The wonders of a fiat currency.
Checking the US House of Representatives...
Nope. None here.
Treasury: Debt Has Been Exactly $16,699,396,000,000.00 for 56 Days
July 15, 2013 - 5:33 PM
- See more at:
http://cnsnews.com/news/article/treasury-debt-has-been-exactly-1669939600000000-56-days#sthash.YFwWrD43.dpuf
Without a vote? Are you kidding? This administration has already been doing that for 4½ years now. The rule of law is dead.
The lawless administration continues.
Nut-job Conspiracy Theory Ping!
To get onto The Nut-job Conspiracy Theory Ping List you must threaten to report me to the Mods if I dont add you to the list...
Either congress starts impeachment proceedings, or we no longer have three co-equal branches of government.
It really is *that* simple.
More evidence of the Coup d’etat. There are no rules anymore. The Constitution is only a memory now. Accountability is dead. Have a nice day.
Nah, no concern. Actually, there is no further need of Congress, save some money and send them home, they are irrelevant, transformation complete.
Well, Congress would get involved if it wasn’t something they wanted as badly as Obastard. They are opposition in name only.
-PJ
Slightly off topic, but over the last 4+ years, I look and see the U.S. as Deutschland, circa 1940.
Oh, and to you guys and gals at the NSA: go reproduce asexually.
5.56mm
Look at all the supposed conservatives which arrive on the scene showing promise only to immediately embrace non-conservative positions. They too, are only concerned about continuing to ride the gravy train.
Just further propping up of Obama’s failed economic policies.
What ever happened to the stimulus and the resulting 200,000 jobs per month?
I think that the “standard set of extraordinary measures” refers to what they do to “officially” keep from breaching the debt ceiling while negotiations to raise it are ongoing. As I recall, this includes things such as “borrowing” money from the federal employees’ G Fund in their thrift saving plan. These are essentially paper transfers and accounting tricks. In the past, when a deal was reached raising the debt ceiling, these paper transfers were then reversed.
So, just think “accounting gimmicks”. Of course, if there’s only a limited amount of wiggle room afforded by these gimmicks. Once they would be exausted, then actual cuts in spending would have to follow.
Are you kidding? He is probably getting private Thank You calls from members of Congress. Anything to avoid having to go on-record with tough votes.
When has the debt ceiling not been raised whenever it is approached? When has it ever prevented the debt from being increased? In what way is a “debt ceiling” that semi-automatically expands to allow any debt increase the institutional government party wishes an actual “ceiling” of any sort? The whole thing is meaningless.
Naw, just crank up more xerox machines.
A very expensive bunch of potted plants.