Don't Believe The Debt Ceiling Hype: The Federal Government Can Survive Without An Increase

Forbes ^ | 10/03/2013 | Op/Ed

[Mike Darancette]

Ignore what you hear and read in the news. The federal government actually reached the legal debt ceiling about four months ago. Since then, the government has been financing its monthly budget deficit by stealing/borrowing money from other government funds, like the federal government employees’ pension fund. In about two weeks, the government will run out of tricks to keep operating as if nothing has happened. If the debt ceiling is not raised by then, the government has to balance its budget.

[Mike Darancette]

October 17 will come, Obama will be shown to be the lying fool and they will have to balance the budget and pay the vig.

[LucianOfSamasota]

Not spend more than you make????!!!!!!!!!!!!!

What would Keynes say?

[JimRed]

If they’d get rid of useless departments, waste and fraud they could thrive on half of the current budget.

[Paulie]

Operating withing their Constitutional limits there is, and always has been, plenty of money to go around.

[knarf]

But the swollen unemployment ranks ... especially when they learn they get equal or better .. and without having to shut daddy and aunt jane out when they probe .. “What are you doing, honey ... why do you DO that?”

[andyk]

Great article. Weird comments. Some people just can’t handle spending less.

[TigersEye]

Didn't 0jugears claim that he had cut the deficit in half?
Why does he need a raise in the debt ceiling?

[jeffc]

the government has been financing its monthly budget deficit by stealing/borrowing money from other government funds, like the federal government employees’ pension fund.

Stealing. The legacy of the Petulant King Administration.....

[ryan71]

Hopefully, this will go viral.

http://www.youtube.com/watch?v=Li0no7O9zmE