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Treasury Secretary Lew Gives Strange Warning About a Terrible Accident

 
G3

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10/25/2015 02:29 PM

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Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
Treasury Secretary Lew Gives Strange Warning About a Terrible Accident

[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)


Last Edited by G3 on 10/25/2015 02:34 PM
Anonymous Coward
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10/25/2015 02:31 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
damned
Anonymous Coward
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10/25/2015 02:43 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
bumphiding
Anonymous Coward
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10/25/2015 02:49 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
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
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10/25/2015 02:50 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
Kick the can down the road

Again
Anonymous Coward
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10/25/2015 02:51 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
Wouldn't it be terrible if they had to stop bombing foreign nations, overthrowing elected leaders, or spying on and harassing it's own citizens? It would be anarchy, freedom and happiness breaking out all of the place.
switchback 1

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10/25/2015 02:59 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
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

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10/25/2015 03:09 PM

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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
bump
Liberalism is totalitarianism with a human face – Thomas Sowell
Anonymous Coward
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10/25/2015 03:10 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
Loopy Lew strikes again!
Anonymous Coward
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10/25/2015 03:27 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
no paychecks for Federal employees.

no paychecks to FedGov suppliers.
Anonymous Coward
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10/25/2015 03:32 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
Treasury Secretary Lew Gives Strange Warning About a Terrible Accident

[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)

 Quoting: G3


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
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10/25/2015 03:34 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
How are we supposed to survive and save when they can't?
Anonymous Coward
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10/25/2015 03:52 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
Bla bla bla
I hope they dont raise it
Let it collapse
Manage it properly
Anonymous Coward
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10/25/2015 03:56 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
Bla bla bla
I hope they dont raise it
Let it collapse
Manage it properly
 Quoting: Anonymous Coward 68701220


:this^^:
Anonymous Coward
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10/25/2015 04:06 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
It was a assadint! Sheesh
Anonymous Coward
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10/25/2015 04:20 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
[link to en.wikipedia.org (secure)]
Anonymous Coward
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10/25/2015 04:24 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
Doom soon ...? Remember the dates (?) from The Economist magazine 2015:

[link to i.imgur.com]
FireInCairo

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10/25/2015 05:47 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
Good catch!


Doom soon ...? Remember the dates (?) from The Economist magazine 2015:

[link to i.imgur.com]
 Quoting: Anonymous Coward 68451907


Treasury Secretary Lew Gives Strange Warning About a Terrible Accident

[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)

 Quoting: G3
Anonymous Coward
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10/25/2015 05:56 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
Extraordinary measures means telling extraordinary lies to the Amercan people to allow douche face a second term.
Anonymous Coward
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10/25/2015 06:20 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
no paychecks for Federal employees.

no paychecks to FedGov suppliers.
 Quoting: Anonymous Coward 41383179


No more foreign aid in the hundreds of billions every month either!
Anonymous Coward
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10/25/2015 06:27 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
Doom soon ...? Remember the dates (?) from The Economist magazine 2015:

[link to i.imgur.com]
 Quoting: Anonymous Coward 68451907


Interesting! Also noticed the companies on the rocket and what they represent, especially Serco...
Instant Karma

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10/25/2015 06:31 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
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)]
 Quoting: Fight4Truth


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
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10/25/2015 07:30 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
You should import 200.000 Syrians.
That´ll solve the problem.
Anonymous Coward
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10/25/2015 07:45 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
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
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10/25/2015 07:50 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
Wouldn't it be terrible if they had to stop bombing foreign nations, overthrowing elected leaders, or spying on and harassing it's own citizens? It would be anarchy, freedom and happiness breaking out all of the place.
 Quoting: Anonymous Coward 57251671


clappa
Anonymous Coward
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10/25/2015 07:58 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
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
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10/25/2015 09:01 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
I know!

We can downsize all of the food packages again.

Oh wait.

Well at any rate my name is Jack and i'm off to the Loo.
G3  (OP)

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10/25/2015 09:02 PM

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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
Loopy Lew strikes again!
 Quoting: Adytum


JackLew1

JackLew2

hostesscupcake

lmao
switchback 1

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10/25/2015 09:17 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
Doom soon ...? Remember the dates (?) from The Economist magazine 2015:

[link to i.imgur.com]
 Quoting: Anonymous Coward 68451907



Great Catch!!
Anonymous Coward
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10/25/2015 09:36 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
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)]
 Quoting: Fight4Truth
Anonymous Coward
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10/25/2015 09:59 PM
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Re: Treasury Secretary Lew Gives Strange Warning About a Terrible Accident
Loopy Lew strikes again!
 Quoting: Adytum


:JackLew1:

:JackLew2:

:hostesscupcake:

lmao
 Quoting: G3


I hae never seen this man's signature before.

Correct me if I am wrong, but doesn't it read:

"Jooooooo" in English cursive handwriting?





GLP