Actually, we’re running beyond empty now. The United States can’t legally borrow any more money until Congress acts to raise the debt ceiling. US government hits debt ceiling, lighting 11-week fuse Treasury Secretary Timothy Geithner informed Congress on Monday that the United States has reached its legal debt limit, setting off a ticking time bomb [...]
Filed under: Blog Entry | Tagged: $14.3 Trillion, 11 Weeks, 2012 Elections, Ante, Barack Obama, Borrow, Borrowing, Bridge Differences, budget, Budget Deficits, Budget Reforms, Catastrophic, Catastrophic Economic Consequences, Citizens, Combative Statement, Congress, Consequences, Control, Creditors, Cuts, Deal, Debt Ceiling, Debt Limit, Default, Democrats, Differences, Economic, Economic Consequences, Effectively Default, Equal Measure, Expected, Federal Pension Accounts, Federal Workers, Government, Government Borrowing, Government Spending, Greater, Halting, Harry Reid, House Speaker, Increase, Issue, John Boehner, Lawmakers, Legal Debt Limit, Letter, Link, Money, National Debt, Numerous Times, Obama Administration, Obligations, Payments, Raises, Reforms, Republicans, Restored Later, Retirement Accounts, Senate Majority Leader, Serious, Serious Budget Reforms, Significant Spending Cuts, Spending, Spending Cuts, Temporarily, Temporarily Halting, Temporarily Halting Payments, Three Months, Ticking, Ticking Time Bomb, Time Bomb, Timothy Geithner, Treasury Secretary, U.S. Government, U.S. National Debt Clock, U.S. Senate, United States, Upped, Vow, Warning | Leave a Comment »
