Latest topics
» I see this board has been quiet
Tue Jun 07, 2016 1:24 pm by Knight1009

» Hello Ya'll. *Theirmommie*
Tue Nov 17, 2015 9:42 am by my_lucid_bubble72

» 20 % of Americans Struggle To Buy Food
Thu Jul 16, 2015 1:00 pm by pbrad009

» The Make Some One Day Challenge
Wed May 27, 2015 12:32 pm by Prof_NSA

» Clues to why they not hiring you
Sun Apr 05, 2015 5:25 pm by Sandra5yearsunemployed

» New Year Nothing Change
Tue Jan 20, 2015 5:48 pm by Prof_NSA

» UF2 Members Chat Thread: Part 3
Mon Jan 19, 2015 4:01 pm by member

» Passed?!?! H.R. 3979: Emergency Unemployment Compensation Extension Act of 2014
Fri Dec 19, 2014 4:24 pm by charliekerper

» Forbes: America's #1 Problem is Jobs, Not Debt
Sat Nov 15, 2014 10:50 pm by jmainframe

» Economy just getting worse
Mon Oct 06, 2014 12:16 pm by oncemore

» UFO 2.1 VIDEO JUKEBOX - Our Chords & Keys To Ascension
Mon Oct 06, 2014 6:33 am by 

» January Jobs Report: U.S. Economy Adds 157,000 Jobs; Unemployment Rate Up To 7.9 Percent
Fri Oct 03, 2014 11:23 am by DesperateInRI

» Hey Guys!!!!
Mon Sep 29, 2014 9:17 am by pbrad009

» Up all NIGHT WORRIED!
Thu Sep 25, 2014 11:56 pm by pbrad009

» things are going to get worst
Sun Sep 21, 2014 7:51 pm by 

Social Networks
September 2016
SunMonTueWedThuFriSat
    123
45678910
11121314151617
18192021222324
252627282930 

Calendar Calendar


US checking account, and credit cards max'ed out

View previous topic View next topic Go down

US checking account, and credit cards max'ed out

Post by Dazed&Confused on Tue May 17, 2011 5:34 am

U.S. Treasury Secretary Timothy F. Geithner on Monday urged lawmakers to take “timely action to increase the debt limit in order to protect the full faith and credit of the United States and avoid catastrophic economic consequences for citizens.” (Saul Loeb, AFP/Getty Images / May 16, 2011)

By Jim Puzzanghera, Los Angeles Times

May 16, 2011, 8:37 p.m.
Reporting from Washington—
With the federal government hitting its $14.3-trillion debt limit, Treasury officials have started a complex fiscal juggling act to postpone the date when the government can no longer pay its bills.

But those accounting tricks, such as tapping two federal employees pension funds for loans, would buy only 11 more weeks for the White House and lawmakers to increase the debt ceiling. more below


Reference: http://www.latimes.com/business/la-fi-debt-ceiling-20110517,0,5038135.story


Dazed&Confused
Member

Posts : 346
Join date : 2011-02-22
Location : Philadelphia

Back to top Go down

Re: US checking account, and credit cards max'ed out

Post by Dazed&Confused on Tue May 17, 2011 5:43 am

Oh, I forgot to mention, on the backs of middle class the coffers will be raided. American's once again, will pay the price, they will raid another government fund, 2 Federal Pension funds. I only wish these Pension Funds were those of the Congress and White House Staff and Appointees, but of course, it will be on the middle class American's, the secretaries, maintenance, drivers, clerical...never think for one moment they would raid there own funds and ruin the lives of their great-great-great grandchildren.

I honestly believe the Republican would rather ruin this country, than see Obama in office for another 4 years, those greedy b-stards

Dazed&Confused
Member

Posts : 346
Join date : 2011-02-22
Location : Philadelphia

Back to top Go down

Re: US checking account, and credit cards max'ed out

Post by Dazed&Confused on Tue May 17, 2011 6:06 am

So it started in 2008 the

Banks defaulted due to housing crisis (which we have just double dipped into again).

Feds bail them out, and other countries around the world.

Million lose their jobs.

Fast forward 2010-2011

More lies from our government

Wall Street making record profits

# of Americans out of work, I gonna put the real number at about 30 million minus 1 million

Once again, we hit the debt ceiling and America can't pay its bills without raiding Federal Pension Funds. I wonder why they don't raid social security, or the funding for unemployment, since we don't even exist any longer.

States can't pay their bills and want to raid the unemployment fund.

Cities can't pay their bills but to hell with them, just increase property tax on the house you can't afford anymore.

I can't pay my bills

but

Wall Street and those Almighty unAmerican Oil companies are making record profits.

Last, but not least China is telling us to "get our financial house in order," okay that, China, okay that...

This is so horrible, I don't think I will pay my bills just in case something
BAD happens.

Dazed


Dazed&Confused
Member

Posts : 346
Join date : 2011-02-22
Location : Philadelphia

Back to top Go down

Re: US checking account, and credit cards max'ed out

Post by Sponsored content Today at 2:33 am


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum