Green Energy
The Republican leadership hasn't learned a thing. Nor have their "conservative" cronies.
November taught them NOTHING.
And all the platitudes about the Tea Party being the "real winners" here because they "got the nation talking about the debt problem " is just pissing in the wind. The TRUE Tea Party Conservatives in Congress saw this for what it was and voted against it.
Geithner is spending his inheritance before the fucking body is cold.
Hopefully DeMint and Co. can stop this in the Senate but that doesn't look likely.
Helluva job, Mr. Boehner.
Maybe you should go back to sweeping the barroom.
Breitbart:
US borrowing to surge after debt cap raised
The US Treasury said Monday that it will step up borrowing after the debt ceiling is raised, expected this week if a highly contentious legislation crafted over the weekend clears Congress.
In its quarterly funding plans, the Treasury said it expected to issue $331 billion in net debt in the July-September quarter, up from $190 billion in the previous period.
But the third-quarter forecast was $74 billion lower than originally forecast in May.
During October-December, the Treasury will borrow another $285 billion, it said. The projections assume it will have a cash balance of $100 billion at year-end.
The forecast came as Democratic and Republican Party leaders in Congress both strained to get rank-and-file support for a bill on spending cuts that would also raise the country's statutory $14.3 trillion borrowing ceiling, allowing the government to continue to meet its spending commitments.
Since May 16 the Treasury has been operating at the $14.3 trillion level, unable to increase borrowing despite mounting spending pressure.
It has repeatedly warned that if the ceiling is not raised by August 2, the country will have to renege on some commitments, including possibly defaulting on its debt.
But Republicans refused to agree to an increase unless they could get a long-term deficit reduction plan they could agree on, sparking a grinding political battle that was still not resolved Monday afternoon, one day before the deadline.
- In Which Timothy Geithner Speaks To Our Real Power
Geithner: We Should Eliminate the Debt CeilingTreasury Secretary Timothy Geithner says he believes the U.S. debt ceiling should be eliminated in a new interview with Bloomberg’s Al Hunt.“Do you agree with Alan Greenspan that we ought to just eliminate...
-
CNSNews: $2.4 Trillion Would Be Largest Debt-Limit Increase in U.S. History Monday, August 01, 2011 By Terence P. Jeffrey (CNSNews.com) - The bill to increase the federal debt limit that has been put before Congress today would increase that limit by...
-
Washington Times: House GOP revolts against Boehner plan House Republicans do not have enough support to pass their debt-ceiling increase plan on their own, a top conservative said Tuesday as his party’s leaders tried to cobble together a coalition...
- Wtf???
MSNBC: McConnell proposes giving Obama debt ceiling power Increase would take effect unless House, Senate enact legislation disapproving it WASHINGTON — The top Republican in the Senate proposed on Tuesday giving President Barack Obama sweeping new...
-
So now they're borrowing both our children's future and our parent's past to pay to keep this sham of a government alive. Treasury to tap pensions to help fund government By Zachary A. Goldfarb, Published: May 15 | Updated: Monday, May 16,...
Green Energy
The Republican leadership hasn't learned a thing. Nor have their "conservative" cronies.
November taught them NOTHING.
And all the platitudes about the Tea Party being the "real winners" here because they "got the nation talking about the debt problem " is just pissing in the wind. The TRUE Tea Party Conservatives in Congress saw this for what it was and voted against it.
Geithner is spending his inheritance before the fucking body is cold.
Hopefully DeMint and Co. can stop this in the Senate but that doesn't look likely.
Helluva job, Mr. Boehner.
Maybe you should go back to sweeping the barroom.
Breitbart:
US borrowing to surge after debt cap raised
The US Treasury said Monday that it will step up borrowing after the debt ceiling is raised, expected this week if a highly contentious legislation crafted over the weekend clears Congress.
In its quarterly funding plans, the Treasury said it expected to issue $331 billion in net debt in the July-September quarter, up from $190 billion in the previous period.
But the third-quarter forecast was $74 billion lower than originally forecast in May.
During October-December, the Treasury will borrow another $285 billion, it said. The projections assume it will have a cash balance of $100 billion at year-end.
The forecast came as Democratic and Republican Party leaders in Congress both strained to get rank-and-file support for a bill on spending cuts that would also raise the country's statutory $14.3 trillion borrowing ceiling, allowing the government to continue to meet its spending commitments.
Since May 16 the Treasury has been operating at the $14.3 trillion level, unable to increase borrowing despite mounting spending pressure.
It has repeatedly warned that if the ceiling is not raised by August 2, the country will have to renege on some commitments, including possibly defaulting on its debt.
But Republicans refused to agree to an increase unless they could get a long-term deficit reduction plan they could agree on, sparking a grinding political battle that was still not resolved Monday afternoon, one day before the deadline.
- In Which Timothy Geithner Speaks To Our Real Power
Geithner: We Should Eliminate the Debt CeilingTreasury Secretary Timothy Geithner says he believes the U.S. debt ceiling should be eliminated in a new interview with Bloomberg’s Al Hunt.“Do you agree with Alan Greenspan that we ought to just eliminate...
-
CNSNews: $2.4 Trillion Would Be Largest Debt-Limit Increase in U.S. History Monday, August 01, 2011 By Terence P. Jeffrey (CNSNews.com) - The bill to increase the federal debt limit that has been put before Congress today would increase that limit by...
-
Washington Times: House GOP revolts against Boehner plan House Republicans do not have enough support to pass their debt-ceiling increase plan on their own, a top conservative said Tuesday as his party’s leaders tried to cobble together a coalition...
- Wtf???
MSNBC: McConnell proposes giving Obama debt ceiling power Increase would take effect unless House, Senate enact legislation disapproving it WASHINGTON — The top Republican in the Senate proposed on Tuesday giving President Barack Obama sweeping new...
-
So now they're borrowing both our children's future and our parent's past to pay to keep this sham of a government alive. Treasury to tap pensions to help fund government By Zachary A. Goldfarb, Published: May 15 | Updated: Monday, May 16,...