Moderators: Moderators, Administrator

Treasury Secretary Tim Geithner: US to Hit Debt Limit by December 31

Joined: November 30th, 2012, 5:55 pm

December 27th, 2012, 8:38 am #1

Treasury Secretary Timothy Geithner warned Wednesday that the U.S. government is poised to hit the $16.4 trillion debt limit in less than a week and said his department has launched a series of emergency steps that gives the government less than two months before it defaults on its debt.

In the midst of deadlocked talks over the looming fiscal crisis, the letter from Geithner marks the start of what could be another drawn-out set of negotiations over the debt limit which last played out over four weeks during the summer of 2011.


Read more:http://www.foxnews.com/politics/2012/12 ... z2GEv8kQks

<center><center>One of the Penalties for Refusing to Participate in Politics<font></font><center>Is That you End Up Being Governed<font></font><center><center>by your Inferiors. - Plato -<font></font><center>
</center></center></center></center></center></center>
Quote
Like
Share

Joined: September 22nd, 2006, 11:43 pm

January 1st, 2013, 6:07 pm #2

Well when the sh!t hits the fan , average people pays it.
Quote
Like
Share

Joined: May 9th, 2003, 11:23 pm

January 2nd, 2013, 1:53 pm #3

Treasury Secretary Timothy Geithner warned Wednesday that the U.S. government is poised to hit the $16.4 trillion debt limit in less than a week and said his department has launched a series of emergency steps that gives the government less than two months before it defaults on its debt.

In the midst of deadlocked talks over the looming fiscal crisis, the letter from Geithner marks the start of what could be another drawn-out set of negotiations over the debt limit which last played out over four weeks during the summer of 2011.


Read more:http://www.foxnews.com/politics/2012/12 ... z2GEv8kQks

<center><center>One of the Penalties for Refusing to Participate in Politics<font></font><center>Is That you End Up Being Governed<font></font><center><center>by your Inferiors. - Plato -<font></font><center>
</center></center></center></center></center></center>
They will be hitting a new debt ceiling every month...lolololollololo. Obama will add another 4 trillion to US debt before the end of his term....lolololollololo. The American government is on drugs.

-------------------------------------------------
Quote
Like
Share