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Obama to ask congress to raise the debt ceiling again on Dec. 30

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posted on Dec, 27 2011 @ 09:39 AM
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More spending... yay!

America Maxes Out Its Credit Card Again - Treasury To Raise Debt Limit By Another $1.2 Trillion On December 30

U.S. TREASURY SAYS DEBT LIMIT TO BE RAISED BY $1.2 TRILLION
U.S. DEBT TO BE $100 BLN WITHIN LIMIT ON DEC. 30, TREASURY SAYS
STEPS FOR INCREASING DEBT LIMIT UNDER 2011 BUDGET CONTROL ACT

And the piece de resistance that 100% debt to GDP brings:

OBAMA ON DEC. 30 LIKELY TO ASK CONGRESS TO RAISE DEBT LIMIT


What a nice new year eve's gift for the American people... Congress, screwing America 365 days a year!

Debt as of December 22 : 15.123 trillion

New debt since Obama took office : 4.49 trillion.

Also relevant :
It's Official: US Debt-To-GDP Passes 100%

For now it's all ``good`` because the entire world is collapsing, America got flu while the world got cancer. But really, when the cancer is cured and the flu becomes the H5N1, the it's not going to be good... at all.
edit on 27-12-2011 by Vitchilo because: (no reason given)




posted on Dec, 27 2011 @ 09:41 AM
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We're F*cked. That's all.



posted on Dec, 27 2011 @ 09:42 AM
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reply to post by Vitchilo
 


He needs to , and will get a debt raise.

The Ponzi Scheme needs fresh money to continue.

This is not news , this is the New Math.



posted on Dec, 27 2011 @ 09:48 AM
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they're doing this every couple of months now...it's not sustainable AT ALL.

i predict that they might get away with doing this a few more times 2-4) but then people are going to start seeing how backwards and nonsensical it is to:

raise your allowed "margin of error" in order to make your utterly "erroneous" economy look alive.

this is like instead of giving an "F" on an exam that rightly deserves it, we gradually lower the standard of scores so that what qualifies as an "F" yesterday qualifies as a "D" today.

so dumb.



posted on Dec, 27 2011 @ 09:49 AM
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reply to post by Vitchilo
 


They'll raise it...But they will probably downgrade the US credit to F lol. what would a F rating do to a superpower?



posted on Dec, 27 2011 @ 09:50 AM
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reply to post by Vitchilo
 


I guess this will continue to happen every 3 months until the American people wisen up, and elect Ron Paul.

Also, every time it happens, new money is created out of thin air, inflating all the money already in the system.



posted on Dec, 27 2011 @ 09:51 AM
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reply to post by metalshredmetal
 




i predict that they might get away with doing this a few more times 2-4) but then people are going to start seeing how backwards and nonsensical it is to:

People are already seeing how backwards it is. It's just that the world economy is collapsing and since every ``economist`` have been brainwashed that America T-bills were the safest thing in the world, they go for it... but once the world's economy is solved (or totally collapsed) then America is screwed.
edit on 27-12-2011 by Vitchilo because: (no reason given)



posted on Dec, 27 2011 @ 09:51 AM
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reply to post by Vitchilo
 

No.
No. Just stop it.
Now.
No more.
No, nonononononononononononononononono.

No more.

Our nation is being run by idiots.
Morons.
Drooling simpletons.

Congress?
POTUS?

Your days are numbered.



posted on Dec, 27 2011 @ 09:53 AM
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Originally posted by beezzer
reply to post by Vitchilo
 



Our nation is being run by idiots.
Morons.
Drooling simpletons.

Congress?
POTUS?

Your days are numbered.



Ya , because when the Repubs take over , it will be Unicorns and Rainbows.

Get a clue.



posted on Dec, 27 2011 @ 09:55 AM
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reply to post by Tw0Sides
 


have you heard of a guy named Ron Paul? ...you should look into him.




posted on Dec, 27 2011 @ 09:59 AM
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Originally posted by metalshredmetal
reply to post by Tw0Sides
 


have you heard of a guy named Ron Paul? ...you should look into him.


I have heard of this RP you speak of.

Have you heard the story of the Dutch Boy and the dam.

Look into it.



posted on Dec, 27 2011 @ 10:12 AM
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can you belive it, it was only 6 months ago from the last debt limit raise. The numbers are getting larger and the time span shorter.



posted on Dec, 27 2011 @ 10:19 AM
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Originally posted by Tw0Sides

Ya , because when the Repubs take over , it will be Unicorns and Rainbows.

Get a clue.

Awwww, puddin' you must be new here. Non-productive responses are down the hall and to the left.

Back on topic, when the republicans take over (and they will) they should be held to the same level of scrutiny as the progs.

This isn't a left/right issue. The House rpublicans, if they currently allow this ceiling to be raised, will be no better than the liberal progressives that are ruining this country.



posted on Dec, 27 2011 @ 10:47 AM
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I'm sure they will raise it, unfortunately. Question is, what are they going to promise for the future and renege on after it passes? The cuts they promised last time will never come to fruition.



posted on Dec, 27 2011 @ 10:27 PM
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StopSpendingStopSpendingStopSpendingStopSpendingStopSpendingStopSpendingStopSpendingStopSpending

Any way to track the American debt ceiling to the downward spiral of the Zimbabwe or Weimer republic?

It's a familiar path. We should be able to track our progress along similar milestones.

StopSpendingStopSpendingStopSpendingStopSpendingStopSpendingStopSpendingStopSpendingStopSpending

Looks like Tw0Sides is an echo of the ObamaBots. Remember last year? It felt like elementary kids sat down in class projects and made illiterate pro-Obama/Anti-Capitalist posts in every thread they found someone posted Anti-Obama remark. The screen name itself is suspicious.


edit on 27-12-2011 by Dbriefed because: (no reason given)



posted on Dec, 27 2011 @ 10:35 PM
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Originally posted by NeoVain


I guess this will continue to happen every 3 months until the American people wisen up, and elect Ron Paul.


Why do so many people assume Ron Paul is the solution to everything?

I hate to break it to you, but this problem is even too big for Ron Paul to fix, even if we could put him in office TODAY... If he was half as smart as so many believe he is, he would run away from this and want no part of it.

That said, I wish him all the luck in the world at winning.



posted on Dec, 27 2011 @ 10:36 PM
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reply to post by metalshredmetal
 


Yes is now becoming an every other month issue, the same way that bailout loans to the EU countries are becoming also an every other month issue in order for the EU to keep working, remember also that the US fed feed the IMF that provide for those loans.

So no only is our government taking money to keep increasing our debt the Fed is also funding the debt of the EU.


edit on 27-12-2011 by marg6043 because: (no reason given)



posted on Dec, 27 2011 @ 10:42 PM
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DEAR LORD
all wise, just, and powerful, please silence Washington, pretty please with sugar on top

AMEN

Its too bad the american people were so Retarded to Vote for Obama, I hope you all learned your lesson???



posted on Dec, 27 2011 @ 10:44 PM
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Originally posted by camaro68ss
can you belive it, it was only 6 months ago from the last debt limit raise. The numbers are getting larger and the time span shorter.


Watch it grow in real-time...

www.usdebtclock.org...

The US economy is so fragile now that any massive cuts in spending will only cause more business failures and lost jobs and add to the worsening economy... As well as would raising taxes.

The only question is, how long can this continue before there are catastrophic and unstoppable consequences?

Meanwhile in China...




posted on Dec, 27 2011 @ 10:51 PM
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Originally posted by marg6043
reply to post by metalshredmetal
 


Yes is now becoming an every other month issue, the same way that bailout loans to the EU countries are becoming also an every other month issue in order for the EU to keep working, remember also that the US fed feed the IMF that provide for those loans.

So no only is our government taking money to keep increasing our debt the Fed is also funding the debt of the EU.


edit on 27-12-2011 by marg6043 because: (no reason given)


The FED is not a American Bank, dont let the name fool you. It is a private bank. Even the US Treasury have to ask the FED for money.
The loan the FED hands over to the IMF/EU is not a direct loan made on behalf of the American people.



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