Treasury sets Oct. 17 debt limit deadline | TigerDroppings.com

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pistolpete23
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Treasury sets Oct. 17 debt limit deadline


quote:

Congress must agree to raise the nation’s debt ceiling by Oct. 17, the Treasury Department said Wednesday. Treasury Secretary Jack Lew had previously set a more hazy deadline of mid-October for lifting the $16.7 trillion limit.


quote:

Because of lower than expected revenues, Lew said, the Treasury would only have around $30 billion on that day. The federal government can owe up to $60 billion on any given day, Lew added.


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Lsut81
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re: Treasury sets Oct. 17 debt limit deadline


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Because of lower than expected revenues


I thought the Fed brought in more money than ever for tax year 2012?


So I guess its a spending problem not a revenue problem






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pistolpete23
In the present
Member since Dec 2007
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re: Treasury sets Oct. 17 debt limit deadline


quote:

I thought the Fed brought in more money than ever for tax year 2012?


So I guess its a spending problem not a revenue problem



quote:

Federal tax collections are up 14% this year; the total will be about $2.7-trillion–a record. Yet liberals say we suffer from austerity–that government isn’t spending enough.

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Bard
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re: Treasury sets Oct. 17 debt limit deadline


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So I guess its a spending problem not a revenue problem


But I thought Sequestration cut so much money from the federal budget that they couldn't do White House tours any longer...






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GeauxxxTigers23
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re: Treasury sets Oct. 17 debt limit deadline


Can someone just tell when the collapse is gonna get here already!?!?!?!?!?





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Lsut81
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re: Treasury sets Oct. 17 debt limit deadline


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Can someone just tell when the collapse is gonna get here already!?!?!?!?!?



No fricking shite... The further and further they keep kicking the can down the road is going to make the time the shite hits the fan soooo much worse.






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GeauxxxTigers23
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re: Treasury sets Oct. 17 debt limit deadline


I hope it's really bad. I've already got it all planned out. I'm gonna be a black market smuggler. Trading only in gold and silver. I'll be like pirate. Living in the grey area between right and wrong. It's gonna be awesome.





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