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The new debt ceiling will reached on September 6

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posted on Aug, 30 2011 @ 03:14 PM
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Thre national debt is increasing by $3.647 billion dollars per day. At that rate, the new debt ceiling ($14.694 trillion) will be reached on September 6. Why isn't anybody talking about this?




posted on Aug, 30 2011 @ 03:16 PM
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reply to post by delrio256
 


You will be ok, the Lybian gold should have made it to your shores by then.



posted on Aug, 30 2011 @ 03:22 PM
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Originally posted by delrio256
Thre national debt is increasing by $3.647 billion dollars per day. At that rate, the new debt ceiling ($14.694 trillion) will be reached on September 6. Why isn't anybody talking about this?
I am assuming they have some sort of "national emergency" planned prior to that date. This will distract the majority of the sheeple and TPTB will ram something through like with obamacare.



posted on Aug, 30 2011 @ 03:27 PM
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reply to post by sonofliberty1776
 


It doesn't seem they have much of an emergency plan for us. They, however, are abandoning the ship like rats. We have enough distractions now (quakes, wildfires, radiations, oil leaks, flooding, crippled stock markets, the new pandemic, etc).



posted on Aug, 30 2011 @ 03:36 PM
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Originally posted by delrio256
Thre national debt is increasing by $3.647 billion dollars per day. At that rate, the new debt ceiling ($14.694 trillion) will be reached on September 6. Why isn't anybody talking about this?



According to this thread, procedures were put in place to (almost) automatically raise the debt ceiling again by another 500 billion.
And again after that more than 1 trillion.

www.abovetopsecret.com...

So you dont need to have any discussion about it.



posted on Aug, 30 2011 @ 03:37 PM
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reply to post by delrio256
 


Is that according to you, or is this the actual data? Not being rude, I'm just surprised that we aren't talking about it, if it is the case. What I don't think you are taking into account is the amount of money we have coming in at the sametime that it is going out. Are we going to come clost to hitting the debt ceiling again? Yes, I'm sure of it!! And I have to imagine it would be in the not to distant future (couple years), but Sept. 6th is a little to soon, even by their standards.



posted on Aug, 30 2011 @ 04:17 PM
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posted on Aug, 30 2011 @ 05:06 PM
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reply to post by TheRealTruth84
 


If you notice the national debt clock, the rate of debt is $3.647 billion per day and not at the $2.75 billion per day that is shown on the other thread. That makes September 6 the date when we reach the debt ceiling again ..... much sooner than expected. It may be true that there will be an automatic extension of 500 billion and then another trillion but when in the hell are they going to cut spending? We have been duped once again. Does Congress really think the American people are so stupid that we don't know what's going on? We were past the point of no return a long time ago. We're nose diving into the ground and Congress has just pushed the throttle forward!



posted on Aug, 30 2011 @ 09:06 PM
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reply to post by delrio256
 


The national debt is increasing at a daily rate of $3.647 billion, not $2.5 billion. The debt ceiling will be reached on September 6.



posted on Sep, 3 2011 @ 10:24 AM
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reply to post by delrio256
 


3 more days



posted on Sep, 3 2011 @ 10:35 AM
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reply to post by delrio256
 


They are not going to cut spending. They have proven themselves incapable of doing so.

What was agreed was simply forming a committee to agree a future reduction in the rate of increase of the spending.

They will have to keep devaluing the dollar, causing more instability worldwide.



posted on Sep, 5 2011 @ 09:23 PM
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reply to post by justwokeup
 


One more day.



posted on Sep, 5 2011 @ 09:25 PM
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We ( The US ) spent 1 trillion in the last 10 months.. I would not say that the op's estimate is too far out of bounds!! Thanks for your thread...S/F
edit on 5-9-2011 by CherubBaby because: typo



posted on Sep, 6 2011 @ 04:11 PM
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reply to post by CherubBaby
 


The new debt ceiling ($14.694 Trillion) has just been reached. After 34 days the government has managed to go in debt another $600 Billion. Will Obama raise the debt ceiling again on his own or will there be an automatic increase of the debt ceiling? Imagine that? The government needs more money to spend.



posted on Sep, 7 2011 @ 01:03 AM
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Currently the federal debt is $14.6 trillion.

On August first the debt ceiling was $14.2 trillion.

The Budget Control Act of 2011 increased the ceiling by $400 billion immediately and allowed the president to personally increase it an additional $500 billion if need be. A $900 billion increase.

14.2+0.9=15.1

Certain cuts have already been made which pushed the new default date to September 30. This is likely the date when the president will increase the debt ceiling or the super committee will have passed a plan for deficit reduction.

The 2011 budget has already been funded, regardless of the debt ceiling.

The sky is not falling or the debt doesn't really matter and you should stop listening to politicians that tell you it does.



posted on Sep, 7 2011 @ 10:20 AM
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"the debt doesn't really matter"

You may be on to something. The national debt will never be paid off .... so why should the government attempt to pay it down? Why have a debt limit? Does it really matter whether it's 15 trillion or 30 trillion? What are the consequences?

Do we really think our creditors would call in their loans? Naaaaaah! They wouldn't do that. Besides, we're too big to fail! :-)



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