Page 1 of 6 123 ... LastLast
Results 1 to 10 of 58

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

  1. #1
    Mandate 4 me, Tax 4 thee jackalope's Avatar
    Joined
    Jan 2010
    Posts
    35,443
    Thanks
    3615

    From
    Maine

    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.

  2. #2
    Stomping RW Trolls Shanty's Avatar
    Joined
    Oct 2010
    Posts
    21,839
    Thanks
    4040

    From
    America's Fighting City and Cradle of Liberty
    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.

  3. #3
    Mandate 4 me, Tax 4 thee jackalope's Avatar
    Joined
    Jan 2010
    Posts
    35,443
    Thanks
    3615

    From
    Maine
    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?

  4. #4
    Stomping RW Trolls Shanty's Avatar
    Joined
    Oct 2010
    Posts
    21,839
    Thanks
    4040

    From
    America's Fighting City and Cradle of Liberty

  5. #5
    Mandate 4 me, Tax 4 thee jackalope's Avatar
    Joined
    Jan 2010
    Posts
    35,443
    Thanks
    3615

    From
    Maine
    OooooOOOOOOOOOoooooooo ..... I remember that option being floated last go around. I thought it was brilliant!

  6. #6
    Stomping RW Trolls Shanty's Avatar
    Joined
    Oct 2010
    Posts
    21,839
    Thanks
    4040

    From
    America's Fighting City and Cradle of Liberty
    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.

  7. #7
    Senior Member Canada - Geography game Champion, Geography Champion mtm1963's Avatar
    Joined
    Jul 2011
    Posts
    20,194
    Thanks
    1870

    From
    Tennessee
    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!!

  8. #8
    Stomping RW Trolls Shanty's Avatar
    Joined
    Oct 2010
    Posts
    21,839
    Thanks
    4040

    From
    America's Fighting City and Cradle of Liberty
    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...

  9. #9
    Senior Member Canada - Geography game Champion, Geography Champion mtm1963's Avatar
    Joined
    Jul 2011
    Posts
    20,194
    Thanks
    1870

    From
    Tennessee
    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.

  10. #10
    Mandate 4 me, Tax 4 thee jackalope's Avatar
    Joined
    Jan 2010
    Posts
    35,443
    Thanks
    3615

    From
    Maine
    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.

Page 1 of 6 123 ... LastLast

Tags for this Thread


Facebook Twitter RSS Feed