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General => Lobby => Topic started by: Darren Dirt on July 30, 2011, 12:39:45 PM

Title: Reddit explains the US "debt ceiling" to you like you're five
Post by: Darren Dirt on July 30, 2011, 12:39:45 PM
http://boingboing.net/2011/07/29/reddit-explains-the-debt-ceiling-to-you-like-youre-five.html?dlvrit=36761

via the most informed and prolific celeb tweeter, http://twitter.com/Alyssa_Milano (not joking, omg she has her fingers in a LOT of topical pots)
Title: Re: Reddit explains the US "debt ceiling" to you like you're five
Post by: Lazybones on July 30, 2011, 12:46:12 PM
No sure how many 5 year olds have a credit card. Also I didn't really think the debt ceiling was that hard to understand, unlike the sub-prime mortgage mess and the trading of debt.
Title: Re: Reddit explains the US "debt ceiling" to you like you're five
Post by: Darren Dirt on July 30, 2011, 12:56:06 PM
Well, I find this hard to understand...
http://slatest.slate.com/posts/2011/07/24/congress_scrambles_for_debt_plan_ahead_of_opening_markets.html

so is it passed or not?

Then again, I only skim-read crap like this.
Title: Re: Reddit explains the US "debt ceiling" to you like you're five
Post by: Darren Dirt on August 01, 2011, 12:48:13 AM
Quote from: Darren Dirt on July 30, 2011, 12:56:06 PM

so is it passed or not?


sorta.

http://www.thestar.com/news/world/article/1032816--u-s-debt-deal-still-needs-approval