Excellent points, Wayners, and in a similar vein...
Debt doomsday may come sooner than expected
politico.com
excerpt:
The federal government could hit the debt ceiling sooner than expected — and possibly around the November election — according to a report out Friday.
Lawmakers on Capitol Hill had hoped that last summer’s deal to end the nasty fight over lifting the debt ceiling would ensure the issue wouldn’t resurface until at least 2013.
But the Bipartisan Policy Center said Friday that the debt-limit doomsday could come earlier than that.
Analysts from the Bipartisan Policy Center projected that the United States will hit its $16.4 trillion debt ceiling between late November 2012 and early January 2013 due to lower-than-expected corporate tax revenues and the recent extension of the payroll tax holiday.
A number of other factors, such as the ongoing financial crises in Europe, volatile gas prices and how quickly the U.S. economy continues to grow could push the debt-ceiling deadline forward or backwards, according to the center.
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Forwards or backwards? Please! Spare us. The debt-ceiling will be reached much sooner, not later. Of course, Soetoro's goons will lie about the numbers as they've done during every day of his fraudulent administration, and like his OMB acting-idiot lied to Senator Sessions.
All of the illegal alien African Muslim's third-world math numbers have grossly underestimated and misrepresented the debt, the deficit, spending, and the growth of debt. We all saw the senate investigation questions posed by Sen. Sessions to the acting-idiot of the OMB. Sen. Sessions made it clear that the Soetoro administration has disregarded the budgetary laws and is wildly spending well over a trillion clownbux above and beyond the law, and they're lying about it. The debt ceiling will be reached quite soon, I assure you.
Every conservative and Republican under the sun should point this out daily and mention how the fraudulent bastard has lied, wrecked the economy and nation with his kept promises of Marxism, and destroyed lives. |
