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Pelosi Predicts: $2.4 Trillion Added to Federal Credit-Card Limit Will Last Only 18 Months
CNSNews.com ^ | Tuesday, August 02, 2011 | Terence P. Jeffrey

Posted on 08/03/2011 7:01:36 AM PDT by Dubya-M-DeesWent2SyriaStupid!

(CNSNews.com) - House Minority Leader Nancy Pelosi (D.-Calif.) is predicting that the $2.4 trillion that Congress has now added to the limit on the federal credit card--by increasing the legal debt limit--will be exhausted by the Treasury in only 18 months.

(Excerpt) Read more at cnsnews.com ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News
KEYWORDS: 24tril; congress; debtceiling; debtlimit; democrats; gone; gopfailed; insane; insanity; is; liberalfascism; obama; pelosi; socialistdemocrats; spendocrats; supportteaparty
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1 posted on 08/03/2011 7:01:41 AM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Dubya-M-DeesWent2SyriaStupid!

The nation might be better off if it only lasted until Sept. 1,2012


2 posted on 08/03/2011 7:04:03 AM PDT by Roccus (Obama & Holder LLP, Procurers of fine arms to the most discerning drug lords (202) 456-1414)
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To: Dubya-M-DeesWent2SyriaStupid!

In a just world congressional heads would roll for what they are intentionally doing to the standard of living of Americans in the private sector.


3 posted on 08/03/2011 7:04:44 AM PDT by skeeter
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To: All

And Obama wants to raise taxes

http://www.cnsnews.com/news/article/obama-next-debt-limit-deal-must-include

And we’re terrorists?


4 posted on 08/03/2011 7:06:06 AM PDT by Dubya-M-DeesWent2SyriaStupid! (It is possible to both promote Palin and support Bachmann at the same time, ya know.)
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To: Dubya-M-DeesWent2SyriaStupid!

That’s right; with all the handouts to buy votes, and for Unions to funnel back to the DNC after receiving taxpayer money as a “bailout”, we’ll soon run out of borrowed money AGAIN.....until we stop paying off constituencies with the earnings of others.


5 posted on 08/03/2011 7:06:47 AM PDT by traditional1 ("Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: Dubya-M-DeesWent2SyriaStupid!

She already has her shopping list written.


6 posted on 08/03/2011 7:07:12 AM PDT by clove (God, Family and Country, the truth will live!)
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To: Dubya-M-DeesWent2SyriaStupid!
Small pie-in-the-sky anticipated cuts in the budget plotted out over a 10 year period.
plus
Immediate, multi-trillion dollar lines of credit projected to last little more than 1 year.

This town needs a better class of criminal.

7 posted on 08/03/2011 7:07:24 AM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
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To: Dubya-M-DeesWent2SyriaStupid!

The $2.4 Trillion is BO’s “walkin’ around money,” to pay off the Democrat base for the 2012 elections, provided so graciously by the GOP stooges. They are too stupid to lead.


8 posted on 08/03/2011 7:07:56 AM PDT by kittymyrib
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To: skeeter

Here is the evidence of insanity in video.

http://www.youtube.com/watch?v=s6vzLLQYWNA&feature=player_embedded


9 posted on 08/03/2011 7:09:41 AM PDT by Dubya-M-DeesWent2SyriaStupid! (It is possible to both promote Palin and support Bachmann at the same time, ya know.)
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To: Dubya-M-DeesWent2SyriaStupid!
Huh, I believe that was the plan Nancy? Remember the e-l-e-c-t-i-o-n? The number was based on going past the e-l-e-c-t-i-o-n. Yeah, you are in the congress. Remember?
10 posted on 08/03/2011 7:11:26 AM PDT by throwback ( The object of opening the mind, as of opening the mouth, is to shut it again on something solid)
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To: kittymyrib
If, as Pelosi anticipates, the $2.4 trillion in new borrowing authority were to last only 18 months that would mean that the Treasury had increased the national debt by approximately $133.33 billion per month during that period.

At that rate, the Treasury would be acquiring new debt almost as quickly as it did in fiscal 2010—the last completed fiscal year—and more than 50 percent faster than in fiscal 2008, the last full fiscal year in which George W. Bush was president.

11 posted on 08/03/2011 7:13:28 AM PDT by Dubya-M-DeesWent2SyriaStupid! (It is possible to both promote Palin and support Bachmann at the same time, ya know.)
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To: Roccus
The nation might be better off if it only lasted until Sept. 1,2012

It will all be spent by June 2012. Remember, this estimate was based on the economy actually growing. This estimate assumed that we were out of the "recession".

12 posted on 08/03/2011 7:14:20 AM PDT by P-Marlowe (LPFOKETT GAHCOEEP-w/o*)
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To: Dubya-M-DeesWent2SyriaStupid!

Her estimate is probably short by 17 months.


13 posted on 08/03/2011 7:14:52 AM PDT by sport
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To: Roccus

If we enter a double dip recession, it may very well only last until September 2012.


14 posted on 08/03/2011 7:15:05 AM PDT by kabar
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To: throwback

Exactly I want to joke or say you can’t make this crap up but it is too insanely serious.


15 posted on 08/03/2011 7:15:59 AM PDT by Dubya-M-DeesWent2SyriaStupid! (It is possible to both promote Palin and support Bachmann at the same time, ya know.)
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To: Dubya-M-DeesWent2SyriaStupid!

Keep fer later


16 posted on 08/03/2011 7:16:49 AM PDT by vanilla swirl (We are the Patrick Henry we have been waiting for!)
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To: kabar

I realize that by the technical definition, we are out of the recession, but it’s real world effects never ended and will only worsen. (jmho)


17 posted on 08/03/2011 7:18:29 AM PDT by Roccus (Obama & Holder LLP, Procurers of fine arms to the most discerning drug lords (202) 456-1414)
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To: Dubya-M-DeesWent2SyriaStupid!
Here's what Democrats have done with our tax money to buy votes:

http://www.youtube.com/watch?v=J7XA2UUpXRk

18 posted on 08/03/2011 7:18:30 AM PDT by traditional1 ("Don't gotsta worry 'bout no mo'gage, don't gotsta worry 'bout no gas; Obama gonna take care o' me!)
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To: Dubya-M-DeesWent2SyriaStupid!
“..will be exhausted by the Treasury in only 18 months. “

well dahling, that why you must slash spending like a sharp machete going through a cane field. Do you hear us??

19 posted on 08/03/2011 7:18:34 AM PDT by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: Dubya-M-DeesWent2SyriaStupid!

“....we needed the full time, the 18 months so that we can have the Americans’ kitchen table, people sitting around that table and sitting around the boardroom table, would all know that you can rely on the United States of America to meet its obligations. Okay?”.....WTF is she talking about?

EARTH TO NANCY!.....HELLO?


20 posted on 08/03/2011 7:18:37 AM PDT by AngelesCrestHighway
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To: Dubya-M-DeesWent2SyriaStupid!

I can’t watch.


21 posted on 08/03/2011 7:19:59 AM PDT by skeeter
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To: AngelesCrestHighway

She sounds like she is medicated.


22 posted on 08/03/2011 7:20:46 AM PDT by Dubya-M-DeesWent2SyriaStupid! (It is possible to both promote Palin and support Bachmann at the same time, ya know.)
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To: skeeter

Where are the 400,000 Jobs Pelosi promised ObamaCare would create?

http://answers.yahoo.com/question/index?qid=20110604151802AA8WyQQ


23 posted on 08/03/2011 7:22:32 AM PDT by Dubya-M-DeesWent2SyriaStupid! (It is possible to both promote Palin and support Bachmann at the same time, ya know.)
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To: Dubya-M-DeesWent2SyriaStupid!
She is probably right, but I think the gov't will spend it even faster.
Government raising the government debt ceiling is like an alcoholic going on one more drinking binge, but TOMORROW I'll go cold turkey. Promise.
We all know how it will turn out.
We will go through the same thing again in 18 months, if not sooner.

24 posted on 08/03/2011 7:22:32 AM PDT by BitWielder1 (Corporate Profits are better than Government Waste)
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To: Dubya-M-DeesWent2SyriaStupid!
Where is the <8% unemployment rate they promised if congress would only pass QE2?

DC and the MSM are completely out of control.

25 posted on 08/03/2011 7:24:20 AM PDT by skeeter
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To: Dubya-M-DeesWent2SyriaStupid!
"House Minority Leader Nancy Pelosi (D.-Calif.) is predicting ... "

Has she ever been right predicting anything?

Based of prior experience she should be off by about 50% -- so we should be right back here about this time next year.

26 posted on 08/03/2011 7:24:31 AM PDT by Sooth2222 ("Suppose you were an idiot. And suppose you were a member of congress. But I repeat myself." M.Twain)
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To: Dubya-M-DeesWent2SyriaStupid!
We have to have 18 months so that people sitting on a kitchen table all know that America doesn't bail on it's debts.

Yeah. We gotta have 18 months, and also, the 50/50 split.

Does she have any idea what she's saying?

27 posted on 08/03/2011 7:27:55 AM PDT by Lazamataz (America. Great idea. Couldn't last.)
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To: Dubya-M-DeesWent2SyriaStupid!
We have to have 18 months so that people sitting on a kitchen table all know that America doesn't bail on it's debts.

Yeah. We gotta have 18 months, and also, the 50/50 split.

Does she have any idea what she's saying?

28 posted on 08/03/2011 7:28:02 AM PDT by Lazamataz (America. Great idea. Couldn't last.)
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To: Roccus
Pelosi Predicts: $2.4 Trillion Added to Federal Credit-Card Limit Will Last Only 18 Months

It'll be gone long before then.

29 posted on 08/03/2011 7:28:16 AM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: traditional1

Holy crap.


30 posted on 08/03/2011 7:29:28 AM PDT by Dubya-M-DeesWent2SyriaStupid! (It is possible to both promote Palin and support Bachmann at the same time, ya know.)
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To: kittymyrib
You are so right. The country club republican party is such a joke! I think that everyone that voted for the debt ceiling increase should automatically contribute 50% of their net worth to the cause of the increase, just for starters. If it were really THEIR money the increase wouldn't got a single vote!
Didn't I just read an article that the net worth of our politicians had gone up some 366%? Why do they care what happens to the WORKING families?
31 posted on 08/03/2011 7:30:25 AM PDT by parthian shot
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To: Dubya-M-DeesWent2SyriaStupid!

No problem, boner and the republican leadership, are writing an increase.


32 posted on 08/03/2011 7:33:29 AM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
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To: P-Marlowe

Given 1% growth and the subsequent need for another debt ceiling crisis in June 2012, I predict a bloody fiscal fight just before the elections. Did Boehner secretly calculate this? No way. But this will be very interesting if it happens.


33 posted on 08/03/2011 7:34:23 AM PDT by RadiationRomeo (Step into my mind and glimpse the madness that is me)
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To: Dubya-M-DeesWent2SyriaStupid!

That’s okay Nancy. Don’t worry your pretty little head about it. 18 months from now is Feb, 2013. Sarah Palin will be President then I’m sure she has a plan. Pray that she doesn’t have a plan for you also.


34 posted on 08/03/2011 7:35:17 AM PDT by upchuck (ANY plan that spreads cuts over 10 years is a canard. Cut NOW, not in ten years. 1% plan is a winner)
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To: parthian shot
Woops...”would not have gotten a single vote.”

No one could make me believe that a single politician gives a rip about me, unless I am not paying my taxes!!

35 posted on 08/03/2011 7:35:44 AM PDT by parthian shot
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To: Dubya-M-DeesWent2SyriaStupid!
What Nancy is not thinking about "IS"..

After Nov. 2012 THEN... we can start eliminating many federal bureaucracies.. which will make much more money available for the other federal agencies.. less taxation will be needed(eventually)..

AND... massive fraud by citizens and contractors can be plugged up..
When the federal government becomes much SMALLER.. less money will needed to run it..
Start by eliminating much of what Obama and George Bush did to increase the federal government... and reduce the size of other agencys..

Changing whole amendments(annulling) to the Constitution may have to wait for 2016..

36 posted on 08/03/2011 7:36:49 AM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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To: upchuck

Long enough so that it WILL NOT be an issue for the 2012 elections.

WHAT WERE THE MORONS IN THE REPUBLICAN PARTY THINKING???


37 posted on 08/03/2011 7:37:02 AM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: hosepipe

Oh!... and AUDIT the damned federal reserve...


38 posted on 08/03/2011 7:37:58 AM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole...)
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To: AngelesCrestHighway
Okay?”.....WTF is she talking about? EARTH TO NANCY!.....HELLO?

I believe Pelosi has lost it, if indeed she ever had it, economically speaking.

39 posted on 08/03/2011 7:40:42 AM PDT by Rummyfan (Iraq: it's not about Iraq anymore, it's about the USA!)
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To: AngelesCrestHighway

The Video Congress Does Not Want You To See
http://www.youtube.com/watch?v=G96TY5JsV-s&feature=player_embedded

Special Interests...EXPOSED!!!
http://www.youtube.com/watch?v=xOAgT8L_BqQ&feature=player_embedded

The Coming Interest Armageddon
http://www.youtube.com/watch?v=MdbqjiIiQLQ&feature=player_embedded

Brother, Can You Spare A Trillion?:
http://www.youtube.com/watch?v=VtVbUmcQSuk&feature=player_embedded

http://governmentgonewild.org/


40 posted on 08/03/2011 7:42:14 AM PDT by Dubya-M-DeesWent2SyriaStupid! (It is possible to both promote Palin and support Bachmann at the same time, ya know.)
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To: Dubya-M-DeesWent2SyriaStupid!
That'll put us near 115% debt/GDP. Only 5% more, and we, too, can be like the PIIGS of Europe.

Japan is getting away with over 200%, so maybe we can blast through the 120% barrier, and go for the gold.

41 posted on 08/03/2011 7:42:18 AM PDT by FlyVet
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To: org.whodat

Why is Obama such a great fund raiser? Give me 3 or 4 trillion dollars to distribute and I will show you a great fund raiser. In spite of all the rhetoric, a large amount of this money will go to the super wealthy. These multimillionaires do not make campaign contributions out of idealism. They expect a material return on their money. The Republicans have just financed their defeat in the next election.


42 posted on 08/03/2011 7:46:54 AM PDT by Vehmgericht
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To: Dubya-M-DeesWent2SyriaStupid!
She sounds like she is medicated.

Her twitching makes me think Tourettes Syndrome.
43 posted on 08/03/2011 8:13:16 AM PDT by crosshairs (If Sharia Law becomes the law of the land, heads are gonna roll.)
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To: Roccus
The nation might be better off if it only lasted until Sept. 1,2012

Actually, if our credit rating goes low enough so that interest costs increase, that - or even sooner - could be the reality. And that, in an election year, would be absolutely fantastic!

44 posted on 08/03/2011 8:14:05 AM PDT by Real Cynic No More (The mighty zero, obama,does not warrant the respect necessary for his name to be capitalized.)
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To: Roccus

I guess her solution is to double it now.


45 posted on 08/03/2011 8:19:21 AM PDT by Mouton (Voting is an opiate of the electorate. Nothing changes no matter who wins..)
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To: Dubya-M-DeesWent2SyriaStupid!

She’s suffering from irrational exuberance. At the rate Obama spends it’s unlikely to last till this time next year.


46 posted on 08/03/2011 8:20:03 AM PDT by Fantasywriter
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To: Real Cynic No More
Actually, if our credit rating goes low enough so that interest costs increase, that - or even sooner - could be the reality.

Or, if we try to sell a load of T-Bills and there are no buyers. Ben steps in and "buys" them. Etc. We're one big failed treasury auction away from entering the death spiral of inflation and high interest I'm afraid.

47 posted on 08/03/2011 8:25:30 AM PDT by IamConservative (Do peeps that drive Smart Cars on freeways have a death wish? If not, they better have spare undies.)
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To: RadiationRomeo
Given 1% growth and the subsequent need for another debt ceiling crisis in June 2012, I predict a bloody fiscal fight just before the elections.

The GOP needs to start shaping the battlefield of the debate RIGHT NOW so that we are not again put into a position where Obama, at the last minute, is using Grandma as a human shield and claiming that she will be be left without income and without medical care unless the GOP averts default by increasing the debt limit yet again.

Since no preparation had been done prior to the last fight, the GOP would have been blamed for the disaster of default because the large majority of Americans would have gotten their talking points from the liberal media.

We have 18 months to preach, day by day by day, that the next crisis crisis that will come in 18 months is the result of the reckless, uncontrolled spending of Barack Obama.

48 posted on 08/03/2011 8:29:09 AM PDT by Polybius
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To: crosshairs

I don’t think even tourettes is an excuse for the words out of her mouth. If this were a non democratic person the media would be all over the STABILITY of Pelosi. It is like she is nuts or in withdrawals. She has no reality.


49 posted on 08/03/2011 8:33:45 AM PDT by Dubya-M-DeesWent2SyriaStupid! (It is possible to both promote Palin and support Bachmann at the same time, ya know.)
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To: Polybius

That is a broken record that is old. Granny being pushed off the cliff in a wheelchair did not work and the GOP merged with the lunacy in a feel good Giffords moment. Even DeMint warned us we were being duped.


50 posted on 08/03/2011 8:36:49 AM PDT by Dubya-M-DeesWent2SyriaStupid! (It is possible to both promote Palin and support Bachmann at the same time, ya know.)
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