no question about it. This year for the second year in 3 years, we will have a mammoth increase in the debt. Last year alone we had a 1-year increase of $900 billion in the debt. We will have to increase that debt limit again before we leave here this year, or we will be perilously close to bumping the ceiling.
John Spratt: “no question about it. This year for the second year in 3 years, we will have a mammoth increase in the debt. Last year…”
Editor's note · Context
Discussing the increase in the national debt and the need to raise the debt limit.
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