It's official: U.S. hits debt ceiling

CNN ^ | CNN

[quesney]

It's official: U.S. debt will reach its legal borrowing limit on Monday, giving Congress about two months before it must raise the debt ceiling or risk causing the government to default on its bills and financial obligations.

"I can confirm we will reach the statutory debt limit today, Dec. 31," a Treasury Department official said.

[grey_whiskers]

I'd cut the military IF AND ONLY IF the cuts were to bloat, pork, and the type of programs which promoted Major Whats-his-face from the Ft. Hood shooting.

In fact, I'd like to cut them *anyway*.

Also, private, unrelated FReepmail.

[RedMDer]

Social Security is not an entitlement program. It is a Ponzi scheme where we might get part of what we are forced to pay into it.

[RedMDer]

Cut the funding to all of the freebies to people that do not contribute when they could.

[Lucky9teen]

[Lucky9teen]

[combat_boots]

Don't forget the insider deals. Especially the one for John Robber^ts

[TomasUSMC]

F THE CEILING
F THE CLIFF
HAPPY NEW YEAR TO U.S.

[Eleutheria5]

I saved a woman from rape once by changing my mind. Same way he saved $1T.

[TurboZamboni]

Jimmuh Peanut sinned in his heart and Obammy saved in his head.

[unixfox]

It is a Ponzi scheme where we might get part of what we are forced to pay into it.

A Ponzi scheme is something you VOLUNTARILY enter into.

S.S. is extracted from you INVOLUNTARILY and with the penalty of prison if you don't hand it over.

Is this a great country or what? What's left of it that is.

[RedMDer]

I stand corrected. Good point.

[Resolute Conservative]

I printed up some simple biz cards that say “Ask Obama”. Aside from Salvation Army and few chosen local charities I drop this card in their envelopes and buckets. I also hand them to homeless on the intersection corners as I drive by.