The debt ceiling crisis is 'pathetic' as government revenue is near a record high, top economist David Rosenberg says

• The US debt ceiling crisis is "pathetic" considering how high government revenue is, David Rosenberg said.
• Federal revenue grew 21% to $4.9 trillion last year, the largest increase in 50 years, the CBO said.
• That comes as the US debt default deadline could arrive as soon as early June.

The debt ceiling crisis is "pathetic," considering that government revenue is near a record high, according to top economist David Rosenberg.

"Pathetic that the US could be facing a debt ceiling crisis as Uncle Sam's revenue stream ballooned to $5tn, almost doubling in the past decade to 19.6% of GDP - a near record-high ratio post-WWII & compared to the 50-year average of just over 17%," he said in a tweet on Friday.