Re: War In Iraq: Spending the US Into the Poor House...

In article
<Phaedrine.Stonebridge-81DE00.21250401012006@xxxxxxxxxxxxxxxxxxxxxxxx>,
Phaedrine <Phaedrine.Stonebridge@xxxxxxxxxxxxxxx> wrote:

> ...while giving more tax breaks to the wealthy. Gee thank you King
> George for turning our children into indentured servants.
> ??????????????????????????
> <http://www.foxnews.com/story/0,2933,180133,00.html>
>
> Snow: Congress Needs to Help U.S. Pay Bills
> Thursday, December 29, 2005
>
> Snow: Tighten Control of Fannie Mae, Freddie Mac
> WASHINGTON ? Treasury Secretary John Snow on Thursday said the United
> States could face the prospect of not being able to pay its bills early
> next year unless Congress raises the government's borrowing authority,
> now capped at $8.18 trillion.
>
> Snow, in a letter to lawmakers, estimated that the government is
> expected to bump into the statutory debt limit around the middle of
> February.
>
> "At that time, 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.
>
> If the department were to carry out various accounting maneuvers ? as it
> has done in the past to avoid breaching the limit ? that would free up
> finances and allow the government to keep paying its bills "no longer
> than mid-March," Snow wrote.
>
> Boosting the debt limit is more a matter of politics than economics.
>
> Economists doubt Congress will refuse to raise the limit. A federal
> default is considered unimaginable because it would rattle bond markets,
> force interest rates higher and shake the economy.
>
> The last time Congress agreed to boost the debt limit was in November
> 2004 ? from $7.38 trillion to the current $8.18 trillion. The
> government's statutory borrowing authority also was pushed up in 2002
> and in 2003.
>
> Snow's letter did not say how much of a boost to the current debt limit
> the department would like to see this time.
>
> Instead, Snow implored: "I am writing to request that Congress raise the
> statutory debt limit as soon as possible."

It is clear that what we need is another tax cut for W's rich
supporters, especially now that they have cut health and welfare
programs for poor Americans and students. I think the agenda is set to
take care of this on return of congress after the holidays

I'll never forgive the dorkhead religionists for selling out this nation
as they have. Their gullibility is beyond comprehension, and, if you
happened to notice, they didn't even get payback. The rich sure did -
big time.
.

Relevant Pages

  • War In Iraq: Spending the US Into the Poor House...
    ... Congress Needs to Help U.S. Pay Bills ... Snow: Tighten Control of Fannie Mae, ... unless the debt limit is raised or the Treasury ... Boosting the debt limit is more a matter of politics than economics. ...
    (alt.religion.islam)
  • Re: War In Iraq: Spending the US Into the Poor House...
    ... >> ...while giving more tax breaks to the wealthy. ... >> Snow: Tighten Control of Fannie Mae, ... >> next year unless Congress raises the government's borrowing authority, ... unless the debt limit is raised or the Treasury ...
    (alt.religion.islam)
  • OT: Bush Administration Robs Pension Funds
    ... Treasury Dept. Moves to Avoid Debt Limit ... In a letter to Congress, Snow urged lawmakers to pass a new debt ceiling ...
    (alt.guitar.amps)
  • Bush junta declares they and they alone are the law, other branches of federal government belong to
    ... When Tony Snow made the rounds of talk shows this week, ... "There's another principle, which is Congress doesn't have the ... legislative -- I mean oversight authority over the White House." ... the White House is under no compulsion to do anything. ...
    (alt.politics)
  • Re: Buy gold...
    ... Congress is expected to agree to an extension, ... and legal actions" to avoid reaching the debt limit. ... Congress to raise the government debt limit. ...
    (rec.music.gdead)