Noun
the maximum borrowing power of a governmental entity
Source: WordNetThe fact that we are here today to debate raising America's debt limit is a sign of leadership failure. Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better. Barack Obama
Now we are raising the debt limit 3 times, up to $8 trillion, so that our children and our grandchildren will have to pay for the cost of our expenditures. Chaka Fattah
The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. America has a debt problem and a failure of leadership. Americans deserve better. I, therefore, intend to oppose the effort to increase America's debt. Barack Obama
President Obama's reelection started the countdown for lawmakers to address the fiscal cliff and the statutory debt limit. Unless the President and House Republicans can agree on changes to current law, the U.S. economy will be in recession by spring. Mark Zandi
The American people reject the idea of giving Washington a blank check to increase the debt limit. Martha Roby
Historically, the responsibility for voting on the debt limit has gone to the party in the majority. Jacob Lew