Spaced Frehley asked:


By raisilng the “debt ceiling” is that the same as saying “we’re not in debt’ until we reach X amount of debt? What does China and the other countries think of America raising the “debt ceiling”? Is raising the “debt ceiling” a way of putting off the American debt until the next Presidential election? Bush raised the “debt ceiling 7-8 times” and we still inherited a huge debt.

bdozen13 asked:


Bush took office 9 years ago with a financial surplus left by Clinton. In the eight years Bush was president our national debt went up almost three times what is was when he took office. The Obama administration is now showing the greatest national debt in our history. That debt includes a great amount of debt left by Bush – anyone have any idea where a person can find out what the national debt was on 1 January 2009?