As US Reaches Debt Limit, Geithner Implements Additional Extraordinary Measures...

US Treasury ^ | 5-16-2011 | Colleen Murray

[Liz]

EDDIE HASKELL, TREASURY SECRETARY

Separated at birth?

[Liz]

"You look wonderful today, President Obama."

" And how is your lovely, tall wife, our well-dressed, toned and buff First Lady?"

"And those adorable children you sired when you finally managed to nail the assertive fem/libber in the sack?"

[unixfox]

I would say at least the big cities are going to have some kind of turbulence.

Good. It's time to clean up the sewers anyway.

[w4women]

Here’s my take: Obama wants Republicans to not raise the debt. He can then blame them for all the economic failures of this administration.

[blam]

IMO...it's all a show.

There is no way back from here.

Any cuts big enough to have any chance will cause a revolt in the streets. We are presently borrying 41% of the budget just to stay at this economic level. Any cuts will cause further economic slow-downs and result in less taxes collected and requiring more borrying.

The only solution is to inflate the debt away by printing more 'funny money' till it's worthless. This will also cause a revolt in the streets.

There's no (peaceful/bloodless) way back from here.

Prepare now.

[GOPJ]

bump