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Here We Go Again: US $25 Million Away From Debt Ceiling Breach
ZeroHedge ^ | 01/05/12 | Tyler Durden

Posted on 01/05/2012 1:31:25 PM PST by RobertClark

It's simply amazing how quickly the US managed to hit its debt target, pardon, debt ceiling all over again...And now the Social Security Fund pillaging begins anew until Congress signs off on the latest interim debt ceiling increase.



TOPICS: Business/Economy; Government; Politics
KEYWORDS: debtceiling; federalbudget; governementdebt; governementspending

1 posted on 01/05/2012 1:31:36 PM PST by RobertClark
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To: RobertClark
Refuse to extend again... shutdown the government and go home... it is either that or blood in the streets. We cannot continue to do this insane dance with satan.

LLS

2 posted on 01/05/2012 1:35:41 PM PST by LibLieSlayer (ONWARD CHRISTIAN SOLDIERS!)
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To: LibLieSlayer

Where on Earth does all this money go?


3 posted on 01/05/2012 1:41:53 PM PST by yobid (Si vis pacem, para bellum, If you wish for peace, prepare for war)
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To: RobertClark

Make yourself look like a fool, then bounce him a check, Mr. Boner.


4 posted on 01/05/2012 1:42:00 PM PST by chris37 (Heartless.)
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To: RobertClark

Not raising the debt ceiling = instantly BALANCED BUDGET! This is the easiest way to get a balanced budget. The Congress wouldn’t have to bother negotiating with Senate democrats or veto threats from Dear Leader. The House simply needs to take the approach that we will no longer spend more money than we take in through taxes and revenues. Problem solved. Why is this so difficult?(assuming that the “conservatives” truly mean what they say)

I know I’m dreaming, given how it’s an election year and all, but it would be nice if we had some representatives with a backbone that would do the right thing, even if it means losing their seats.

The media and dems are going to hate the republicans either way. Since they’re going to catch hell, they might as well catch hell for doing the right thing!


5 posted on 01/05/2012 1:43:44 PM PST by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: LibLieSlayer

Got that right LLS


6 posted on 01/05/2012 1:45:05 PM PST by tennmountainman
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To: yobid
obama slush funds... wall street... green energy... eu banks... and back to the dim party.

LLS

7 posted on 01/05/2012 1:45:59 PM PST by LibLieSlayer (ONWARD CHRISTIAN SOLDIERS!)
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To: tennmountainman

Thank you brother!

LLS


8 posted on 01/05/2012 1:47:30 PM PST by LibLieSlayer (ONWARD CHRISTIAN SOLDIERS!)
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To: RobertClark
Only $25 million from the US becoming flat broke. Hell, the Mrs. Obozo could spend that in heartbeat.
9 posted on 01/05/2012 1:47:36 PM PST by drypowder
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To: RobertClark

LOL ,another deadline from “Deadline Barack”


10 posted on 01/05/2012 1:49:41 PM PST by molson209
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To: RobertClark

That’s only 5 Obama family vacations away....


11 posted on 01/05/2012 1:50:00 PM PST by sappy (criminaldems)
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To: RobertClark

If we were only $25 million away from the debt ceiling then we blew past that a couple minutes after the article was written. That number doesn’t sound right.


12 posted on 01/05/2012 1:57:25 PM PST by Pan_Yan
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To: Pan_Yan
If we were only $25 million away from the debt ceiling then we blew past that a couple minutes after the article was written. That number doesn’t sound right.

Spending and borrowing are two different things. Yes, the federal government has likely spent multiples of this amount since the article was written this morning. However, it was pulled from the cash proceeds of recent bond auctions or open market activity by the Fed. We may have a few bucks laying around to spend still, we just can't have a bond auction, lest we shatter the debt limit.

13 posted on 01/05/2012 2:11:22 PM PST by RobertClark ("Governments are instituted among Men, deriving their just powers from the consent of the governed")
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To: LibLieSlayer
Refuse to extend again... shutdown the government and go home... it is either that or blood in the streets. We cannot continue to do this insane dance with satan.

BUMP!

14 posted on 01/05/2012 2:12:27 PM PST by PGalt
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To: RobertClark

“And now the Social Security Fund pillaging begins anew.”

Sorry but it is not beginning anew, it is not pillaging, and their is NO Social Security Fund. Social Security is now what is has always been which is a tax now spend now transfer the wealth Ponzi scheme. You could also call it welfare.

The so called fund is a pile of US Government bonds which can only be redeemed today through today’s taxation. Tomorrow’s redemption will come through tomorrows taxation.

Before the flaming starts let me add: Yes you worked hard, it was most certainly taken from you, I know you were promised, sure the money was wasted, it may be all you have, and if those politicians just would take better control of it, all be o’k.

Social Security is a purely political vote buying scheme that is making more and more people reliant of the US government for their very existence. It could all be ended in one vote if we wished to make it go away.


15 posted on 01/05/2012 2:13:01 PM PST by FreedomNotSafety
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To: LibLieSlayer

Haven’t you heard? obama believes it’s his obligation to do what needs to be done when congress won’t do it. So, congress doesn’t raise the debt limit? No problem. obama ignores them. In fact, he’s been operating without a budget since he took office. Why worry about one now?


16 posted on 01/05/2012 2:28:02 PM PST by Terry Mross (I'll only vote for a second party)
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To: LibLieSlayer

Agreed!


17 posted on 01/05/2012 2:49:42 PM PST by martinidon
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To: LibLieSlayer
Agreed! I think Bozo planned all of this to happen. He snookered the Republicans and the dims have a plan to run on reelection based on the Republicans being obstucntist. They should have never agreed to the first debt ceiling increase.
18 posted on 01/05/2012 2:52:40 PM PST by martinidon
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To: RobertClark

Why not just raise the debt ceiling $10 Trillion? That way, we will only have to put up with the DC Drama Queen act every 5 years, instead of every few months.


19 posted on 01/05/2012 3:03:38 PM PST by FlyVet
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To: Terry Mross
Terry... he has nothing to worry about. I do not know exactly why boehner and mcconnell are spineless cowards that refuse to stand up to... much less confront obama. They are either being bought off... obama has something to extort them with... or as Rush thinks... they think this is just another election and that obama is going to win regardless and they will lose independents if they dare try to run against obama... they only care about their own reelection. They do not see our Republic as being on the cusp of self destruction and they think it is just “business as usual”. I think it is a combination of all of the above. I do not trust one single elected official in America today... not one.

LLS

20 posted on 01/05/2012 3:49:43 PM PST by LibLieSlayer (ONWARD CHRISTIAN SOLDIERS!)
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To: martinidon

Dead on!

LLS


21 posted on 01/05/2012 3:51:08 PM PST by LibLieSlayer (ONWARD CHRISTIAN SOLDIERS!)
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To: KoRn

I think it’s so difficult because the amount of revenue we take in isn’t enough to pay for the costs of Medicare/Medicaid, Social Security and Defense, let alone the rest of the government. If they refuse to raise the limit then Obama has his choice of who to offend and who gets the blame. They literally could have no electricity in the House.


22 posted on 01/05/2012 5:19:50 PM PST by MontaniSemperLiberi (Moutaineers are Always Free)
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To: MontaniSemperLiberi
"They literally could have no electricity in the House."

I'd call that a good start, anyway.

23 posted on 01/05/2012 5:21:14 PM PST by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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