12 Trillion and rising / UN says "no more dollar"

By way of Drudge Report: Senate must raise debt ceiling above $12T

[...]

Changing the debt cap “does provide an opportunity to look at fiscal policy and what its failings are, and ideally it could give both sides an opportunity to think about what we need to do so we don't keep raising the debt limit,” said Robert Bixby, the executive director of the Concord Coalition, a fiscal watchdog group.

How about you just quit spending money we don't have? Simple!!


UN wants new global currency to replace dollar

The dollar should be replaced with a global currency, the United Nations has said, proposing the biggest overhaul of the world's monetary system since the Second World War.read the rest