The American Debt Ceiling

First off, copy and paste this URL into your address bar and watch this 

video.http://www.thedailyshow.com/watch/wed-may-18-2011/debt-to-america

Now, I'm not expert on the financial crises of American, but one thing I do know for sure is that reaching our debt ceiling is certainly not a good thing. What does that exactly mean? I mean for the last five minutes I was just laughing with Jon Stewart (which isn't a bad thing by any means) but should we be concerned? Yeah probably, but who's to blame? 

Perhaps Republicans can put the blame on Barack Obama's administration but realistically the problem goes way farther back than the past 2 or 3 years. Let's get real here, the debt ceiling is at an al time high of 14.4 Trillion dollars. That's a lot of money, how the hell are we going to pay it all back? The absolute limit where our credit line stops is 14.6 Trillion dollars and we are blazing towards the brick wall faster than expected. Is there anything we can do to stop it? So far through my twitter feed, and other news networks no one seems to be issuing out warning signs of armageddon (well other than that 89 year old guy who said the world will end on May 21st 2011). 

Are we going to panic?

No, the easy answer comes from the Obama Administration and wil be suspending investments into retiree's pensions until we can lower the debt somewhat. The simple answer means that old rich white people won't be getting MORE money in the mean time. Good for us, bad for them. 

 Is our economy going to shut down and a zombie infestation will occur? Most likely not, but keep in mind these are interesting times and if you haven' been consistently watching the news or are completely aware of what's going on, right now wouldn't be a bad time to check the news four or five times a day. 

In case of an actual zombie infestation, it wouldn't hurt to pick some up at your nearest Home Depot.