DEBT LIMIT ABOUT TO BE REACHED

[craychek]

According to Snow, the treasury secretary, we are going to go into default in febuary of 2006, unless congress does something quick. However, congress isn't getting back into session until january 31st of 2006.

So They have one of two options: come back to work early and deal with the problem, or hold an emergency session then go back on vacation.

Either way though, we are going to have to do something to stop the debt from rising otherwise our entire economy is going to collapse when other countries decide that our money is no good anymore. Growl...

[PDJane]

1. Even China

has been diversifying to the Euro.........this is going to be one very messy crash unless someone with sense down there figures out that starving everyone except the top 1% is a stupid thing to do.

[rsmith6621]

2. The DeLay Outcome Is More Important Than.....

......The Economy......

Frankly what can we do?????

This is a situation when British Parlimentry law would be great and have a vote of confidence of this administration.

[johnnypneumatic]

3. start selling off the blue states to Canada to pay down the debt

and everyone will be happier

[mainegreen]

6. I second that! nt

[hfojvt]

9. sure, great idea

what would you start with - Alaska?
How about followed by Wyoming, Texas, Oklahoma, and Kansas?
Maybe you are unaware - those are oil producing states.

[NanceGreggs]

4. Yeah, sure!

"... unless the debt limit is raised or the Treasury Department takes authorized extraordinary actions, we will be unable to continue to finance government operations," Snow wrote.

Unable to continue financing government operations? Fine with me. The 'government', under the Bush Administration, is now completely expendible - they do NOTHING, except hand out taxpayer dollars to cronies, Big Business, Big Pharma, Big Oil, waging war, plus corporate welfare and tax-cuts for those who certainly don't need it.

As for paying the salaries of elected officials, well, so few of them actually EARN their salaries, there's no loss there. How many US taxpayers WANTED their elected representatives to approve tax cuts for the rich, and bankruptcy laws that favour banks and credit card companies' profits over their own financial welfare? They're paid to REPRESENT their constituents, not to BANKRUPT them.

Snow is the financial equivalent of Micheal Brown - incompetent to the core in his current position. If he thinks the debt limit needs to be raised yet again, let him put his OWN money where his mouth is - he can 'lend' every penny he has to the Bush government, and hold his breath waiting for a 'return' on his investment.

Need some bucks in a hurry? Fine; there's lots of places to get it. Rescind the tax cuts to the top 1% immediately, and make it retroactive. The government can just debit the amount from their bank accounts -- I doubt that they'll even notice the money is gone, it's so inconsequential in comparison to their wealth anyway.

No more money on Iraq, except the cost of bringing all of the troops home NOW. That'll save them a bundle right off the top.

Rescind all raises that elected officials have given themselves in the last five years - again, retroactively.

Make immediate demand on Halliburton and other war contractors who, regardless of the fact that they have accounting teams that rival the size of small armies, can't seem to account for the taxpayer dollars they've already been given and how it's been spent.

Start making corporations pay their fair share of taxes - they can always dip into their 'offshore' bank accounts, if they're strapped for cash.

If they're still short, they can always seize the bank accounts and liquidate the assets of Wolfowitz, Cheney, et al -- you know, the 'This War Will Pay For Itself' crowd.

End of RANT!

[Jamison]

5. I hate to be so pessimistic, but

how in the hell can we ever pay this off? 8 trillion is mind-boggling. I think we're screwed!

[proud2BlibKansan]

7. Oppose the DELAY FOR DELAY!!

This is one more reason.

Call or write your congress critters TODAY.

[demnan]

8. They will raise the ceiling

then interest rates for every loan in this country are going to go through the roof.

[Nordmadr]

10. Didn't we JUST raise the debt ceiling? WTF! N/T

[PDJane]

11. Yes.

But there's an occupation going on, and that's really expensive........besides, cutting all those tax dollars so the rich get to keep more is expensive too, eh?