Mitch McConnell Pledges To Avoid Debt Ceiling Disaster

WASHINGTON -- Senate Majority Leader Mitch McConnell (R-Ky.) said Sunday that despite his differences with President Barack Obama, he has no interest in shutting down the government or causing it to default on its debt.

Same song and dance...

Defaulting on the debt would not only shut down the government; economists say it could have catastrophic financial consequences. The Obama administration has previously refused to bargain with Republicans who wanted policy concessions from Democrats for agreeing to raise the debt ceiling.

Wouldnt be the first time i heard this broken record i mean how many times before the world catches on???

Treasury Secretary Jack Lew warned Congress on Friday that on March 16 the government would no longer have authority to take on debt to pay for spending Congress has already approved. If lawmakers don't raise the so-called "debt ceiling" by then, Lew said the Treasury Department can take "extraordinary measures" to continue government operations for a short time.

Every year its the same NLBS fear of government shutdown wait till the last second then pass a bill extending the hole digging ceremony!!!

link to Huffpost

Treasury Secretary Jack Lew warned Congress on Friday that on March 16 the government would no longer have authority to take on debt to pay for spending Congress has already approved. If lawmakers don't raise the so-called "debt ceiling" by then, Lew said the Treasury Department can take "extraordinary measures" to continue government operations for a short time.

The last time they did the "extraordinary measures", the government saved billion$

Maybe it's time again to self contribute to the national debt reduction.

Instead of unnecessary positions they should get Rid of unnecessary people...a reply to: xuenchen

a reply to: ATF1886

This is insanity isn't it. This government has defied logic and common sense for 15-20 years now. It seems that everything they do is contrary to the well-being of the citizen. They are going to wind up being the instruments to their own destruction as well as this nation's.

Hey as long as they can milk the dry cow they will...a reply to: CharlesT

a reply to: ATF1886
I'm afraid we'll see this same Kabuki theatre production for the next two years. It will never be their fault.Meanwhile, watch your IRA tank as the market reacts.

Yea i agree 100% whatll happen is Market hype making the zombies believe that the markets great for investing and in the meantime the needle gets closer to the bubble until it pops, in reality the Hollywood congress is awesome theyve managed to steal every penny possible with out repercussions its the worlds greatest legal thievery!!!a reply to: StanSchatt