Originally posted by delrio256
reply to post by Indigo5
It's just simple math......something the current administration can't handle. It can be precise. On the last National Debt Ceiling crisis, I missed
the date by only 2 days.
Please don't take this personaly...but that statement is false. It is not precise. Financial analysts and economists acroos the country of both
political leanings will tell you the same as well as past administrations both Republican and Democrat.
It is hard to assign your post credibility when it seems to be premised on idealogy.
I would also suggest the very fact that it is an election year makes predicting the date even more difficult as both Congress and the Treasury has
several mechanisms by which to delay the debt ceiling being hit prior to elections.
This is objective truth as known by folks on both sides of the political spectrum...and this adminstration is no more or less adept at math than any
other administration.
When folks insert idealogical agenda into mathematical or financial calculations, it becomes a very specific form of dishonesty.
Analysts from the Bipartisan Policy Center projected that the United States will hit its $16.4 trillion debt ceiling between late
November 2012 and early January 2013
www.politico.com...
Republican Sen. Rob Portman of Ohio, a former director of the Office of Management and Budget, predicts the debt ceiling will be hit in
mid-October unless the administration reins in spending or the Treasury Department uses those measures.
www.nationaljournal.com...
But in opposition to the Bipartisan Policy Center's research or the Republican former Director of Management and Budget...you are certain it will be
September 19th? BS is exhausting...if only those folks had gone to debtclock.com!!
With the elections every measure neccessary will likely be employed to delay the cieling being hit.
And you seem to forget the most obvious and glaring fact that the debt is dependant on revenues, which means it will shift dependant on the success of
the economy this year. But you have calculated those factors down tot he day as well? Toss in measures and mechanisms available tot he treasury and
congress have available tot hem and your claim of "September 19th" is silly and absurd.
edit on 11-4-2012 by Indigo5 because: (no reason given)
