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March 4th the the Federal Government runs out of money???

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posted on Feb, 16 2011 @ 11:39 AM
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As the guy says, mark your calenders for March the 4th..

This is said to be the day the federal government runs out of money.. If nobody can sort something out that is.


Will There Be Another Government Shutdown?

news.yahoo.com...

I'm not an expert on the way the USA runs itself, so I'm sure there will be loads of you out there who can clear up any questions.. like, is the Federal Government THE government or a seperate body?




posted on Feb, 16 2011 @ 12:03 PM
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Dont worry, they will just print more, and spend that too.


2nd line



posted on Feb, 16 2011 @ 12:14 PM
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The federal government has been out of money for a long time--it's over 14 trillion dollars in debt and counting.

That is, if you can even call the worthless paper that is the US dollar "money".



posted on Feb, 16 2011 @ 12:17 PM
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Don't they still have the printing presses.or did they run out of ink and can't get more cause we're broke.



posted on Feb, 16 2011 @ 12:25 PM
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Originally posted by Extralien
As the guy says, mark your calenders for March the 4th..

This is said to be the day the federal government runs out of money.. If nobody can sort something out that is.


Will There Be Another Government Shutdown?

news.yahoo.com...

I'm not an expert on the way the USA runs itself, so I'm sure there will be loads of you out there who can clear up any questions.. like, is the Federal Government THE government or a seperate body?




It's a scare tactic to make the sheeple aquiesce when TPTB decide to print more money to give to themselves and their rich friends.

Actually the Federal Governemnt thinks they are EVERYTHING and the ONLY thing that matters in this country. They forgot the whole concept of being the SERVANTS of the people who put them in place....and what's worse is the people seem to have forgotten that WE hold the REAL power, we just need to wield it.

The point of the Civil War was that the Fed was exerting too much power over the Southern States. When the Fed won the war, it was the beginning of the end for the USA. What we are seeing now is the result of that scumbag Lincoln and his policies. Thanks Lincoln, may you burn in hell.

So, to answer your question- Yes, the Federal Government is the only government that really matters in the US. Local governments will sometimes try to assert themselves, but the feds threaten to withhold tax funds and the local government caves in every time. Even in Montana when they had the "No Speed Limit" thing for a while, the Feds withheld highway dollars and the Montana gov't caved.



posted on Feb, 16 2011 @ 12:53 PM
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The Gross Domestic Product for USA is about $14 trillion a year.

The revenue collected is about $4, 283 billion for 2010.

It may not be enough to service the debts to the Feds, after deductions for social expenditure.

TIme for Obama to do his fave thingy - bowing, and bow on behalf of all americans to the feds, to have mercy on USA over the debts, doomed and beholden to the money masters that had enslaved us all. No wonder Obama was allowed to be elected. Racism symbolism and message carried out to the extreme!

Americans sure are a forgiving lot. Those legislators who led USA down this lane not only do not take the blame, or be held responsible for the debts, hell, they even get rich over it while the innocent masses and their children go homeless and hungry!!!!



posted on Feb, 16 2011 @ 01:11 PM
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reply to post by DragonTattooz
 


Thanks for that..

Looks like the only way things will get sorted, if it all goes wrong, is a massive peaceful protest as we've recently seen.

It has been a stunning ride these last few years.. Everything seemed to reach boiling point with hurricane Katrina and the war in Iraq, then it all simmered down and up popped global warmings ugly head only to lead us into a global economy of gloom and doom.

What will be the icing on the cake before everyone just 'down tools' and marches forth?

If everyone stopped spending and withdrew all their money out of the banks, maybe that would also do the same as a peaceful protest.. nobody can arrested or 'tricked' into a violent response in order for the big guns to come out of the closet of TPTB.



posted on Feb, 16 2011 @ 01:19 PM
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This has nothing to do with debt or "running out of money".

This is the day the budget needs to be passed by...it happens every year...someone contact chicken little and tell him the sky isn't falling.....again.


Why is it fun for some people to live in a constant state of panic???



posted on Feb, 16 2011 @ 03:31 PM
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The stock market is being proped up by FED money. If the federal goverment hits the debt limet and does not incress it the FEDs no longer can prop the stock market and you will see a flash crash march 4th.

FUN STUFF COMING......NOT!
edit on 16-2-2011 by camaro68ss because: (no reason given)



posted on Feb, 16 2011 @ 04:31 PM
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reply to post by DragonTattooz
 


maybe "off topic" but big picture thinking its right on topic.

you sir are so correct about the uncivil war and the crook lincoln (not his real name btw)

everyone needs to learn about JD-----Jefferson Davis.. read his thoughts, the last true great leader our nation has seen..

me and you and possibly others should collaborate and make the end all thread about the war between the states, who was behind it, why, and how the articles of confederation is what the revolutionary war fight was to ensure happened after, not the brain dead idiots spouting "the constitution" which was like installing another King to serve under..legalease version: understand..aka. stand under..



posted on Feb, 16 2011 @ 04:36 PM
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reply to post by SeekerofTruth101
 


good old rothschild zionists will surely inflate us out of this mess. $10 gal gas, $1,000 food bills, and no jobs,, except for the city/county/state/federal employees..


many racist blacks love having a black president more than who that black president is.

out of the pot, into the fire.. kinda like how the "slave owners" gave the indentured servants a better life than would have happened under their own african captors.



posted on Feb, 16 2011 @ 04:53 PM
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reply to post by Extralien
 




This is said to be the day the federal government runs out of money.. If nobody can sort something out that is.


Debt Ceiling. There is actually a law that permits Congress from borrowing a certain amount of money. The Ironic part is that Congress makes the law to limit how much Congress spends


In order for the Government (to answer your last question the Government and Federal Government are the same thing) to have funds in it's accounts to pay for........ anything... the money has to be authorized by Congress and placed their by the Treasury.

If Congress fails to fund the Treasury, the Treasury cannot, by law, fund the Accounts of the very, very many different agencies.

The Agencies will then be left standing with Accounts with As-Is-Balances meaning once their accounts run out, it's out and they get no more until Congress passes a new law.

Unlike the Budget, which can also cause the same issue, the Debt Ceiling is funding a budget.. meaning we have a set amount of money we project we need, but we cannot fund it because we have to sell new debt in order to fund the Accounts.

This is different than "printing" the Money.

By Printing the money, Congress has to pass a law increasing the annual production of Money, thus debasing the currency "directly".

By using a "Debt Ceiling" through the sale of Tbills, Treasury Note, Bonds, etc, etc.. the Treasury will auction debt at interest.. This keeps a demand for Govenrment debt, thus Dollars, thus our Buying Power is less effected than if Congress "printed" the money.

However if the Federal Reserve buys the debt, which they have been, it has the same effect until it comes time to roll the debt, in which they can then destroy it .. just a better means to control the currency. Oops. I mean, we don't control our currency, that's bad. Wink wink.

"Shutting down the Government" won't happen, it's only happened once and that was under Clinton, and for a very short period of time.



posted on Feb, 16 2011 @ 05:12 PM
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reply to post by Extralien
 


I have faith that our criminal leaders will find a way to continue stealing the fruit of the peoples' labor.




edit on 16-2-2011 by mnemeth1 because: (no reason given)



posted on Feb, 17 2011 @ 12:04 AM
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Originally posted by SeekerofTruth101
Those legislators who led USA down this lane not only do not take the blame, or be held responsible for the debts, hell, they even get rich over it while the innocent masses and their children go homeless and hungry!!!!


Yeah, what he said. Let's fire their arses and good riddance to the whole lot. Oh, and we can't afford to pay any of you your stinkin life-long retirement for serving such a piddling amount of time, either! I'm sure you won't starve. You've already lined your pockets nicely. We have every right to lock you up for breach of contract. You people took an oath to protect this country, instead you robbed us blind. You also vowed to uphold the Constitution. Instead you made a mockery of it. Well I want my life back-- the one that includes my rights to liberty and pursuit of happiness. So do us all a favor... do not pass GO, do not collect $200. Just go away and leave us in peace. Literally.



posted on Feb, 17 2011 @ 10:12 PM
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There needs to be one but the draconian GOP will force the Patriot Act provisions expiring on Feb 28 to be permentized before they will begin debate about the money issue.

We got a few trillion in reserve for matters like ths one here to maintain the operation of Govt.



posted on Feb, 21 2011 @ 12:41 AM
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i never really liked it when specific dates are given on a potential catastrophe, meltdown, etc

it like never happens

does anybody remember when a specific date was given and the event that they said will occur actually occurred?



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