WE DID IT! WE DID IT! WE HAVE WON THE CONTEST TO SPEND THE MOST MONEY!

It's official: The U.S. government hit the debt ceiling on Monday, Treasury Secretary Timothy Geithner told Congress.

Geithner said he would have to suspend investments in federal retirement funds until Aug. 2 in order to create room for the government to continue borrowing in the debt markets.

Who says America isn't exceptional? Just look at that exception it needed in order to borrow more money: exceptional!

This is just like that film Blank Check. But will America get to fuck the woman from the FBI at the end even though we're like 12 years old? [CNN]