Posted on 09/07/2011 12:43:37 PM PDT by Graewoulf
Question of the day that the Liberal Intelligentsia Elite Media will never ask is will Zero go "All In"and break the Bank? Or just slowly bleed America into becoming a third world country that can be more easily ruled?
I was under the impression that we already hit the ceiling within 2 weeks of it raising... I guess he wants another debt ceiling “fight”.
Yes, we already blew through the ceiling.
I think Obama will most likely continue to just gradually ramp up the heat under the pot of water we and Congress are now in.
I also think he assumes that all “rich” people are just sitting on all that pile of money they have, and are only holding on to it in order to be selfish and he intends to get ahold of 98% of it in taxes and regulations if he can.
After all, he and Michelle gotta have money for their extravagant vacays!
I hope and pray that it’s God’s will that he and Michelle are G-O-N-E next election, and replaced with a Tea Party Conservative. - It WOULD serve the left right if they had to endure President Sarah Palin to make up for the belly ache we’ve put up with in BHO.
Well, no - - - . It gets very complicated. You see Son-of-a-Mitch McConnell added an attic to the National Debt Ceiling, well, really two - - - .
I’ll just say it: Zero can raise the National Debt Ceiling twice more ON HIS OWN.
I like your take on the boiling frog reference.
I sincerely believe that he would like an insurrection. He could use it to claim emergency powers. With the Senate Democrats on his side Congress could not stop him and the MSM would do their best to justify it.
With or without the new $300B, the Treasury exceeds the statutory debt limit between September 27th to 29th during the 2 year, 5 year and 7 year auctions. Unless Geithner once again raids the Federal Employee Pension Funds, most of which were just replenished through the end of August, a month where the US alone created US$400B in new debt. On the long end if Geithner raids the pensions, and with the quarterly taxes coming in, the Treasury could through smoke and mirrors make it to the first or second week of November 2011 before a true default would have to be publicly admitted by the Obama White House or Geithner’s Treasury.
http://bloomberg.econoday.com/bymonth.asp?cust=bloomberg-us&month=9&year=2011
A 300B stimulus package is not in the works until there is something closer to $600B in true spending reductions, which is not going to happen.
The country is facing an imminent watershed event that will forever alter the socioeconomic landscape, and nary a media outlet in the White House Press Corps dare publish mention of the impending date.
“will Zero go “All In”and break the Bank?”
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