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US to get approximately $17.2T debt limit Friday
ABC News ^
| February 7, 2014
| ANDREW TAYLOR Associated Press
Posted on 02/07/2014 11:13:26 AM PST by mdittmar
click here to read article
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Let's just set the new borrowing cap at 100 Trillion Dollars this time,it's not like it's real money anyway.
1
posted on
02/07/2014 11:13:26 AM PST
by
mdittmar
To: mdittmar
To: mdittmar
3
posted on
02/07/2014 11:15:52 AM PST
by
exit82
("The Taliban is on the inside of the building" E. Nordstrom 10-10-12)
To: mdittmar
Impeach Obama in 2014, PERIOD.
4
posted on
02/07/2014 11:21:00 AM PST
by
Graewoulf
(Democrats' Obamacare Socialist Health Insur. Tax violates U.S. Constitution AND Anti-Trust Law.)
To: mdittmar
“I went to buy a new Missile Defense System and my Visa Card got declined...”
To: mdittmar
Let’s just set the new borrowing cap at 100 Trillion Dollars this time,it’s not like it’s real money anyway.
Obama would reach that in a year or two
6
posted on
02/07/2014 11:27:25 AM PST
by
molson209
(Hillary Clinton)
To: mdittmar
Obviously we have a paying for it problem.
To: mdittmar
There was a story on yahoo that Lew might order the IRS not to release any tax refunds until the debt ceiling is raised. If that's not a blatant attempt to get the Obama voter riled up and mad at Republicans I don't know what is, you see the dirty secret is that because of the Earned Income Tax Credit, many low income people get back FAR more in tax refunds than they actually pay in (sometimes to the tune of $5,000 or more). In reality the Earned Income Tax credit is the biggest welfare transfer in the nation. Well these same people have come to expect said payout by the middle of February every year and will even go take out and make purchases on credit or take out short term, high-interest loans (Refund Anticipation Loans) expecting to pay them back by a set date. If the spigot is cut off....the excrement is going to hit the air circulation device quickly...
8
posted on
02/07/2014 11:31:43 AM PST
by
apillar
To: mdittmar
Bookkeeping maneuvers..
Sounds illegal to me..
But what do I know?
9
posted on
02/07/2014 11:32:03 AM PST
by
NormsRevenge
(Semper Fi)
To: Graewoulf; All
You cannot say that enough!
10
posted on
02/07/2014 11:38:46 AM PST
by
Jane Long
(While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
To: molson209
It’s very real money. All that the Treasury borrows is paid back with interest.
The principal and interest paid back to bondholders comes from taxes.
When we pay taxes, that’s real money, because we had to work or invest to earn it.
That is why US citizens can be aptly labeled debt slaves.
Like a loan shark, the holders of government debt are getting a small cut of all economic production.
While financial elites do not purchase every government bond, they arrange for the floating of the bonds, i.e., arrange for investors around the world to buy the bonds.
Thus the financial elites that form the bond underwriting syndicate are a key leverage point of control over the government. And they’re using a good deal of other people’s money (investors) to implement their control scheme.
11
posted on
02/07/2014 11:39:53 AM PST
by
PieterCasparzen
(We have to fix things ourselves)
To: PieterCasparzen
"Its very real money",no it's not.
1 Trillion Dollars could never be paid back,let alone 17.2 Trillion Dollars
12
posted on
02/07/2014 11:43:33 AM PST
by
mdittmar
To: mdittmar
Why even bother with a debt limit if it is always raised?
13
posted on
02/07/2014 11:47:02 AM PST
by
BillT
(If you can not stand behind our military, you might as well stand in front of them!)
To: Jane Long
They are the five words that will do the most to create jobs, Jobs, JOBS!
Assuming that 2014 can be said as one word, of course.
Lemme try: twothousandfourteen.
Yup, one word!
14
posted on
02/07/2014 11:51:17 AM PST
by
Graewoulf
(Democrats' Obamacare Socialist Health Insur. Tax violates U.S. Constitution AND Anti-Trust Law.)
To: mdittmar
They lie about that number also... it was 17 Trillion before the raised the debt ceiling TWICE. One thing is certain... THE GOVERNMENT NEVER TELLS THE TRUTH.
15
posted on
02/07/2014 11:53:12 AM PST
by
LibLieSlayer
(FROM MY COLD, DEAD HANDS! BETTER DEAD THAN RED!)
To: mdittmar
I thought Bernacke might have severed the printer cable on the way out of the office, but clearly not so.
To: mdittmar
I was thinking the same thing. Why screw around with a trillion or so at a time when there are bigger numbers to play with? What’s the point of having a fantasy government with limits?
17
posted on
02/07/2014 12:01:26 PM PST
by
pallis
To: mdittmar
Make raising the debt ceiling a weekly activity. Don’t worry. It’ll be fun! There’s no risk in the U.S. Dollar!
;-D
18
posted on
02/07/2014 12:06:00 PM PST
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: Zuben Elgenubi; All
Paying back 1 trillion dollars at 1 million dollars per day takes one million payments,one million days. Dividing by 365 we get 2,739 years and 265 days.
19
posted on
02/07/2014 12:06:38 PM PST
by
mdittmar
To: apillar
The high interest on the refund loans is charged by the day until the refund is rec’d. which is currently within 21 days. Sounds like the banks would come out winners if they still give out the loans and can charge for each day the refund is delayed. Unless Elizabeth Warren comes to the rescue.
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