Skip to comments.U.S. to hit debt limit before election day
Posted on 02/17/2012 7:06:02 AM PST by C19fan
he United States Department of Treasury will reach the the statutory limit it is allowed to borrow money before election day, according to a new study by Sen. Rob Portman, R-Ohio., former director of the U.S. Office of Management and Budget.
Following the contentious debt ceiling last August, President Obama promised that he would take action to address the countrys fiscal crisis. He has failed to do that," Portman said. "In fact, his new budget increases spending and projects that Washington will be hitting the debt ceiling again in mid-October burning through a $2.1 trillion debt limit increase in just over 14 months."
(Excerpt) Read more at campaign2012.washingtonexaminer.com ...
Obama would love it. "GOP threatens government shutdown" would blare the headlines and Boehner would cry a little on camera and then the GOP will reach across the aisle for the greater good and go back to sleep. Barf.
Socialism always fails, always.
Yeah? Well, it seems to have a good foothold right here, right now...
Perhaps by "fail" you mean the same way some kind of virus - where it invades the host, bleeds it dry and then the host dies... but of course the virus dies (fails) as well.
This may be a good analogy of America and the "takers" whose numbers have grown to critical mass and we few antibodies are quickly becoming overwhelmed.
Republican’s Maginot Line
It’s impossible for me to believe that they are not doing this intentionally. In his mind and the left’s mind he is accomplishing great things in office bringing down capitalism and the concept of American exceptionalism.
The Dems will threaten another "government shutdown" and the Vichy Republicans will wimper and cower and then give the Dems what they want all the while telling us it is "best for the country".
These cowards can stop this collapse and probable national crackup, but they won't. Ultimately, a lot of unneccesary American blood will be on their hands as well as those of the Democrats.
Obama faces another downgrade around election time, priceless.
If 0bama somehow doesn't get re-elected, he will just go take his fortune somewhere else and play golf. Maybe live at George Soro's pad. He could care less.