Posted on 10/27/2015 6:31:35 AM PDT by Citizen Zed
Last week, when reviewing the next steps in the 2015 version of the debt ceiling "drama" we said that "that the only certain outcome from the melodramatic debt ceiling fight over the next several days, is the following: the US is about to have a brand spanking new debt ceiling, one that should last it until March of 2017: $19,600,000,000,000."
Sure enough, with just days left until the November 3rd D-Day when the Treasury runs out of emergency cash and is forced to prioritize debt repayments over government spending, moments ago Politico reported that "congressional leaders and the White House are working toward a two-year agreement. A debt ceiling measure is on a parallel track."
(Excerpt) Read more at zerohedge.com ...
The two are one in the same.
Notice how this number conveniently stays below $20 trillion. Gotta get past the election don’t you know.
Its so easy to fool the sheeple. Like taking candy from a baby.
Two sides of the same coin.
By the way, your share (as a taxpayer) of the EXISTING debt is $154,000.
But wait, there’s more....your share of the unfunded liabilities is a whopping $828,000!
Combine the two and you’re on the hook for nearly $1,000,000. Who knows what the figure will be in a few more years? But we do know it will be higher than it is now.
I propose a 1 quadrillion dollar limit so there would be room to maneuver and in 0’s word be more flexible.
And Lindsey Graham and the rest of the political establishment wonder why they are losing to “those guys”
Wait a minute. We were all told not that long ago that the annual deficit is down to around 400 to 450 billion a year! Someone is lying to us.
We have idiots running and ruining our lives.
I have no expectations from Paul Ryan's speakership. For all his talk of tax reform, nothing will get done. President Obama will spend hundreds of hours on the golf course.
And the Japanese and the Chinese and the Germans and the British and the you name it...!
Where’s the BUDGET that was due 7 years ago ?
I bet he doesn't. He doesn't even like golf.
What is $19,600,000,000,000? Is it bigger than a bread basket? Why that number? Why not $50,000,000,000,000? Would the computers care? Why didn’t the debt ceiling get sealed when it was still within the realm of numbers comprehended by humans? We live in a BS world.
Fraudian slip?
Easy to get the deficit low by borrowing more money to make the payments!
BTW, here’s the (PDF) draft of the ‘deal’:
https://t.co/szSXSRhcPH
I notice they raid Social Security Old Age funds to pay SS Disability.
“(1) WAGES.—Section 201(b)(1) of the Social Security Act (42 U.S.C. 401(b)(1)) is amended by striking ‘‘and (R) 1.80 per centum of the wages (as so defined) paid after December 31, 1999, and so reported’’ and inserting ‘‘(R) 1.80 per centum of the wages (as so defined) paid after December 31, 1999, and before January 1, 2016, and so reported, (S) 2.37 per centum of the wages (as so defined) paid after December 31, 2015...”
What’s the point of even having a Republican Party ?
Government today : Who can plant a flag on the highest mountain of debt?
You are correct to vilify Boehner; you know he is going to try something corrupt, but it still requires the votes of REPUBLICANS to get it passed.
The idiots run the D.C. Asylum
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