 just when you thought it couldn't get worse, U.S. running out of cash?!?!?!?!? |
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 Mar 14 2006, 04:07 PM
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 Team Fargo  Group: Members Posts: 1,073 Joined: 19-July 05 From: Roseville, MN Member No.: 216  |
WASHINGTON (AFP) - Treasury Secretary John Snow urged Congress to set aside partisan bickering and raise the US national debt ceiling this week, or face a disastrous cash crunch for the federal government.
more: http://news.yahoo.com/s/afp/20060314/bs_af...my_060314155502 -------------------- Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny....Thomas Jefferson
Definition of tyranny: a government in which absolute power is vested in a single ruler If Tyranny and Oppression come to this land, it will be in the guise of fighting a foreign enemy....James Madison |
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Mar 14 2006, 04:15 PM
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ED HEAD Group: Members Posts: 2,291 Joined: 12-August 05 Member No.: 1,390 |
QUOTE(tobyo @ Mar 14 2006, 06:07 PM) WASHINGTON (AFP) - Treasury Secretary John Snow urged Congress to set aside partisan bickering and raise the US national debt ceiling this week, or face a disastrous cash crunch for the federal government. more: http://news.yahoo.com/s/afp/20060314/bs_af...my_060314155502 [right][snapback]160379[/snapback][/right] Kind of old news, and not surprising given the spending policies of this WH. The useful questions are: who's buying the debt and what arethey going to expect in return (China and a free pass on Taiwan are my guesses). |
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Mar 14 2006, 05:11 PM
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 applying McFadden's razor Group: Members Posts: 9,916 Joined: 7-October 05 From: Eugene, Oregon Member No.: 4,387 |
Just write 'em a check.
 Mac -------------------- "But when a long Train of Abuses and Usurpations,
pursuing invariably the same Object, evinces a Design to reduce them under absolute Despotism, it is their Right, it is their Duty, to throw off such Government, and to provide new Guards for their future Security." - The Declaration of Independence |
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Mar 14 2006, 05:40 PM
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 12 Parsys Group: Members Posts: 13,560 Joined: 3-September 05 Member No.: 2,972 |
When I got inside I turned on Dobbs.....and it was one bad economic thing after another. Our ports are not big enough---no recent infra structure---to handle the HUGE amount of crap being imported off-loaded....the UAE will prob sell to the US P&O ops, yes there is a US P&O ops here. The amount of BILLIONS spent on trade to get all this crap floated here while it sits on docks waiting to be....off loaded and transported while no one can inventory, secure, transport it all....
I mean....It was enough to have a drink. -------------------- Medicare Part E: Medicare for Everyone. Health care for profit has destroyed the United States. "The government is us; we are the government, you and I." ---Teddy Roosevelt |
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Mar 14 2006, 05:44 PM
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applying McFadden's razor Group: Members Posts: 9,916 Joined: 7-October 05 From: Eugene, Oregon Member No.: 4,387 |
I would suggest "Buy American" to reduce the flow of imports.
Except that we've moved all the factories overseas.  Mac -------------------- "But when a long Train of Abuses and Usurpations,
pursuing invariably the same Object, evinces a Design to reduce them under absolute Despotism, it is their Right, it is their Duty, to throw off such Government, and to provide new Guards for their future Security." - The Declaration of Independence |
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Mar 14 2006, 05:46 PM
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#6
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12 Parsys Group: Members Posts: 13,560 Joined: 3-September 05 Member No.: 2,972 |
QUOTE(Mac McFadden @ Mar 14 2006, 06:44 PM) I would suggest "Buy American" to reduce the flow of imports. Except that we've moved all the factories overseas. Mac [right][snapback]160468[/snapback][/right] Hmm, thats what was pointed out....If we MADE things we wouldnt have to IMPORT everything.....But we make nothing, but chaos. 
-------------------- Medicare Part E: Medicare for Everyone. Health care for profit has destroyed the United States. "The government is us; we are the government, you and I." ---Teddy Roosevelt |
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Mar 14 2006, 05:48 PM
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applying McFadden's razor Group: Members Posts: 9,916 Joined: 7-October 05 From: Eugene, Oregon Member No.: 4,387 |
A non-sequitar:
I'm surprised optometry isn't more of a booming field. We have sooooooo many short-sighted people in this country.  Mac -------------------- "But when a long Train of Abuses and Usurpations,
pursuing invariably the same Object, evinces a Design to reduce them under absolute Despotism, it is their Right, it is their Duty, to throw off such Government, and to provide new Guards for their future Security." - The Declaration of Independence |
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Mar 14 2006, 06:38 PM
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 Three Time Parsy Winner! Group: Members Posts: 1,585 Joined: 20-July 05 From: Western North Carolina Member No.: 268 |
Short of cash??? Just print some more.....
-------------------- "Madness takes it's toll."
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Mar 14 2006, 09:05 PM
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 Advanced Member Group: Members Posts: 596 Joined: 8-December 05 From: Augusta, GA Member No.: 6,683 |
You've got to realize...
The reported debt is not the only "debt." Banks, loan companies, and credit card companies have been printing money for years and years and I don't think that domestic debt is actually figured into the National Debt figures... There's going to come a point where if one man is late on his $50 Visa minimum payment, the whole system is going to come crashing down.... -------------------- “It is a truism that almost any sect, cult, or religion will legislate its creed into law if it acquires the political power to do so, and will follow it by suppressing opposition, subverting all education to seize early the minds of the young, and by killing, locking up, or driving underground all heretics. This is equally true whether the faith is Communism or Holy-Rollerism; indeed it is the bounden duty of the faithful to do so. The custodians of the True Faith cannot logically admit tolerance of heresy to be a virtue.”
Robert Heinlein, Concerning stories never written: Postscript. |
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Mar 14 2006, 09:20 PM
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#10
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12 Parsys Group: Members Posts: 13,560 Joined: 3-September 05 Member No.: 2,972 |
QUOTE(Paladin @ Mar 14 2006, 10:05 PM) You've got to realize... The reported debt is not the only "debt." Banks, loan companies, and credit card companies have been printing money for years and years and I don't think that domestic debt is actually figured into the National Debt figures... There's going to come a point where if one man is late on his $50 Visa minimum payment, the whole system is going to come crashing down.... [right][snapback]160642[/snapback][/right] ...that and they just UP the debt amount...seven TRILLION not high enough, lets do Nine TRILLION....  
-------------------- Medicare Part E: Medicare for Everyone. Health care for profit has destroyed the United States. "The government is us; we are the government, you and I." ---Teddy Roosevelt |
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Mar 14 2006, 09:50 PM
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Advanced Member Group: Banned Posts: 950 Joined: 13-January 06 Member No.: 7,774 |
QUOTE(David Steele @ Mar 14 2006, 04:15 PM) Kind of old news, and not surprising given the spending policies of this WH. The useful questions are: who's buying the debt and what arethey going to expect in return (China and a free pass on Taiwan are my guesses). [right][snapback]160393[/snapback][/right] Doesn't Congress approve all govt spending? The WH presents a proposal and Congress pads the bejezuz out of it to ensure re-election. BTW, by far the largest portion of govt debt is held by Americans - what the Chinese can expect for the bonds they hold is interest payments, that's all. Lieberman '08 |
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Mar 14 2006, 10:13 PM
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#12
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Team Fargo Group: Members Posts: 1,083 Joined: 8-February 06 From: San Diego Member No.: 8,602 |
QUOTE(Mac McFadden @ Mar 14 2006, 06:11 PM) Just write 'em a check. Mac [right][snapback]160446[/snapback][/right] JUST GET the money from social security and medicare and programs for the poor. |
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