Treasury's Lew warns that U.S. default could happen quickly

Yahoo Finance ^

[Red in Blue PA]

Your "borrowing authority" is what got us into this mess in the first place morons.

[Buckeye McFrog]

Is he setting the stage to withhold tax refunds and blame Republicans?

[null and void]

Is he setting the stage to withhold tax refunds and blame Republicans?

ding! ding ! ding! we have a winna!!!

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 don't add you to the list...

[meatloaf]

Bringing out the boogie man to scare Republicans.

[LibLieSlayer]

Let’er rip tater chip!

[unixfox]

You mean we are running out of other peoples money? How could this be?

[grania]

About that refund money the feds will have trouble paying back....if I get a refund, it's money the federal government has been holding for me. I should be able to get it back as easily as I can withdraw money from a bank account. It would have been reasonable for the feds to be holding a percentage of taxes they collected in anticipation of refunds.

I should be collecting interest on that money if the feds are using it as a loan.

[ZULU]

The biggest De Fault in America is sitting in the White House.

[Rapscallion]

Do you suppose that default is what the administration really seeks but cannot admit out loud?

[Vaduz]

The Obama administration warned the sky is falling.
Cut spending has NEVER crossed his little mind idiots like him need to be locked up.

[MrB]

One thing for sure - they’ll warn their buddies to get all their wealth out of securities before they stop the music.

[Opinionated Blowhard]

We see this over and over and over again played out in the papers. We truly are turning into a Banana Republic.

[nascarnation]

Sounds like a plan. Think how patriotic you’d feel donating a “little extra” to the regime...

[Da Coyote]

The crash is coming. That is obvious to anyone with above room temp IQ (and also explains why it is not obvious to the Obamdork, his White House Clown Crew, or the MSM.)

Since it is coming, better sooner than later.

After all, we’re well armed and prepared to defend against the rioting Obamafone owners.

[glorgau]

it would not be possible to meet all of the obligations of the federal government,

Is there a priority of the obligations? For example, keeping the Washington Monument open to the public is a lower priority than paying interest on the bonds.

[Red in Blue PA]

It is indeed coming....and soon:

[Georgia Girl 2]

“Bringing out the boogie man to scare Republicans”

That won’t take much effort.

[meatloaf]

You’re right. A mean look would send the Republicans scurrying with their tails between their legs.

[PeterPrinciple]

Remember we woke up one morning and read in the paper that USSR was bankrupt. It does but it doesn’t happen over night........................

I worked with several farming operations through bankruptcy and nothing changed until the cashflow stopped. Until then, it was business as usual.

[PeterPrinciple]

Bringing out the boogie man to scare Republicans.

---

that is true but the reality is if we make the tough decision now it will have BIG impact. It is too late for correction or solving the problem.

So, like many small businesses you put the decision off for someone else to make. That is human nature and you and I are no different. Very few of us will take our beating up front to get through it for better times...............................

So knowing history and human nature, the only way out is starting over. How many times in history did God say, “Lets start all over again.” Or in computer terms, it is time for a reboot.