So Congress says we won’t hear about the debt ceiling again until Feb. 7. Don’t count on that.
Washington is playing a shell game. Move the money here and there fast enough and nobody will be able to figure out how much cash — and, more important, debt — the US really has.
In the first place, putting the Feb. 7 date on the debt-ceiling extension instead of placing an amount on the new borrowing limits is preposterous. The numbers, I’m sure, will come out after the agreement is fully signed, sealed and — Washington hopes — forgotten.
The old debt limit was $16.7 trillion. You are probably thinking that since this was the limit, that’s where the US debt level now stands. You would be wrong.
As of 10:15 a.m. on Wednesday, when I started writing this column, the US owed ...