About 'us debt timeline'|What happens when the debt ceiling is reached

About 'us debt timeline'|What happens when the debt ceiling is reached

Ｗａｔｃｈｉｎｇ               ｈｏｗ               ｔｈｉｎｇｓ               ｐｌａｙｅｄ               ｏｕｔ               ｉｎ               Ｗａｓｈｉｎｇｔｏｎ               ｒｅｃｅｎｔｌｙ,               ｉｔ               ａｌｌ               ｓｔａｒｔｅｄ               ｓｏｕｎｄｉｎｇ               ｆａｍｉｌｉａｒ. Ｔｏｏ               ｆａｍｉｌｉａｒ. Ｓｏｍｅ               ｐｅｏｐｌｅ               ｌｉｋｅ               ｔｏ               ｓａｙ               ｔｈａｔ               ｐｒｉｖａｔｅ               ｃｏｍｐａｎｉｅｓ               ｆｕｎｃｔｉｏｎ               ｂｅｔｔｅｒ               ｔｈａｎ               ｇｏｖｅｒｎｍｅｎｔ,               ｂｕｔ               ｔｈｉｓ               ｌａｔｅｓｔ               ｄｉｓｐｌａｙ               ｏｎｌｙ               ｐｏｉｎｔｓ               ｏｕｔ               ｈｏｗ               ａｎｙ               ｌａｒｇｅ               ｏｒｇａｎｉｚａｔｉｏｎ               ｏｆ               ｈｕｍａｎｓ               ｗｉｌｌ               ｆｉｎｄ               ｗａｙｓ               ｔｏ               ｓｕｃｋ. Ｌｅｔ'ｓ               ｒｅｖｉｅｗ:                Ａ               ｌｏｔ               ｏｆ               ｂｏｌｄ               ｔａｌｋ               ｂｙ               ｌｅａｄｅｒｓ               ｃｒｅａｔｅｓ               ａ               ｃｒｉｓｉｓ               ａｎｄ               ａ               ｄｅａｄｌｉｎｅ               ｔｈａｔ               ｏｔｈｅｒｗｉｓｅ               ｄｉｄｎ'ｔ               ｅｘｉｓｔ. Ａｔ               ｔｈｅ               ｅｎｄ               ｏｆ               Ｊｕｎｅ               ｗｅ               ｗｅｒｅ               ａｌｌ               ｍａｄｅ               ｔｏ               ｗｏｒｋ               ｔｈｅ               ｗｅｅｋｅｎｄ               ｂｅｃａｕｓｅ               ｔｈｅ               ｐｒｏｊｅｃｔ               ａｂｓｏｌｕｔｅｌｙ               ｈａｄ               ｔｏ               ｇｏ               ｔｏ               ｓｅｎｉｏｒ               ｍａｎａｇｅｍｅｎｔ               ｂｅｆｏｒｅ               ｔｈｅ               ｈｏｌｉｄａｙ               ｂｒｅａｋ. Ｔｈｅｎ               ｗｈｅｎ               ｗｅ               ｆｉｎｉｓｈｅｄ,               ｔｈｅ               ＣＦＯ               ｓａｉｄ               "Ｉ               ｗｏｎ'ｔ               ｈａｖｅ               ｔｉｍｅ               ｔｏ               ｌｏｏｋ               ａｔ               ｔｈｉｓ               ｕｎｔｉｌ               Ａｕｇｕｓｔ."               Ｉｔ'ｓ               ｃｌｅａｒ               ｔｈａｔ               ｔｈｅ               ｔｗｏ               ｍａｎａｇｅｒｓ               ｉｎｖｏｌｖｅｄ               ｈａｄ               ｃｒｅａｔｅｄ               ｔｈｅ               ｄｅａｄｌｉｎｅ               ｔｈｅｍｓｅｌｖｅｓ               ｉｎ               ａｎ               ａｔｔｅｍｐｔ               ｔｏ               ｉｍｐｒｅｓｓ               ｔｈｅ               ＣＦＯ,               ｗｈｏ,               ｉｔ               ｔｕｒｎｓ               ｏｕｔ,               ｄｏｅｓｎ'ｔ               ｃａｒｅ.                Ｍａｃｈｏ               ｐｏｓｔｕｒｉｎｇ               ｔａｋｅｓ               ｐｒｅｃｅｄｅｎｃｅ               ｏｖｅｒ               ｔｒｙｉｎｇ               ｔｏ               ｇｅｔ               ｓｏｍｅｔｈｉｎｇ               ｄｏｎｅ. Ｈｏｗ               ｍａｎｙ               ｔｉｍｅｓ               ｄｏｅｓ               ｙｏｕｒ               ｂｏｓｓ               ｉｎｔｅｒｒｕｐｔ               ｙｏｕｒ               ｗｏｒｋ               ｏｒ               ｍａｋｅ               ｙｏｕ               ｐｏｓｔｐｏｎｅ               ｓｏｍｅｔｈｉｎｇ               ｓｏ               ｙｏｕ               ｃａｎ               ｇｏ               ｔｏ               ａ               ｍｅｅｔｉｎｇ               ｗｈｅｒｅ               ｈｅ               ｂｒａｇｓ               ａｂｏｕｔ               ｈｏｗ               "ｔｈｉｎｇｓ               ｗｉｌｌ               ｂｅ               ｄｉｆｆｅｒｅｎｔ"? Ｌｉｓｔｅｎｉｎｇ               ｔｏ               ｂｒａｇｇｉｎｇ               ｉｓ               ｔｈｅ               #2               ｗａｓｔｅ               ｏｆ               ｍｙ               ｔｉｍｅ,               ａｆｔｅｒ               ｓｔａｔｕｓ               ｍｅｅｔｉｎｇｓ               ｏｆ               ｃｏｕｒｓｅ.                Ｏｎｌｙ               ｉｎ               ｔｈｅ               ｌａｓｔ               ｈｏｕｒｓ               ｄｏ               ｐｅｏｐｌｅ               ｆｉｎａｌｌｙ               ｓｔａｒｔ               ｔｏ               ｆｏｃｕｓ. Ｗｈｉｌｅ               ｔｈｅ               ｐｒｏｊｅｃｔ               ｒｅｍａｉｎｓ               ｗｅｅｋｓ               ａｗａｙ,               ｔｈｅｒｅ               ｉｓ               ｎｏ               ｕｒｇｅｎｃｙ               ｆｒｏｍ               ｔｈｅ               ｂｏｓｓ               ｔｏ               ａｐｐｒｏｖｅ               ａｎｙｔｈｉｎｇ,               ｅｖｅｎ               ｔｈｏｕｇｈ               ｔｈｅ               ｔｉｍｅｌｉｎｅ               ｓａｙｓ               ｈｅ'ｓ               ａｌｒｅａｄｙ               ｄａｙｓ               ｂｅｈｉｎｄ               ａｎｄ               ｈｏｌｄｉｎｇ               ｔｈｉｎｇｓ               ｕｐ. Ｔｈｒｅａｔｓ               ｏｆ               ｌａｔｅ               ｄｅｌｉｖｅｒｙ               ｆａｌｌ               ｏｎ               ｄｅａｆ               ｅａｒｓ               ｕｎｔｉｌ               ｗｅ'ｒｅ               ａ               ｗｅｅｋ               ａｗａｙ.                Ｓｏｍｅ               ｌｅａｄｅｒｓ               ｇｅｔ               ｗｏｒｒｉｅｄ               ｉｔ               ｗｏｎ'ｔ               ｂｅ               ｆｉｎｉｓｈｅｄ               ｏｎ               ｔｉｍｅ,               ｓｏ               ｔｈｅｙ               ｂｅｇｉｎ               ｅｆｆｏｒｔｓ               ｔｏ               ｓｈｉｆｔ               ｔｈｅ               ｂｌａｍｅ               ｏｎ               ｏｔｈｅｒｓ               ＥＶＥＮ               ＴＨＯＵＧＨ               ＩＴ               ＨＡＳＮ'Ｔ               ＹＥＴ               ＦＡＩＬＥＤ. Ｔｈｉｓ               ｉｓ               ａ               ｆａｖｏｒｉｔｅ               ｏｆ               ｍｉｎｅ. Ｔｈｅｒｅ'ｓ               ａｎ               ａｃｃｏｕｎｔ               ｄｉｒｅｃｔｏｒ               ｗｈｏ               ｄｏｅｓｎ'ｔ               ｒｅａｌｌｙ               ｕｎｄｅｒｓｔａｎｄ               ｗｈａｔ               ｗｅ               ｄｏ,               ａｎｄ               ｓｈｅ               ｇｅｔｓ               ｎｅｒｖｏｕｓ               ａｓ               ｄｅａｄｌｉｎｅｓ               ａｐｐｒｏａｃｈ. Ｒａｔｈｅｒ               ｔｈａｎ               ｇｉｖｉｎｇ               ｕｓ               ｓｐａｃｅ               ｔｏ               ｄｏ               ｏｕｒ               ｊｏｂｓ,               ｓｈｅ               ｔｒｉｅｓ               ｔｏ               ｉｎｔｅｒｆｅｒｅ               ａｎｄ               ｍｉｃｒｏｍａｎｇｅ. Ｗｈｅｎ               ｗｅ               ｐｕｓｈ               ｂａｃｋ               ａｎｄ               ｏｕｒ               ｂｏｓｓ               ａｃｔｕａｌｌｙ               ｂａｃｋｓ               ｕｓ               ｕｐ,               ｔｈｅｎ               ｓｈｅ               ｗａｌｋｓ               ａｒｏｕｎｄ               ｔｈｅ               ｏｆｆｉｃｅ               ｔｒｙｉｎｇ               ｔｏ               ｐｏｉｎｔ               ｏｕｔ               ｈｏｗ               ｎｏ               ｏｎｅ               ｗｉｌｌ               ｌｉｓｔｅｎ               ｔｏ               ｈｅｒ,               ａｎｄ               ｔｈｅ               ｐｒｏｊｅｃｔ               ｉｓ               ｇｏｉｎｇ               ｔｏ               ｆａｉｌ               ｂｅｃａｕｓｅ               ｏｕｒ               ｄｅｐａｒｔｍｅｎｔ               ｉｓ               ｉｎｃｏｍｐｅｔｅｎｔ.                Ａｓ               ｉｔ               ｉｓ               ｎｅａｒｌｙ               ｄｏｎｅ,               ｐｅｏｐｌｅ               ｓｈｉｆｔ               ｔｈｅｉｒ               ｆｏｃｕｓ               ｔｏｗａｒｄｓ               ｅｆｆｏｒｔｓ               ｔｏ               ｔａｋｅ               ｔｈｅ               ｃｒｅｄｉｔ,               ｅｖｅｎ               ｔｈｏｕｇｈ               ｉｔ               ｉｓ               ｎｏｔ               ｙｅｔ               ｄｏｎｅ               ａｎｄ               ｃｏｕｌｄ               ｓｔｉｌｌ               ｆａｉｌ. Ｗｈｉｌｅ               ｗｅ               ｗｅｒｅ               ｗａｉｔｉｎｇ               ｆｏｒ               ａ               ｍａｎａｇｅｒ               ｉｎ               ａｎｏｔｈｅｒ               ｄｅｐａｒｔｍｅｎｔ               ｔｏ               ａｐｐｒｏｖｅ               ｔｈｅ               ｃｈａｎｇｅｓ               ｔｏ               ｈｉｓ               ｓｅｃｔｉｏｎ,               ｈｅ               ｄｅｌａｙｅｄ               ｆｏｒ               ａ               ｄａｙ,               ａｎｄ               ｉｎｓｔｅａｄ               ｓｅｎｔ               ａ               ｎｏｔｅ               ｔｏ               ｔｈｅ               ＣＥＯ               ａｎｄ               ＣＦＯ               ｓａｙｉｎｇ               ｈｏｗ               ｈｉｓ               ｄｅｐａｒｔｍｅｎｔ               ｈａｄ               ｒｅａｌｌｙ               ｐｕｌｌｅｄ               ｔｏｇｅｔｈｅｒ               ｉｎ               ｔｈｅ               ｌａｓｔ               ｍｉｎｕｔｅ               ｔｏ               ｇｅｔ               ｔｈｅ               ｐｒｏｊｅｃｔ               ｄｏｎｅ,               ａｎｄ               ｗｈａｔ               ａ               ｓｕｃｃｅｓｓ               ｉｔ               ｗａｓ. Ｔｈｅ               ｏｎｌｙ               ｔｈｉｎｇ               ｗａｓ               ＩＴ               ＷＡＳＮ'Ｔ               ＤＯＮＥ               ＹＥＴ.                Ｆｉｎａｌｌｙ               ｉｔ'ｓ               ｄｏｎｅ               ａｎｄ               ｅｖｅｒｙｏｎｅ               ｈａｔｅｓ               ｉｔ,               ｂｕｔ               ｉｔ               ｇｅｔｓ               ｐｕｓｈｅｄ               ｏｕｔ               ａｎｙｗａｙ               ｂｅｃａｕｓｅ               ｎｏｔ               ｔｏ               ｗｏｕｌｄ               ｂｅ               ａｄｍｉｔｔｉｎｇ               ｆａｉｌｕｒｅ. Ａｎｙ               ｐｒｏｊｅｃｔ               ｔｈａｔ               ｒｅｑｕｉｒｅｓ               ｃｏｍｐｒｏｍｉｓｅ               ａｎｄ               ｈａｓ               ｍｕｌｔｉｐｌｅ               ｂｏｓｓｅｓ               ｅｉｔｈｅｒ               ｄｉｅｓ               ａ               ｐａｉｎｆｕｌ               ｄｅａｔｈ,               ｏｒ               ｉｓ               ｔｏ               ｂｉｇ               ｔｏ               ｆａｉｌ               ａｎｄ               ｇｏｅｓ               ｏｕｔ               ａ               ｒｅａｌ               ｓｔｉｎｋｅｒ.                Ｅｖｅｒｙｏｎｅ               ｐｒｏｍｉｓｅｓ               ｔｏ               ｌｅａｒｎ               ｔｈｅｉｒ               ｌｅｓｓｏｎ               ｂｕｔ               ｎｏｂｏｄｙ               ｄｏｅｓ. Ｔｈｅ               ｄａｙ               ａｆｔｅｒ               ｔｈｅ               ｐｒｏｊｅｃｔ               ｓｈｉｐｓ,               ｅｖｅｒｙｏｎｅ               ｍｅｅｔｓ               ｔｏ               ｄｉｓｃｕｓｓ               ｗｈａｔ               ｗｅｎｔ               ｗｒｏｎｇ               ａｎｄ               ｈｏｗ               ｔｏ               ａｖｏｉｄ               ｉｔ. Ｂｕｔ               Ｉ               ｄｏｎ'ｔ               ｋｎｏｗ               ｗｈｙ               ｗｅ               ｅｖｅｎ               ｔａｋｅ               ｎｏｔｅｓ,               ｂｅｃａｕｓｅ               ｎｏ               ｏｎｅ               ｉｓ               ｅｖｅｒ               ｈｅｌｄ               ａｃｃｏｕｎｔａｂｌｅ,               ａｎｄ               ｗｅ               ｊｕｓｔ               ｒｅｐｅａｔ               ｔｈｅ               ｓａｍｅ               ｃｒｉｔｉｃｉｓｍｓ               ｆｒｏｍ               ａｌｌ               ｐａｓｔ               ｐｒｏｊｅｃｔｓ.                Ｐｅｏｐｌｅ               ｃｏｎｔｉｎｕｅ               ｔｏ               ｐｌｏｔ               ｔｈｅｉｒ               ｎｅｘｔ               ｍｏｖｅ               ｔｏ               ｇｉｎ               ｕｐ               ａ               ｎｅｗ               ｃｒｉｓｉｓ               ｔｏ               ｍａｋｅ               ｔｈｅｍ               ｌｏｏｋ               ｇｏｏｄ               ａｎｄ               ｔｈｅｉｒ               ｒｉｖａｌｓ               ｌｏｏｋ               ｂａｄ,               ｂｅｃａｕｓｅ               ｔｈｅ               ｃｏｍｐａｎｙ'ｓ               ｉｎｔｅｒｅｓｔｓ               ｄｏｎ'ｔ               ｍａｔｔｅｒ               ａｓ               ｍｕｃｈ               ａｓ               ｔｈｅｉｒ               ｏｗｎ. Ｉ'ｖｅ               ｓｅｅｎ               ｔｉｍｅｓ               ｗｈｅｎ               ｔａｌｅｎｔｅｄ               ｐｅｏｐｌｅ               ａｒｅ               ｐｕｌｌｅｄ               ｏｆｆ               ｐｒｏｊｅｃｔｓ               ｆｏｒ               ｓｏｍｅ               ｔｒｕｍｐｅｄ               ｕｐ               ｅｍｅｒｇｅｎｃｙ,               ｉｎ               ａｎ               ａｔｔｅｍｐｔ               ｔｏ               ｒａｉｌｒｏａｄ               ｔｈｅ               ｏｔｈｅｒ               ｍａｎａｇｅｒ'ｓ               ｐｒｏｊｅｃｔ,               ａｎｄ               ｔｈｕｓ               ｌｏｏｋ               ｂｅｔｔｅｒ. Ｉ'ｖｅ               ａｌｓｏ               ｓｅｅｎ               ｐｅｏｐｌｅ               ｈｏｌｄ               ｂａｃｋ               ｓｏｍｅ               ｋｅｙ               ｒｅｓｏｕｒｃｅ               ｕｎｔｉｌ               ｔｈｅ               ｌａｓｔ               ｍｉｎｕｔｅ               ｓｏ               ｔｈｅｙ               ｃａｎ               ｌｏｏｋ               ｌｉｋｅ               ｔｈｅ               ｈｅｒｏ. Ｉｆ               ｓｏｍｅｏｎｅ               ｉｎ               ａ               ｃｕｂｉｃａｌ               ｔｒｉｅｄ               ｔｈｉｓ,               ｔｈｅｙ'ｄ               ｂｅ               ｆｉｒｅｄ;               ｂｕｔ               ｉｆ               ｙｏｕ               ｈａｖｅ               ａｎ               ｏｆｆｉｃｅ,               ｔｈｉｓ               ｉｓ               ｊｕｓｔ               ｐｏｌｉｔｉｃｓ               ａｓ               ｕｓｕａｌ. Ａｎｙｔｈｉｎｇ               Ｉ               ｍｉｓｓｅｄ?

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Debt Ceiling History Timeline 2011 Debt Ceiling Crisis Timeline U.S. Deficit Timeline U.S. Debt Timeline Chart National Debt in 1900 U.S. Debt