debt ceiling 

A debt limit which is set by Congress and determines the absolute amount of federal debt the United States can hold.

The US Governments borrowing limit.

US stocks are sinking under the weight of the debt ceiling so it was necessary for Congress to vote to raise it, no matter what the consequences.

debt ceiling by Unc Wal August 2, 2011

debt ceiling chicken 

A game where everyone in Congress refuses to agree on a deal to raise the debt ceiling until the last possible minute. It's like regular chicken, but instead of driving cars at each other, politicians are using the economy.

John Boehner: I don't give a shit if our country turns into Mad Max 2. I'm going to win this game of debt ceiling chicken.
Barack Obama: Challenge accepted!

debt ceiling chicken by themalk August 6, 2011

debt eater 

Any plan or organization that will eat-up your debt for you.

Hitting the lottery is the biggest debt eater.

debt eater by skip mull April 23, 2010

debt diet 

You are officially on a debt diet when you repitdly use phrase "Given the state of the economy...." or even simpler "I can't go out, I'm fucking broke."

Your budget constrains you to the essentials: Gas, Food, Weed. You have even backed off the dollar menu, because lets face it, even chicken nuggets are $1.19 at Wendy's now, and they charge for extra bbq sauce.

You have been reduced to eating salad, cold cuts and cereal, and live for free bagel Monday's at work.

Cigs? Forget it, you look for 2nd hand smoke.

You break down everything you do into dollar and cents.

"Hey lets go downtown tonight for drinks"

"What are you nuts!? 5 bucks a beer and 2.70 for a gallon of gas."
"I thought you were losing weight, I didnt know it was because of a debt diet!"

"i totally even forgot that it was Tuesday, no pizza for me tho, i'm spending as little as possible
i'm on debt diet"

"I haven't eaten solids in 2 weeks"
"Thats terrible for you, why"
"Fuck the south beach diet...I'm on the debt diet...CUP OF NOODLES BITCH"

debt diet by Jrockwhc June 2, 2009

Debt Bomb

A woman who gives sexual services and affections but is also encumbered with a lot of debt (student loan debt, credit card debt, etc).

Similar to a gold-digger, but one motivated largely through her debt. These women usually do not reveal their financial situations until late into the relationship, hence the "bomb".

Tom: Are you still seeing Rachel?

Steve: Nah man, she gave good head, but turns out that tramp was a debt bomb. She wanted me to start paying her credit card bills.

Debt Bomb by The Wages Disad April 2, 2011

debt dodger 

A Person who puts off paying their bills.

Ok, so I'm a debt dodger.

debt dodger by Robert Michael Hensel April 17, 2008

debt row 

a place where used cars, trucks, boats, trailers, and other vehicles are parked for private sale--often to clear off debts. Usually a vacant lot or pull off in a high traffic or conspicuous place.

Now that the economy has tanked, there sure are a lot of trucks on debt row.

debt row by cal41 October 26, 2010