They just can't stop spending. And NO it won't work to correct the wrongs gumpies!!!!!!!!!!!!1
Submitted by Tyler Durden on 09/08/2011 - 17:45 Bond Debt Ceiling Gross Domestic Product headlines Obama Administration
It is hard to believe that the last time the US had breached its debt ceiling was a whopping one month ago. Courtesy of much toil, tears and televized theater (not to mention fake compromises), the Obama administration managed to get an accordion-feature extension of the debt-ceiling-cum-target, whereby it is currently at $14.694 trillion, and can be extended in $500 billion increments, for a total of $1.5 trillion provided congress and senate do not vote down such an expansion. The reason we bring this up is because as the data below demonstrates, the US Treasury will breach its brand new debt ceiling... on Monday.
Comments: 102
Reads: 8,789
http://www.zerohedge.com/news/here-we-go-again-us-breach-transitory-debt-ceiling-monday
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 