1 definition by Thisbe102
A state when a country's debt continues to rise and nothing can stop it. The sign that a country has truly crossed into Armadebton, is when the country's political community cannot make a decision on whether or not the country's debt ceiling should be raised, thus causing a nationwide financial meltdown, losing many their jobs, homes, and food.
John: Why can't the government make a decision on whether or not to raise the debt ceiling? I might get fired!
Doug: Oh man, its Armadebton!
Doug: Oh man, its Armadebton!
by Thisbe102 July 30, 2011