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Thursday, December 19, 2013

SSDD

For those not familiar with the term, SSDD stands for Same Shit, Different Day. Which is pretty much the slogan of our current administration.

And here's a new and improved headline:

Obama administration says U.S. debt ceiling could be hit in February

Shocking news, right? Who would have thought the February deadline to work out a plausible budget would fall short?

Some of the finer points from the article:

  • The Obama administration warned Congress on Thursday that the government could run out of borrowing authority needed to help pay its bills as soon as February if lawmakers do not swiftly raise the federal debt ceiling.

  • In October, Congress and the administration suspended a $16.7 trillion cap on borrowing until February 7. If the debt ceiling isn't raised by then, Treasury will be able to juggle money between government accounts for a few weeks to keep just under the new limit.

  • After the money runs out, the government could start missing payments on its debt and other obligations, such as Social Security pensions. Many economists think a U.S. default could trigger a financial panic and perhaps even an economic depression.


OH NO!!!!!!!!!!! Our government is spending more than it makes and is overextending its credit!
We MUST raise the debt ceiling. That way, if we kick the can far enough down the road, everything will be ALL RIGHT!

I certainly agree that some cans NEED to be kicked in DC...

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