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Treasury Puts a Date on When Cash May Run Out: Oct. 17
New York Times ^ | 09/25/2013 | Annie Lowrey

Posted on 09/25/2013 10:56:36 AM PDT by SeekAndFind

Edited on 09/25/2013 11:02:19 AM PDT by Admin Moderator. [history]

WASHINGTON The Treasury will only have $30 billion of cash on hand by mid-October, putting the United States on the precipice of an unprecedented default, the department said on Wednesday.

The warning puts additional pressure on a hamstrung Congress, which is already struggling to prevent the federal government from shutting down over a budget impasse on Oct. 1.


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


TOPICS: Business/Economy; Constitution/Conservatism; Front Page News; Government
KEYWORDS: debtceiling; default; spending; treasury

1 posted on 09/25/2013 10:56:36 AM PDT by SeekAndFind
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To: SeekAndFind

MAKE DC LISTEN: TELL YOUR SENATORS !

State Senator Party Phone
AK Mark Begich D (202) 224-3004
AK Lisa Murkowski R (202) 224-6665
AL Jeff Sessions R (202) 224-4124
AL Richard C. Shelby R (202) 224-5744
AR John Boozman R (202) 224-4843
AR Mark L. Pryor D (202) 224-2353
AZ Jeff Flake R (202) 224-4521
AZ John McCain R (202) 224-2235
CA Barbara Boxer D (202) 224-3553
CA Dianne Feinstein D (202) 224-3841
CO Michael F. Bennet D (202) 224-5852
CO Mark Udall D (202) 224-5941
CT Richard Blumenthal D (202) 224-2823
CT Christopher Murphy D (202) 224-4041
DE Thomas R. Carper D (202) 224-2441
DE Christopher A. Coons D (202) 224-5042
FL Bill Nelson D (202) 224-5274
FL Marco Rubio R (202) 224-3041
GA Saxby Chambliss R (202) 224-3521
GA Johnny Isakson R (202) 224-3643
HI Mazie K. Hirono D (202) 224-6361
HI Brian Schatz D (202) 224-3934
IA Chuck Grassley R (202) 224-3744
IA Tom Harkin D (202) 224-3254
ID Mike Crapo R (202) 224-6142
ID James E. Risch R (202) 224-2752
IL Richard J. Durbin D (202) 224-2152
IL Mark Kirk R (202) 224-2854
IN Daniel Coats R (202) 224-5623
IN Joe Donnelly D (202) 224-4814
KS Jerry Moran R (202) 224-6521
KS Pat Roberts R (202) 224-4774
KY Mitch McConnell R (202) 224-2541
KY Rand Paul R (202) 224-4343
LA Mary L. Landrieu D (202) 224-5824
LA David Vitter R (202) 224-4623
MA Edward Markey D (202) 224-2742
MA Elizabeth Warren D (202) 224-4543
MD Benjamin L. Cardin D (202) 224-4524
MD Barbara A. Mikulski D (202) 224-4654
ME Susan M. Collins R (202) 224-2523
ME Angus S. King I (202) 224-5344
MI Carl Levin D (202) 224-6221
MI Debbie Stabenow D (202) 224-4822
MN Al Franken D (202) 224-5641
MN Amy Klobuchar D (202) 224-3244
MO Roy Blunt R (202) 224-5721
MO Claire McCaskill D (202) 224-6154
MS Thad Cochran R (202) 224-5054
MS Roger F. Wicker R (202) 224-6253
MT Max Baucus D (202) 224-2651
MT Jon Tester D (202) 224-2644
NC Richard Burr R (202) 224-3154
NC Kay R. Hagan D (202) 224-6342
ND Heidi Heitkamp D (202) 224-2043
ND John Hoeven R (202) 224-2551
NE Deb Fischer R (202) 224-6551
NE Mike Johanns R (202) 224-4224
NH Kelly Ayotte R (202) 224-3324
NH Jeanne Shaheen D (202) 224-2841
NJ Jeff Chiesa R (202) 224-3224
NJ Robert Menendez D (202) 224-4744
NM Martin Heinrich D (202) 224-5521
NM Tom Udall D (202) 224-6621
NV Dean Heller R (202) 224-6244
NV Harry Reid D (202) 224-3542
NY Kirsten E. Gillibrand D (202) 224-4451
NY Charles E. Schumer D (202) 224-6542
OH Sherrod Brown D (202) 224-2315
OH Rob Portman R (202) 224-3353
OK Tom Coburn R (202) 224-5754
OK James M. Inhofe R (202) 224-4721
OR Jeff Merkley D (202) 224-3753
OR Ron Wyden D (202) 224-5244
PA Robert P. Casey D (202) 224-6324
PA Patrick J. Toomey R (202) 224-4254
RI Jack Reed D (202) 224-4642
RI Sheldon Whitehouse D (202) 224-2921
SC Lindsey Graham R (202) 224-5972
SC Tim Scott R (202) 224-6121
SD Tim Johnson D (202) 224-5842
SD John Thune R (202) 224-2321
TN Lamar Alexander R (202) 224-4944
TN Bob Corker R (202) 224-3344
TX John Cornyn R (202) 224-2934
UT Orrin G. Hatch R (202) 224-5251
UT Mike Lee R (202) 224-5444
VA Tim Kaine D (202) 224-4024
VA Mark R. Warner D (202) 224-2023
VT Patrick J. Leahy D (202) 224-4242
VT Bernard Sanders I (202) 224-5141
WA Maria Cantwell D (202) 224-3441
WA Patty Murray D (202) 224-2621
WI Tammy Baldwin D (202) 224-5653
WI Ron Johnson R (202) 224-5323
WV Joe Manchin D (202) 224-3954
WV John D. Rockefeller D (202) 224-6472
WY John Barrasso R (202) 224-6441
WY Michael B. Enzi R (202) 224-3424

- See more at: http://tedcruzforsenate.org/tell-your-senators-to-oppose-cloture-on-h-j-res-59/#sthash.CvqYzXvd.dpuf


2 posted on 09/25/2013 10:58:21 AM PDT by Graewoulf (Traitor John Roberts' Commune-Style Obama'care' violates U.S. Constitution AND Anti-Trust Law.)
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To: SeekAndFind

Oh, the drama!


3 posted on 09/25/2013 10:58:52 AM PDT by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: SeekAndFind

Cloward & Piven, the goal.


4 posted on 09/25/2013 11:01:13 AM PDT by CivilWarBrewing
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To: SeekAndFind

The portion of the federal debt subject to the legal limit set by Congress first hit $16,699,396,000,000.00 at the close of business on May 17. At the close of every business day since then, it has also been $16,699,396,000,000.00.


5 posted on 09/25/2013 11:01:26 AM PDT by Excellence (All your database are belong to us.)
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To: MichaelCorleone

I can almost certainly guarantee where most of the cash has been re-directed the last 5 years; into the pockets of politicians. If there is a meltdown of epic proportions guess whose homes the ferals are going to torch first. Are you listening, Washington. The very people you used to elect yourselves are going to be the very ones lighting the maltov cocktails they throw at your doors. We won’t have to lift a finger. You did it to yourselves.


6 posted on 09/25/2013 11:09:10 AM PDT by jsanders2001
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To: SeekAndFind

When the cash runs out, you quit spending or you cut what is not needed, committed, but not yet spent.

The revolutionary war character in the new TV show “Sleepy Hollow” is flabbergasted at a 10% tax on coffees and donut holes. He noted that the colonies had gone to war with the king over 2% taxes.

The second revolution should already be starting.


7 posted on 09/25/2013 11:11:39 AM PDT by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: MichaelCorleone

By mid october my cash on hand will be about 150.00 dollars, but I will manage...and not board my house up


8 posted on 09/25/2013 11:23:29 AM PDT by JoanneSD
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To: SeekAndFind

Cut federal spending for local governments, if you want to see a conservative political party in the future. The socialist spending gives socialists in both parties the money and time for political activism.


9 posted on 09/25/2013 11:24:34 AM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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To: RJS1950

HA HA HA, I loved this little exchange in the TV Series SLEEPY HOLLOW ( Ichabod Crane falls asleep for 250 years and wakes up in modern day Sleepy Hollow ):

My love for the program was cemented by doughnut tax outrage.

The exchange begins at around 10 minutes, right after the opening credits, but here’s the transcript of our heroes’ conversation over a breakfast-on-the-go of doughnut holes:

Ichabod, looking at sales receipt: “Is this correct? This meal cost $4.95?! Dear God. With an additional tax of 41 cents?”

Then there’s some nontax discussion of Ichabod’s witch wife Katrina — no, I’m not editorializing, Katrina was/is a witch — and how he didn’t know because she was keeping it secret to protect herself, him and the American Revolution effort.

Ichabod: “I understand, to you it sounds ...”

Abbie: “Insane when spoken out loud.”

Ichabod: “No, what’s insane is a 10 percent levy on baked goods. You do realize the Revolutionary War began on less than 2 percent? How is the public not flocking to the streets in outrage? We must do something.”

Abbie: “Here’s what we can do. No more firsthand accounts of witches or Founding Fathers or doughnut tax outrage unless you want to be sent back to the asylum.”

Ichabod: “Point taken.”


10 posted on 09/25/2013 11:44:02 AM PDT by SeekAndFind
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To: familyop

What are the chances Zero declares a national emergency and confiscates bank savings including 401ks and IRAs. That’s about $16 trillion.


11 posted on 09/25/2013 11:58:47 AM PDT by DownInFlames
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To: SeekAndFind

The question for all in the exchange is “How is the public not flocking to the streets in outrage?”

The answer is the same as in 1776. It takes a smaller number of determined patriots to start the ball rolling so that the rolling ball gathers more supporters and gains speed.

It is time for a second revolution, past the time to move against tyranny that is supported by our so-called elected “representatives”.


12 posted on 09/25/2013 12:23:18 PM PDT by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: SeekAndFind

“Struggling—”? Congress is STRUGGLING?? I only wish there was some actual light lifting going on. But STRUGGLING———I’m throwing the BS flag on that overblown description of how hard the congresscrats are working.


13 posted on 09/25/2013 12:55:40 PM PDT by cherokee1 (skip the names---just kick the buttz)
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To: DownInFlames

As bad as Greece is, confiscation isn’t happening there. But federal bondholders got both wiped out and severely “haircutted” depending on the exact type of bond. They are writing the book on where we are going. Anyone acting to confiscate personal savings will have less than 30 days to finish his bucket list.


14 posted on 09/25/2013 1:05:06 PM PDT by cherokee1 (skip the names---just kick the buttz)
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To: DownInFlames
"What are the chances Zero declares a national emergency and confiscates bank savings including 401ks and IRAs. That’s about $16 trillion."

The chances are probably high. But then most politicians will be ready to do the same for the tens of millions in the politically active majority directly or indirectly (contractors, services and the like) employed by the various levels of government. Higher incomes afford plenty of time and money for lobbying and other political activities.


15 posted on 09/25/2013 3:26:57 PM PDT by familyop (We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
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