We all know that, in general, debt isn't a great thing. Student loans are one thing, credit cards with a balance made up of impulse purchases is another. Our government, however, couldn't exist without debt and in fact, our entire Federal Reserve system would be in jeopardy. I'm not saying that would be a bad thing, but few would argue that debt has gotten out of control in the United States.
The Senate's new move to increase the acceptable debt ceiling to an amazing 12.1 trillion by October of this year. If you do some research on the topic you'll see that a lot of people in the financial industry are concerned by this, some saying it is bad news regarding the overall health of our economy.
Here is an article to get you started.http://www.istockanalyst.com/article/viewarticle/articleid/3463465
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