we hit Debt ceiling today

[law87]

http://finance.yahoo.com/blogs/dail...02.html?sec=topStories&pos=main&asset=&ccode=


wow soo...what happen when august 2 comes around and this is not working?

 

[Birchtree]

Simply knock 10% off the monthly payments to the welfare crowd and there wouldn't be such a problem. Also knock off the summer school lunch program that nobody uses and you'd save money - make lazy mom feed her illegitimates.

 

[TSPIntel]

Simply knock 10% off the monthly payments to the welfare crowd and there wouldn't be such a problem. Also knock off the summer school lunch program that nobody uses and you'd save money - make lazy mom feed her illegitimates.

Birchtree: Do not forget to knock ALL the TDY's "Summer Vacations" too. :notrust:

 

[Boghie]

http://finance.yahoo.com/blogs/dail...02.html?sec=topStories&pos=main&asset=&ccode=


wow soo...what happen when august 2 comes around and this is not working?

Not much will happen to most of America...

For us, maybe a lot more...

They will pay the bonds before they pay us. My guess is that contractors will be dumped, products not purchased, and any of the silly Porkulus left unexpended will be returned to the Treasury (that is, not realized).

Expect the Federal government to start shrinking. Rapidlyh. There ain't no money and nobody wants to pay for our services.

 

[Birchtree]

Obama might as well bend over - this is on him.

 

[RealMoneyIssues]

Obama might as well bend over - this is on him.

Nope... they will blame it on Congress, specifically the House and the GOP...

That's just how they roll