The U.S.A. has NO DEBT LIMIT

 There is NO DEBT CEILING

You cannot sink this economy

"There is no such thing as a debt ceiling in this country cause it's never been not increased and that's why we're $17 TRILLION in debt, and I would dispel the rumor that is going around that you hear on every newscast that if we don't raise the debt ceiling we will default on our debt--we won't."

Sen. Tom Coburn (R) Oklahoma

If this is true then why is anyone of us in debt?  I should be able to get unlimited credit increases on my CREDIT CARD, MORTGAGE, and AUTO LOAN and never have to pay it off.   This seems to only apply to the privileged who run the top end of the financial structure and those of us on the bottom have different rules:

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