Dam right they do. They have a spending problem.
770 million for this.
Been watching and listening to the house and senate the last two days to get this right out of the horses mouth.
The debate has been very informative on what is going on. Beats reading and watching it come from the news media
I am not an economist but to pay the current monthly obligations or any monthly obligation when credit is available I can see one option.
With debt due in full plus interest and the monthly revenue the gov't takes in they need to cut expenses to cover the interest. Pay the full obligation plus interest with expense cutting to cover interest. Immediately sell new debt bonds or notes to cover the principle paid prior.
With the Gov't bailing out these financial institutions they could help in this matter.
Pay off, sell new bonds or notes, Debt limit not increased.
It will need to be a timely maneuver on the paying and reborrowing. Better make sure they have buyers for new bonds or notes.
Now they will need to get their budget in order on cutting here and there to operate with only revenue taken in and to pay down the principle.
They are not going to like cutting here and there. When in debt you work your way out of it.
I seen a headline this am where bondholders are going to be priority. Pay the bonds and reborrow.
Do you think they have reason to be afraid of the tea party.
Check the dates on these quotes. This is something that has been known for a long time.Something not recently uncovered.
This guy was going to start operations and said the hell with it.
I was wondering which way the callers were going to go when I heard his speech last night. If what I quoted in this article is correct I found out.
Looks like the rallying call by pres O got something done.
"the overwhelming number of calls are actually urging members to oppose President Obama's approach to increasing the debt ceiling and calling on Congress to cut spending and not raise taxes.
Pres O is waiting for the members of both parties in congress to agree on a plan for the debt crisis. Both houses will pass the plan. Pres O will veto the plan. With both house in agreement they will vote to override the veto.
Pres O will end up having no responsibility of cuts and what not. Will spin it for his reelection.
Time to step up and do something.
Lets not forget Pres O's current political rally speeches.
Cutting off his money supply to move his agenda forward is what I think he is ****** about.
Are news stories and movies coincidental.
I mentioned in a post June 20th about blowing whistles.
I am not saying this guy was murdered BUUUTTTTTTTT. Seems like bad things happen to those who blow whistles.
He should give O a call on the phone and give some tuteledge on how it's done.
I almost fell out of my chair reading this one. I could not believe it coming from this guy. This is not like a dem to do such a thing.
Hey maybe he has plans to be a backup candidate on the 2012 presidental ticket.
Can not run a country on debt, thats for sure. Where are these grand plans getting us. Things have only become worse in 2 years.
Looks like a 2 year old article.
budget projection for 2011 made in 2009 in above article.
2011 deficit $970 billion
looks like the actual deficit for 2011 may be 1.65 trillion or there about
On Aug. 4, $90,785,744,400 in U.S. Treasury bills will come due
Looks to me like S S is funded for a few years ahead yet. From what I read in this article social security payments are funded by taxation into the fund not from borrowing.
scare tactics as usual.
Some reading for ya on deficits and social security.
Looks like he tells it like it is. Well I enjoy has analysis wether in print or on t v.
He has the background to figure someone out.
His bio is impressive anyhow.
I think they painted themselves into a corner.
Just seen this in a comment about the debt ceiling and taxes.
"We all have skin in the game now - it's called the USA!"
If not her in 2012 at least someone with that mentality.
Hows that hope and change working?
There is still hope left for this country.
There no doubt will be changes made too.
So there is still hope and change available from my viewpoint anyhow. Depends on the direction of the hope and change you are looking for.
I am not mad or nuthin.
Mowed the front Thur about 15:30 hrs and it was a bit warm and not much shade. Got a little light headed but finished it.
Just finished the back about 20 minutes ago. Did not get light headed but the heart got thumpin. Exercise the heart muscles.
May do the weed eater another time.
If you want to e-mail Michelle and bitch about the garden in the news I saved you a few minutes lookin for it.
May 2021 April 2021 March 2021 February 2021 January 2021 December 2020 November 2020 October 2020 September 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 September 2017 August 2017 July 2017 June 2017 May 2017 April 2017 March 2017 February 2017 January 2017 December 2016 November 2016 October 2016 September 2016 August 2016 July 2016 April 2016 February 2016 January 2016 December 2015 November 2015 October 2015 July 2015 June 2015 May 2015 March 2015 January 2015 December 2014 November 2014 October 2014 September 2014 August 2014 July 2014 June 2014 May 2014 April 2014 March 2014 February 2014 January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 March 2012 February 2012 January 2012 December 2011 November 2011 October 2011 September 2011 August 2011 July 2011 June 2011 May 2011 April 2011 March 2011 February 2011 January 2011 December 2010 November 2010 October 2010 September 2010 August 2010 July 2010 June 2010 May 2010 April 2010 March 2010 February 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 January 2009 December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 June 2008 May 2008 April 2008 March 2008 February 2008 January 2008 December 2007 November 2007 October 2007 September 2007 July 2007 June 2007 May 2007 April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006 August 2006 July 2006 June 2006 May 2006 April 2006 March 2006 February 2006 January 2006 December 2005 November 2005 October 2005 September 2005 August 2005 July 2005 June 2005 May 2005 April 2005 March 2005 February 2005 January 2005 December 2004 November 2004 October 2004 September 2004 August 2004 July 2004 June 2004 May 2004