U.S. $14.3 trillion borrowing limit reached today!

16 May 2011 14:30 - 16 May 2011 15:20 #1 by BearMtnHIB

WASHINGTON (AP) -- Treasury Secretary Timothy Geithner said Monday that he will immediately halt investments in two big government pension plans so the government can continue to borrow money.

Geithner informed Congress of his decision in a letter stating that the government had officially reached its $14.3 trillion borrowing limit. He repeated a warning that if lawmakers do not increase the borrowing limit by August 2, the government is at risk of an unprecedented default on its debt.


And now it wants to raise the credit card limit so it can borrow even more....
http://finance.yahoo.com/news/Debt-limit-reached-US-halts-2-apf-611732106.html?x=0&sec=topStories&pos=1&asset=&ccode=

Monday, May 16 was D-Day for The United States -- the day we hit the debt ceiling.
http://finance.yahoo.com/blogs/daily-ticker/u-hits-debt-ceiling-does-mean-201846202.html?sec=topStories&pos=main&asset=&ccode=

It probably won't matter anyway- since the world is supposed to end next saturday.

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16 May 2011 15:03 #2 by Martin Ent Inc
Yup.

Anyway those that are still here will have to put up with paying the debt while we listen to the pim,, I mean leader campaign for his next fiasco.

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