Treasury Secretary Lew Gives Strange Warning About a Terrible Accident | |
Anonymous Coward User ID: 70388563 ![]() 10/25/2015 02:31 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 41040643 ![]() 10/25/2015 02:43 PM Report Abusive Post Report Copyright Violation | |
Fight4Truth User ID: 24727858 ![]() 10/25/2015 02:49 PM Report Abusive Post Report Copyright Violation | No worries, we'll just print more dollars. Lots of countries have done this before! Make sure you have a wheelbarrow though. [link to en.m.wikipedia.org (secure)] |
Anonymous Coward User ID: 66366866 ![]() 10/25/2015 02:50 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 57251671 ![]() 10/25/2015 02:51 PM Report Abusive Post Report Copyright Violation | |
switchback 1 User ID: 67912714 ![]() 10/25/2015 02:59 PM Report Abusive Post Report Copyright Violation | A terrible accident....? Boy, we can sure have fun with that term. Who needs Doom dates, we can sprnd our time predicting terrible accident scenarios. Last Edited by switchback 1 on 10/25/2015 03:06 PM |
beeches User ID: 69710263 ![]() 10/25/2015 03:09 PM ![]() Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 63316473 ![]() 10/25/2015 03:10 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 41383179 ![]() 10/25/2015 03:27 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 70644694 ![]() 10/25/2015 03:32 PM Report Abusive Post Report Copyright Violation | Treasury Secretary Lew Gives Strange Warning About a Terrible Accident Quoting: G3 [link to z3news.com] In an interview on CNBC’s “Squawk Box” on Monday October 19, Treasury Secretary Jack Lew warned the U.S. Treasury will run out of money by Tuesday November 3, less than two weeks from now, unless the debt ceiling is raised. That’s a story we have all heard before as the debt ceiling has already been raised 74 times since 1962 (Source: Wikipedia). But Secretary Lew added a strange warning about a terrible accident: “Only Congress can act to raise the debt limit. I will have used all the tools that I have as of November 3rd, and then we’re operating on cash.” “I worry every time we hit this that sometime there could be an accident, and that would be terrible. Any time you wait until the last possible minute you are inviting a risk, and this is not a last minute that we can know with absolute certainty. I just wrote a letter last week to Congress telling them that the date is November 3, but a few weeks ago we thought the date was November 5.” “According to our best estimates November 3 is when we will exhaust what we call extraordinary measures, those are the things that we can do to manage things. I will run out of things I can manage on November 3. We will then have $30 billion of cash or less, and on any given day we can need as much as $60 billion, so the risk is real.” (S0urce: CNBC) oh the humanity, god forbid we only operate within our means of the actual cash on hand rather then borrowing like some fucking junkie who can never pay... |
Anonymous Coward User ID: 44466152 ![]() 10/25/2015 03:34 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 68701220 ![]() 10/25/2015 03:52 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 25778218 ![]() 10/25/2015 03:56 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 38320026 ![]() 10/25/2015 04:06 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 63316473 ![]() 10/25/2015 04:20 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 68451907 ![]() 10/25/2015 04:24 PM Report Abusive Post Report Copyright Violation | |
FireInCairo User ID: 70294349 ![]() 10/25/2015 05:47 PM Report Abusive Post Report Copyright Violation | Good catch! Treasury Secretary Lew Gives Strange Warning About a Terrible Accident Quoting: G3 [link to z3news.com] “Only Congress can act to raise the debt limit. I will have used all the tools that I have as of November 3rd, and then we’re operating on cash.” “I worry every time we hit this that sometime there could be an accident, and that would be terrible. Any time you wait until the last possible minute you are inviting a risk, and this is not a last minute that we can know with absolute certainty. I just wrote a letter last week to Congress telling them that the date is November 3, but a few weeks ago we thought the date was November 5.” “According to our best estimates November 3 is when we will exhaust what we call extraordinary measures, those are the things that we can do to manage things. I will run out of things I can manage on November 3. We will then have $30 billion of cash or less, and on any given day we can need as much as $60 billion, so the risk is real.” (S0urce: CNBC) |
Anonymous Coward User ID: 70651478 ![]() 10/25/2015 05:56 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69295382 ![]() 10/25/2015 06:20 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69295382 ![]() 10/25/2015 06:27 PM Report Abusive Post Report Copyright Violation | |
Instant Karma User ID: 69469070 ![]() 10/25/2015 06:31 PM Report Abusive Post Report Copyright Violation | No worries, we'll just print more dollars. Quoting: Fight4Truth Lots of countries have done this before! Make sure you have a wheelbarrow though. [link to en.m.wikipedia.org (secure)] They don't print dollars, they sell Treasury Bonds (debt) to the Fed. That's why the debt ceiling has to be raised. Dollar Deception: How Banks Secretly Create Money: [link to www.webofdebt.com] ALTERED GENES, TWISTED TRUTH: How the Venture to Genetically Engineer Our Food Has Subverted Science, Corrupted Government, and Systematically Deceived the Public: [link to www.amazon.com] 2028 End? [link to 2028end.com] |
Anonymous Coward User ID: 70651755 ![]() 10/25/2015 07:30 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69325632 ![]() 10/25/2015 07:45 PM Report Abusive Post Report Copyright Violation | We should never again raise the debt ceiling. By doing so we become "enablers". Like a crack addict loves their crack, the government loves to spend money like a drunk sailor on shore leave. If we do let them raise the debt ceiling then this time it should only happen when they show us a plan to cut back on their spending. Like shutting down many federal organizations and sending the power back to the States. Like education Cut out wars for the chosen ones. shut down our military bases all over the world. Clean out the parasites that infest Social Security Disability, Welfare and food stamps. Make Corporations keep their money here in the U.S. Make them pay affordable wages. Stop foreign aid completely. Cut back military spending by half. Legalize drugs and tax them. End Federal income tax. Quit paying government workers more than civilian workers. Make Congress live under the laws they pass. End the Federal Reserve. End the IRS. Those are just for starting the process. . |
Anonymous Coward User ID: 70590146 ![]() 10/25/2015 07:50 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 70649185 ![]() 10/25/2015 07:58 PM Report Abusive Post Report Copyright Violation | Extraordinary measures means telling extraordinary lies to the Amercan people to allow douche face a second term. Quoting: Anonymous Coward 70651478 those are- withdrawing funds from federal employees pension accts, failing to report that they went ovwer the legislated limit back in march of this year, basically robbing Peter to pay Paul. The morans on the hill will give them the keys to the printing shed. Fear not. Your currency is going to collapse at some point. Good luck. |
Anonymous Coward User ID: 70564492 ![]() 10/25/2015 09:01 PM Report Abusive Post Report Copyright Violation | |
G3 (OP) User ID: 69735282 ![]() 10/25/2015 09:02 PM ![]() Report Abusive Post Report Copyright Violation | |
switchback 1 User ID: 70145553 ![]() 10/25/2015 09:17 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 13383692 ![]() 10/25/2015 09:36 PM Report Abusive Post Report Copyright Violation | No worries, we'll just print more dollars. Quoting: Fight4Truth Lots of countries have done this before! Make sure you have a wheelbarrow though. [link to en.m.wikipedia.org (secure)] |
Anonymous Coward User ID: 14707209 ![]() 10/25/2015 09:59 PM Report Abusive Post Report Copyright Violation | |