Detailed text transcripts for TV channel - CNN - 20110412:10:34:00
Stands at $14.208 trillion or just $186 billion shy of the limit. that means the united states has to keep borrowing money to keep funding itself, to keep going, but hit that debt ceiling. it's always been moving higher here. our debt ceiling hasn't been this high. look at november 1990. way back here it was about $3 trillion. the first debt limit was set in 1917 at $11.5 billion. if you look at the last 20 years, below $5 trillion to almost $15 trillion we are now. that's a big number. we're going to try to break down what a trillion dollars looks like, get our head around what a trillion dol...
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