As of March 16, 2017, the Nation's debt limit was fixed at $19.8 T, the level reached the day before. Last I looked, we're at $19.96 T and climbing. The Treasury is now using what are intended to extraordinary means to pay the nation's bills but have recently almost been considered the norm. These methods could last as long as 5 months before running up against the wall.
Very little discussion is being presented in the forums I post in. The focus of the media and posters seems to be on other matters. Debt has become the method to control and grow the economy. That is for government, business and personal finances. The house of cards is about to fall down in my opinion. A number of bubbles are showing signs of reaching their limits. Arrears are growing in sub prime and prime loans for cars. Student debt arrears are growing. Retail sales are dropping and a number of retailers are contracting stores with some facing bankruptcy. This is putting downward pressure on retail real estate, large malls particularly. I've found it hard to pull the arrears on charge cards off the internet so I'm not sure if they have grown. I did find that the charge levels have nearly reached the 2008 levels.
Trumps proposed budget doesn't mention the debt limit that I'm aware of and appears as if it won't pass as proposed. Congress isn't talking about the limit that I'm aware of. The fractured relationships within the Republican Party will probably cause problems in resolving the debt level. I think I see through all the smoke another government shutdown coming. What do you think?
Rev'd to add punctuation.