Pelosi Predicts: $2.4 Trillion Added to Federal Credit-Card Limit Will Last Only 18 Months

CNSNews.com ^ | Tuesday, August 02, 2011 | Terence P. Jeffrey

[Dubya-M-DeesWent2SyriaStupid!]

(CNSNews.com) - House Minority Leader Nancy Pelosi (D.-Calif.) is predicting that the $2.4 trillion that Congress has now added to the limit on the federal credit card--by increasing the legal debt limit--will be exhausted by the Treasury in only 18 months.

[Roccus]

The nation might be better off if it only lasted until Sept. 1,2012

[skeeter]

In a just world congressional heads would roll for what they are intentionally doing to the standard of living of Americans in the private sector.

[Dubya-M-DeesWent2SyriaStupid!]

And Obama wants to raise taxes

http://www.cnsnews.com/news/article/obama-next-debt-limit-deal-must-include

And we’re terrorists?

[traditional1]

That’s right; with all the handouts to buy votes, and for Unions to funnel back to the DNC after receiving taxpayer money as a “bailout”, we’ll soon run out of borrowed money AGAIN.....until we stop paying off constituencies with the earnings of others.

[clove]

She already has her shopping list written.

[ClearCase_guy]

Small pie-in-the-sky anticipated cuts in the budget plotted out over a 10 year period.
plus
Immediate, multi-trillion dollar lines of credit projected to last little more than 1 year.

This town needs a better class of criminal.

[kittymyrib]

The $2.4 Trillion is BO’s “walkin’ around money,” to pay off the Democrat base for the 2012 elections, provided so graciously by the GOP stooges. They are too stupid to lead.

[Dubya-M-DeesWent2SyriaStupid!]

Here is the evidence of insanity in video.

http://www.youtube.com/watch?v=s6vzLLQYWNA&feature=player_embedded

[throwback]

Huh, I believe that was the plan Nancy? Remember the e-l-e-c-t-i-o-n? The number was based on going past the e-l-e-c-t-i-o-n. Yeah, you are in the congress. Remember?

[Dubya-M-DeesWent2SyriaStupid!]

If, as Pelosi anticipates, the $2.4 trillion in new borrowing authority were to last only 18 months that would mean that the Treasury had increased the national debt by approximately $133.33 billion per month during that period.

At that rate, the Treasury would be acquiring new debt almost as quickly as it did in fiscal 2010—the last completed fiscal year—and more than 50 percent faster than in fiscal 2008, the last full fiscal year in which George W. Bush was president.

[P-Marlowe]

The nation might be better off if it only lasted until Sept. 1,2012

It will all be spent by June 2012. Remember, this estimate was based on the economy actually growing. This estimate assumed that we were out of the "recession".

[sport]

Her estimate is probably short by 17 months.

[kabar]

If we enter a double dip recession, it may very well only last until September 2012.

[Dubya-M-DeesWent2SyriaStupid!]

Exactly I want to joke or say you can’t make this crap up but it is too insanely serious.

[vanilla swirl]

Keep fer later

[Roccus]

I realize that by the technical definition, we are out of the recession, but it’s real world effects never ended and will only worsen. (jmho)

[traditional1]

Here's what Democrats have done with our tax money to buy votes:

http://www.youtube.com/watch?v=J7XA2UUpXRk

[elpadre]

“..will be exhausted by the Treasury in only 18 months. “

well dahling, that why you must slash spending like a sharp machete going through a cane field. Do you hear us??

[AngelesCrestHighway]

“....we needed the full time, the 18 months so that we can have the Americans’ kitchen table, people sitting around that table and sitting around the boardroom table, would all know that you can rely on the United States of America to meet its obligations. Okay?”.....WTF is she talking about?

EARTH TO NANCY!.....HELLO?