Treasury Says Anything But A Debt Ceiling Hike Would Lead To Default, As M.A.D. Escalates A Notch

Zero Hedge ^ | 01/21/2011 | Tyler Durden

[Rocky]

Oh. Back to the cold war. Thanks.

[Sir Francis Dashwood]

That is perfect.

[PapaBear3625]

A private citizen faced with a cash flow shortfall would cut expenses, scrounge for misplaced resources and have a garage sale. What could the fed sell on a garage sale? Let's see, oil leases, mining leases, timber leases, land, buildings, surplus materials and so on and so on... Why should the only things government sells be their votes, their souls and the American people down the river?

The Republican-controlled house, by it's power over the debt ceiling, has the potential power to make Obama do whatever they want.

Their willingness to use that power will be seen as the measure of their seriousness.

Don't raise the debt ceiling. Just pass a budget that lives within the debt ceiling.

[SaraJohnson]

These tax payer shake down artists aka, bansters like Geithner, need to go to prison. They should not threaten our country with a crash if we don’t meet their demands. Enough of that nonsense.

I still want to know who was doing the electronic run on our banks during the last election which led to TARP. I want to know who did it and why.