"We're broke?"As long as we have central bank that can print money, monetize debt, suppress interest rates, bail out banks - we never have to worry about the Federal Government running out of money for all its social-engineering schemes.
Extending his own authority.....
“...such as removing investments from government pension funds to keep from breaching the current debt limit of $18.113 trillion.”
I don’t know much about this kind of thing, but this sounds a lot like fraud.
Since March 16, Lew has been employing a variety of bookkeeping maneuvers such as ................... fill in the blank
Remember in past debt ceiling stories, the liberal view was that Obama can personally spend past the debt limit due to the 14th amendment????,,, there is some clause in that amendment to the effect that the debt of the nation shall be paid, or some such language?
I was wondering how much longer the Nat’l debt clock was going to be stuck at 18.3 Trillion dollars.
Even though the Fed’s been printing $65,000,000,000 each month for QE purposes, the debt clock’s read the same for 3+ months if I recall correctly.
What a self delusional sad sham we’ve permitted to happen.
Good thing our bubble economy is going to expand forever.
"We're broke?"Why bother to tell congress? What are they going to do? They don’t want to deal with the debt and don’t want this hot potato in their laps. Congress has no interest whatsoever in addressing any of the nation’s problems. It is planning for far more important things such as its upcoming summer recess. See you in September. LOL
Didn’t notice earlier that the title is written in ebonics. Good one, AP.
That’s OK. The Orange Man and Yertle will give Lew all the debt limit he needs whenever Baraq tells them to.
It
Down
The US Constitution is on its head. Some punk administrator has the sole authority to spend hundreds of billions of dollars, while Congress sucks its thumb.
Pray for America.
“Hey Congress. No need to take more political hits until fall for raising the amount of debt we’re piling on our posterity. We’ll just cook the cooked books some more.”