It's official- we've hit the Debt Ceiling

[James48843]

So much for hanging on to your G fund- they're going to be putting IOU's in it now-

[h=1]U.S. officially hits debt ceiling[/h] [h=3]By Felicia Sonmez , Updated: December 31, 2012[/h]

As promised, Treasury Secretary Timothy Geithner on Monday night formally notified Congress that the United States has reached its $16.4 trillion debt ceiling.
In a letter to lawmakers, Geithner wrote that the government will take extraordinary measures to extend the deadline by which Congress must act to raise the borrowing limit. The Treasury Department noted earlier this month that while the roughly $200 billion in additional headroom would ordinarily last about two months, the uncertainty surrounding taxes and spending policies as a result of the fiscal cliff talks means it’s currently not possible to calculate the actual deadline.
Read Geithner’s letter here.

from the Washington Post.
U.S. officially hits debt ceiling

 

[RealMoneyIssues]

Don't worry, they will start printing more money in a week or two...

 

[Check]

Uncetainly is not good for the markets. Do you think that this would affect the I fund. Indicators suggest that the I fund will be good for 2013? What do you think? I am currently 90% in G fund and 10% in 2020 fund.

 

[Check]

I am currenly 90% in G and 10% in the 2020 fund. I hear that the I fund may be good for 2013, what do you think?