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Thread: Geithner: U.S. To Hit Debt Limit December 31 IGOR BOBIC 4:30 PM EST, WEDNESDAY DECEM

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    Miss Mock Out jackalope's Avatar
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    Geithner: U.S. To Hit Debt Limit December 31 IGOR BOBIC 4:30 PM EST, WEDNESDAY DECEM

    Geithner: U.S. To Hit Debt Limit December 31

    IGOR BOBIC 4:30 PM EST, WEDNESDAY DECEMBER 26, 2012

    The United States will reach the statutory debt ceiling on December 31, 2012, Treasury Secretary Tim Geithner announced in a letter to Congress on Wedneday. The federal government will then begin taking a series of "extraordinary measures" as authorized by law to postpone a default on its debt, creating an additional $200 billion in headroom in order to provide Congress with the necessary time to raise the ceiling once more.

    more:
    http://livewire.talkingpointsmemo.com/entry/geithner-us-to-hit-debt-limit-december-31?ref=fpb

    And the tea party backed, or just scared shitless, Republicans in Congress think they are voting for spending, by voting to pay for what they already spent. They somehow don't understand that paying for what you've spent is what grownups do. Pitching a fit and tossing the bill in the trash is what immature idiots do.

    This country is getting stupider and stupider.

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    I really want Obama to do the Seignorage option weeks before the debt ceiling ends. It'll eff up every right wing nut in congress and the Senate by doing an end run around them.

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    Miss Mock Out jackalope's Avatar
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    Quote Originally Posted by Shanty View Post
    I really want Obama to do the Seignorage option weeks before the debt ceiling ends. It'll eff up every right wing nut in congress and the Senate by doing an end run around them.

    What's the Seignorage option, Shanty?

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    Miss Mock Out jackalope's Avatar
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    OooooOOOOOOOOOoooooooo ..... I remember that option being floated last go around. I thought it was brilliant!

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    There are some arguments saying its not possible, but I think those are generally partisans worried about being able to use the debt ceiling against Democratic Presidents.

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    Veteran Member Canada - Geography game Champion, Geography Champion mtm1963's Avatar
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    Quote Originally Posted by jackalope View Post
    And the tea party backed, or just scared shitless, Republicans in Congress think they are voting for spending, by voting to pay for what they already spent. They somehow don't understand that paying for what you've spent is what grownups do. Pitching a fit and tossing the bill in the trash is what immature idiots do.

    This country is getting stupider and stupider.
    isn't this convenient.

    the games this administration plays and how the media plays along. disgusting!!

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    Quote Originally Posted by mtm1963 View Post
    isn't this convenient.

    the games this administration plays and how the media plays along. disgusting!!
    How the media goes along with the hype the right wing loonies are pushing...

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    Veteran Member Canada - Geography game Champion, Geography Champion mtm1963's Avatar
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    Quote Originally Posted by Shanty View Post
    How the media goes along with the hype the right wing loonies are pushing...
    that would be fox news.

    the rest of the MSM seems to push the democrats agenda.

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    Quote Originally Posted by mtm1963 View Post
    isn't this convenient.

    the games this administration plays and how the media plays along. disgusting!!

    Messing around with the debt ceiling is the game, mtm. You pay for what you spent. You don't throw tantrums.

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