50/50 Chance That Debt Ceiling Goes Down To The Wire
From
ABC News:
A senior White House official says that there's a 50/50 chance that the current deficit reduction mess will not be resolved by this time next week, the day before the federal government may officially run out of money to pay all its bills.
"We may be here as we tick down to midnight," the official said. Treasury Secretary Tim Geithner has said August 2 the federal government runs out of funds, with incoming revenues far less than outgoing bills.
I hope US defaults. Spending must be curtailed without new taxes. Closing loopholes,winding down Obama's unconstitutional and unnecessary wars, and cutting military spending is preferred way to cut spending.
ReplyDeleteSleazy SS lawyers, dishonest claimants, and lazy ALJs who pay everyone aren't helping deficit, either.
Be careful what you wish for, A at 9:50PM. You may just get it.
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