ding! ding ! ding! we have a winna!!!
Nut-job Conspiracy Theory Ping!
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Posted on 02/03/2014 6:54:09 AM PST by Red in Blue PA
WASHINGTON (Reuters) - The Obama administration warned on Monday it could start defaulting on the government's obligations "very soon" after hitting a limit on the national debt later this month.
Treasury Secretary Jack Lew said the federal government should hit the ceiling by the end of February unless Washington raises the nation's limit on public borrowing.
The federal government would then burn through its remaining cash more quickly that it would at other times of the year because the Treasury will be issuing tax refund checks, Lew said.
"Without borrowing authority, at some point very soon, it would not be possible to meet all of the obligations of the federal government," Lew said in prepared remarks at a Bipartisan Policy Center event.
(Excerpt) Read more at finance.yahoo.com ...
Is he setting the stage to withhold tax refunds and blame Republicans?
ding! ding ! ding! we have a winna!!!
Nut-job Conspiracy Theory Ping!
To get onto The Nut-job Conspiracy Theory Ping List you must threaten to report me to the Mods if I don't add you to the list...
Bringing out the boogie man to scare Republicans.
Let’er rip tater chip!
You mean we are running out of other peoples money? How could this be?
I should be collecting interest on that money if the feds are using it as a loan.
The biggest De Fault in America is sitting in the White House.
Do you suppose that default is what the administration really seeks but cannot admit out loud?
The Obama administration warned the sky is falling.
Cut spending has NEVER crossed his little mind idiots like him need to be locked up.
One thing for sure - they’ll warn their buddies to get all their wealth out of securities before they stop the music.
Sounds like a plan. Think how patriotic you’d feel donating a “little extra” to the regime...
The crash is coming. That is obvious to anyone with above room temp IQ (and also explains why it is not obvious to the Obamdork, his White House Clown Crew, or the MSM.)
Since it is coming, better sooner than later.
After all, we’re well armed and prepared to defend against the rioting Obamafone owners.
Is there a priority of the obligations? For example, keeping the Washington Monument open to the public is a lower priority than paying interest on the bonds.
“Bringing out the boogie man to scare Republicans”
That won’t take much effort.
You’re right. A mean look would send the Republicans scurrying with their tails between their legs.
Remember we woke up one morning and read in the paper that USSR was bankrupt. It does but it doesn’t happen over night........................
I worked with several farming operations through bankruptcy and nothing changed until the cashflow stopped. Until then, it was business as usual.
Bringing out the boogie man to scare Republicans.
So, like many small businesses you put the decision off for someone else to make. That is human nature and you and I are no different. Very few of us will take our beating up front to get through it for better times...............................
So knowing history and human nature, the only way out is starting over. How many times in history did God say, “Lets start all over again.” Or in computer terms, it is time for a reboot.
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