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UPDATE – AFTER THE MARKET CLOSED TODAY, AUGUST 4, 2011, IT WAS DOWN 512.76 POINTS – OR 4.31% – $11,383.68.  THAT HOPE AND CHANGE IS REALLY GOING WELL, I MEAN SINKING IN THE WELL, I MEAN DROWNING IN THE WELL!  GOVERNMENT MOTORS (YOU KNOW THE ONE THE ANOINTED MESSIAH BOUGHT FOR YOU) IS DOWN TO IT’S LOWEST AT 25.99…

By Alex Wong | AFP – 16 hours ago US gross debt shot up $238 billion to reach 100 percent of gross domestic product after the government’s debt ceiling was lifted, Treasury figures showed. Read More: http://uk.news.yahoo.com/us-borrowing-tops-100-gdp-treasury-000802893.html           Related Items:  NEWS! – U.S. eats up most of debt limit in one…

$239 billion spike uses up 60% of funding OK’d on Tuesday U.S. debt shot up $239 billion on Tuesday — the largest one-day bump in history — as the government flexed the new borrowing room it earned in this week’s debt-limit increase deal. The debt subject to the statutory limit shot way past the old…
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