National Debt Limit Reached - PowerStrokeNation : Ford Powerstroke Diesel Forum
 
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post #1 of 7 (permalink) Old 05-16-2011, 08:35 PM Thread Starter
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National Debt Limit Reached

NJ: With debt limit reached, tensions rise first in Washington - Politics - More politics - msnbc.com

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On Monday morning the Treasury Department auctioned off the last legally permissible U.S. government debt to the public. A $14,294,000,000,000 cap on borrowing is firmly in place, starting the clock toward potential default and turning up the heat on simmering fiscal negotiations in Washington.
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The Treasury Department will begin a series of “extraordinary” accounting measures designed to delay until Aug. 2 the messy clash between the spending priorities enacted by Congress and its refusal, so far, to allow them to be financed; without borrowing, the country would need to cut approximately $125 billion in spending each month.

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post #2 of 7 (permalink) Old 05-16-2011, 09:46 PM
All done now
 
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Re: National Debt Limit Reached

U.S. going thru Chapter 11. Hope we don't get some up and coming country try a hostile takeover.




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post #3 of 7 (permalink) Old 05-16-2011, 10:15 PM
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Re: National Debt Limit Reached

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Originally Posted by Arisley View Post
U.S. going thru Chapter 11. Hope we don't get some up and coming country try a hostile takeover.
But nothing will change. They will just be in the background.



Sorry I couldn't resist....continue.


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post #4 of 7 (permalink) Old 05-17-2011, 01:31 AM
blame the dog..
 
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Re: National Debt Limit Reached

Nicaragua...

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post #5 of 7 (permalink) Old 05-17-2011, 03:30 AM
<<< THE GAUGE WHORE...
 
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Re: National Debt Limit Reached

Quote:
Originally Posted by !!!PainTrain!!! View Post
But nothing will change. They will just be in the background.



Sorry I couldn't resist....continue.
Just need to log in... If your logged in they will not see them...

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post #6 of 7 (permalink) Old 05-17-2011, 03:32 AM
<<< THE GAUGE WHORE...
 
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Re: National Debt Limit Reached


Nothing will change until they CANT raise it... When no one will buy our debit.

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post #7 of 7 (permalink) Old 05-17-2011, 03:39 AM
Yeah, it's like that
 
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Re: National Debt Limit Reached

Did Uncle Sam's Credit Card get cut up? Don't worry, he has more coming in the mail.

Entrepreneurs and their small enterprises are responsible for almost all the economic growth in the United States.
Ronald Reagan
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