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Don't Believe The Debt Ceiling Hype: The Federal Government Can Survive Without An Increase
Forbes ^
| 10/03/2013
| Op/Ed
Posted on 10/04/2013 11:46:19 AM PDT by 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.
(Excerpt) Read more at forbes.com ...
TOPICS: News/Current Events
KEYWORDS: debt; debtceiling; obama
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.
To: Mike Darancette
Not spend more than you make????!!!!!!!!!!!!!
What would Keynes say?
2
posted on
10/04/2013 11:57:24 AM PDT
by
LucianOfSamasota
(Tanstaafl - its not just for breakfast anymore...)
To: Mike Darancette
If they’d get rid of useless departments, waste and fraud they could thrive on half of the current budget.
3
posted on
10/04/2013 11:58:07 AM PDT
by
JimRed
(Excise the cancer before it kills us; feed & water the Tree of Liberty! TERM LIMITS NOW & FOREVER!)
To: Mike Darancette
Operating withing their Constitutional limits there is, and always has been, plenty of money to go around.
4
posted on
10/04/2013 11:58:20 AM PDT
by
Paulie
To: JimRed
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?”
5
posted on
10/04/2013 12:02:46 PM PDT
by
knarf
(I say things that are true ... I have no proof ... but they're true)
To: Mike Darancette
Great article. Weird comments. Some people just can’t handle spending less.
6
posted on
10/04/2013 12:02:56 PM PDT
by
andyk
(I have sworn...eternal hostility against every form of tyranny over the mind of man.)
To: Mike Darancette
Didn't 0jugears claim that he had cut the deficit in half?
Why does he need a raise in the debt ceiling?
7
posted on
10/04/2013 12:03:44 PM PDT
by
TigersEye
(Stupid is a Progressive disease.)
To: Mike Darancette
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.....
8
posted on
10/04/2013 12:05:51 PM PDT
by
jeffc
(The U.S. media are our enemy)
To: Mike Darancette
9
posted on
10/04/2013 12:22:44 PM PDT
by
ryan71
(The Partisans)
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