“The U.S. Treasury quietly warned at the end of a statement issued last Wednesday that it expects the federal government to hit its legal debt limit before the end of this year–which means before the new Congress is seated–and that “extraordinary measures” will be needed before then to keep the government fully funded into the early part of 2013. On Aug. 2, 2011, President Obama signed a deal he had negotiated with congressional leaders to increase the debt limit of the federal government by $2.4 trillion. But, now, after only 15 months, almost all of that additional borrowing authority has been exhausted.”
http://cnsnews.com/news/article/treasury-quietly-warns-expect-debt-limit-be-reached-near-end-2012
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Ron Paul On Foreign Aid: We Should Stop Funding These Nations, You Can't Buy Friendship
India plans $70 million mission to Mars in 2013
Abolish the Drug Enforcement Administration, Help The Poor Instead
Disturbing Video Shows Court Officer Sexually Assaulting, Then Arresting Mother, Judge Does Nothing
Healthy girl confiscated from parents who smoked pot, given to murderous foster mother
Airliner diverted as secure cockpit door locks pilot out mid-flight
Liechtenstein for hire at $70,000 a night [2011]
Indian rail is world’s largest ‘open toilet’
Stockbroker saves his life by smoking 130,000 government-issued joints
Rand Paul on CNN speaks against possible Syria strike 8/30/13
Anti-government protest rallies thousands in Tunisia
BitInstant CEO arrested by U.S. for alleged money laundering
China's biggest jeweller sees gold in the masses
Your employer may share your salary, and Equifax might sell that data
Investors can’t beat the machines: Computer-dominated trading takes over