In what has been described as "the largest one-day bump in history", US debt jumped $239 billion in a single day. That’s 60% of the debt ceiling increase just passed the day before.

Again, revenue is not the issue; spending is. The federal government is showing signs of an addict acting out, and we just gave it its next fix. Brilliant.

Filed under: DougEconomics & TaxesGovernment

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