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Treasury says US will hit debt limit in mid-Oct

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14 members have voted

  1. 1. $18 trillion

    • is a nice round number. It would be worse if Romney had won.
    • is totally insane. I am buying more guns/ammo/gold.
    • is not enough. We have to spend more.
      0
    • hurts my brain. I prefer to think about fluffy things.


21 posts in this topic

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What do you mean?

Religions that have meddled in politics (which is the vast majority) are pictured symbolically as a city called Babylon the Great will be stripped of her wealth and be burned. Revelation chapter 18.

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Filed: AOS (apr) Country: Canada
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Religions that have meddled in politics (which is the vast majority) are pictured symbolically as a city called Babylon the Great will be stripped of her wealth and be burned. Revelation chapter 18.

Ah. That's closer to what I thought you meant.

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He seems to believe that the tax exemption for religious organizations is on it's way out. While I'd support that, I say that that is not happening in my lifetime.

Obama would still spend MORE..... and MORE..... ad infinitum.

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies."

Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006



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WASHINGTON (AP) — Treasury Secretary Jacob Lew has told Congress that the government will run out of money to pay its bills in mid-October unless lawmakers raise the country's borrowing limit, which is capped at $16.7 trillion.

Obama says he won't negotiate this time around and says Congress should fund the spending it has previously approved.

http://xfinity.comcast.net/articles/news-finance/20130826/US--Debt.Limit-Treasury/

Seems they did fund the spending they approved genius since the FY 2013 ends Sept 30th and there is no FY 2014 budget.

Call your president and tell him that even though his office writes up a budget he doesn't actually get to approve and pass it all by himself. While you're on the phone let him know that statements like the above really, really make him look like a dumb-a$$ and he should realize he can't manage our country's money for schit

Edited by himher

 

i don't get it.

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