Debt debate cheat sheet
Billboard featuring U.S. debt clock on July 11, 2011.
July 16th, 2011
10:06 AM ET
3 years ago

Debt debate cheat sheet

Washington (CNN) - Here it is - a cheat sheet to the talks over the national debt. These are the plans on the table, simplified and put in terms a human being can understand:

Key figures

$14.29 trillion - current debt limit. That's also nearly the value of the European Union's gross domestic product - or everything produced in the EU - last year.

FULL STORY

Filed under: Congress • Debt • Deficit
soundoff (3 Responses)
  1. wiredWeirdinSF

    Yes, that the debt is a real problem, but CNN's most pressing problem is providing a forum for the drug addled libertads to spew their hatred for Republican women as evidenced by the abundance of stories and responses from the Obama style people who are corrupt and love this inept, incompetent, corrupt, union toady and desire the destruction of freedom in this country. I think we willl rename the taxes that Obama has created the Obama tax increases to support the corrupt union bosses, the lazy welfare frauds and the drug addicts. Sounds almost as good as and makes more sense than the class warfare line that the libertards use doesn't it? When did this recession begin? January, 2007. When did the liberards take control of Congress? January, 2007. What was their first big act? Raise the minimum wage while demogouging those who said it would bring about unemployment and recession as recist, rich people. Libertards lied America, wake up. This Kenyan village idiot the SEIU/ACORN stole the election for lied and continues to lie to us.

    July 16, 2011 10:54 am at 10:54 am |
  2. The Obama Recession Continues Unabated, Obama Depression on the way

    Unfortunately most people in this country are clueless when it comes to their own financial matters, let alone the country's financial mess. Most people can't balance a checkbook, over borrow and spend themselves into bankruptcy, just like the federal government. They don't know the difference between the debt and the deficit. The Democrats count on this cluelessness to scare people and continue the march toward USA bankruptcy.

    July 16, 2011 10:56 am at 10:56 am |
  3. FM

    What really puzzles me is: The money was not used to the President family or friends, it was used to American people who really needed it most. Was that a waste??? Was those folks who got assisted not eligible to receive such assistance?? Can anyone enlight me on this???

    July 16, 2011 11:38 am at 11:38 am |