U.S. will hit its $16.7 trillion borrowing limit
The U.S. Treasury makes roughly 80 million payments a month.
There are two statements that show how good the Federal Government is at managing our money.
1 posted on
10/09/2013 4:05:44 PM PDT by
mdittmar
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To: mdittmar
If the US gov-mint defaults, does this mean I don’t have to pay all my bills when they do not send me my military retired pay and my socialized security check?
61 posted on
10/10/2013 6:20:50 AM PDT by
RetiredArmy
(I am proud to be a Christian and follower of my Lord Jesus Christ. Time is short for U to know Him!)
To: mdittmar
The US will not default on it’s debt. With about $200-250 billion a month in revenue and debt service being about $25-30 billion... HOW in hell does anyone think we can’t pay our debts? What Lew and his beloved Obozo are concerned about is the possible lack of payments to their voters, who depend on welfare.
69 posted on
10/11/2013 8:32:00 AM PDT by
Grampa Dave
( Boycott Reno & Las Vegas until those in control there, remove Reid from the senate!)
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