal debt limit will be needed to ensure the government can keep borrowing through the 2012 presidential election.

The Obama administration has repeatedly asserted that it is up to the U.S. Congress to decide by how much the current $14.3 trillion debt limit will be raised.

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RSOP is the co-founder & Executive Editor of Radical Survivalism Webzine, as well as a Family Preparedness Consultant with over seven years of personal experience in the self-reliance game. RSOP's many preparedness roles within his own group include team mechanic, head of security, electrician, and project designer/engineer.