Senate Proposes Increasing US Debt Limit to $14.3 Trillion: “If Congress does not enact this legislation, and soon, then the Treasury would default on its debt for the first time in history,” said Senate Finance Committee Chairman Max Baucus

On government debt:“There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.” - John Adams“I wish it were possible to obtain a single amendment to our Constitution — taking from the federal government their power of borrowing.”- Thomas Jefferson “‘Washington is shifting the burden of [...] continue reading the breaking news