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BREAKING: Treasury Secretary Lew warns Congress: We Will Hit Debt Ceiling in October

 
Gypsy Priest
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08/26/2013 06:19 PM
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BREAKING: Treasury Secretary Lew warns Congress: We Will Hit Debt Ceiling in October
The U.S. will hit the $16.7 trillion debt ceiling in mid-October, Treasury Secretary Jacob J. Lew said in a letter urging Congress to raise the limit "as soon as possible."

"Extraordinary measures are projected to be exhausted in the middle of October," Lew said in the letter today to House Speaker John Boehner and other lawmakers.

[link to www.newsmax.com]

Now what?
We extend the debt ceiling?
Print more money?
Start a war?
********Get your facts first, then you can distort them as you please*******
Gypsy Priest  (OP)

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08/26/2013 06:22 PM
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Re: BREAKING: Treasury Secretary Lew warns Congress: We Will Hit Debt Ceiling in October
Lew said in a letter to Speaker John Boehner released Monday that the government is running out of accounting maneuvers it has used to avoid hitting the $16.7 trillion borrowing limit. He pressed Congress to act so Treasury can keep paying the government’s bills.

Lew said it’s impossible for Treasury to predict exactly when borrowing limit will be reached. But he warns that if action isn’t taken soon, the government could be left with $50 billion in cash by mid-October. He says that wouldn’t be enough to cover Social Security payments, military personnel salaries, Medicare and other programs for an “extended period.”

[link to www.nydailynews.com]
********Get your facts first, then you can distort them as you please*******
Anonymous Coward
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08/26/2013 06:24 PM
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Re: BREAKING: Treasury Secretary Lew warns Congress: We Will Hit Debt Ceiling in October
if action isn’t taken soon, the government could be left with $50 billion in cash by mid-October.
 Quoting: Gypsy Priest


Hence the push for the war.
Gypsy Priest  (OP)

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08/26/2013 06:39 PM
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Re: BREAKING: Treasury Secretary Lew warns Congress: We Will Hit Debt Ceiling in October
if action isn’t taken soon, the government could be left with $50 billion in cash by mid-October.
 Quoting: Gypsy Priest


Hence the push for the war.
 Quoting: Anonymous Coward 750749


Agreed. Perfect timing.
********Get your facts first, then you can distort them as you please*******
Anonymous Coward
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08/26/2013 06:42 PM
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Re: BREAKING: Treasury Secretary Lew warns Congress: We Will Hit Debt Ceiling in October
Qatar and SA will pay us handsomely to take out Assad
Gypsy Priest  (OP)

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08/26/2013 07:24 PM
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Re: BREAKING: Treasury Secretary Lew warns Congress: We Will Hit Debt Ceiling in October
Qatar and SA will pay us handsomely to take out Assad
 Quoting: Anonymous Coward 29725154


rockon
********Get your facts first, then you can distort them as you please*******





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