It's About Liberty: A Conservative Forum

Topics => Economy => Topic started by: Libertas on May 12, 2011, 08:22:02 AM

Title: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: Libertas on May 12, 2011, 08:22:02 AM
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201105111542dowjonesdjonline000477&title=treasury-auctions-to-take-us-over-debt-ceiling-on-monday (http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201105111542dowjonesdjonline000477&title=treasury-auctions-to-take-us-over-debt-ceiling-on-monday)

Obama sets another ignominious low.
Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: Sectionhand on May 12, 2011, 08:24:53 AM
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201105111542dowjonesdjonline000477&title=treasury-auctions-to-take-us-over-debt-ceiling-on-monday (http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201105111542dowjonesdjonline000477&title=treasury-auctions-to-take-us-over-debt-ceiling-on-monday)

Obama sets another ignominious low.

It's called "Forcing The Issue" .... ::cussing::
Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: michelleo on May 12, 2011, 12:20:13 PM
Debt ceiling?  What debt ceiling?
Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: Libertas on May 12, 2011, 12:50:11 PM
Law?

Congress?

What Law?

What Congress?
Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: Predator Don on May 12, 2011, 03:31:59 PM
Debt ceiling?  What debt ceiling?

Yea, in reality, there isn't one.
Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: Libertas on May 16, 2011, 10:15:41 AM
Treasury targets pension funds -

http://www.zerohedge.com/article/treasury-confirms-debt-ceiling-be-breached-today-will-tap-pension-funds?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29 (http://www.zerohedge.com/article/treasury-confirms-debt-ceiling-be-breached-today-will-tap-pension-funds?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29)
Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: IronDioPriest on May 16, 2011, 10:27:31 AM
Can it be any more obvious that the Leftists intend to create a fiscal crisis in service of their agenda to destroy this country with the intention of re-creating it?

In my mind this is treason, worthy of the constitutionally proscribed penalty.
Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: Libertas on May 16, 2011, 10:38:23 AM
No to the first, yes to the second.

Sadly, the number of citizens recognizing either is woefully inadequate to say the least!

 ::gaah::
Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: charlesoakwood on May 16, 2011, 11:00:26 AM

These "citizens" don't recognize anything unless it is breathlessly repeated several times for several days.
This information will be conveyed as business a usual against radicals that want to drive the nation into default.


Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: Pandora on May 16, 2011, 02:13:08 PM
Treasury targets pension funds -

http://www.zerohedge.com/article/treasury-confirms-debt-ceiling-be-breached-today-will-tap-pension-funds?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29 (http://www.zerohedge.com/article/treasury-confirms-debt-ceiling-be-breached-today-will-tap-pension-funds?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29)

"Borrowing" from Federal pensions, supposedly, because Treasury is "legally required" to pay the money back.

Like they did with SS.   ::saywhat::

Are we almost there?
Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: trapeze on May 16, 2011, 02:23:32 PM
Treason? No, I don't think so. It's just politics. The question is whether or not the Republicans will get suckered into doing something stupid. Like voting to raise the debt ceiling.

The fact that the world has not ended since this morning should give them some cover on standing firm, though.

I wonder if Lawrence O'Donnell has wet himself yet? He was going berserk on the night of the election last year demanding to know what the Republicans were going to do about the debt ceiling. It was like some kind of psychotic episode. Very bizarre.

Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: Pandora on May 16, 2011, 05:14:55 PM
No.  Treason is not that to which I refer.
Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: charlesoakwood on May 16, 2011, 06:56:32 PM
No.  Treason is not that to which I refer.

One would think they are pouring gasoline but too many are unaware; it won't burn until there is a mass spontaneous combustion.

Billy Joel - We Didn't Start The Fire (http://www.youtube.com/watch?v=eFTLKWw542g#)

Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: Sectionhand on May 17, 2011, 04:50:32 AM
It turns out , to the chagrin of Stymies team , that a majority of Americans are not that worried about not immediately raising the debt ceiling ... despite the warnings of dire consequences .
Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: Libertas on May 17, 2011, 07:08:16 AM
That may be true, but they still trot Turbo Timmy out to say if it is not raised the eeeevil Repub's will push us into a double-dip...which is to say Treasury, Fed, CEA, OMB, CBO & the rest of the alphabet soups probably think the risk of a double-dip is already pretty high and it hurts The Regime not a bit to pin the blame on the Repub's now so that if the double-dip comes (that it is purely a result of Obamanomics will be rendered moot by The Regime and their water-carriers in the MFM!) they can merely point to their prescient warning and say "See I told you so!"...it's all about blame...that's all these children have to offer...blame!
Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: Predator Don on May 17, 2011, 06:25:57 PM
That may be true, but they still trot Turbo Timmy out to say if it is not raised the eeeevil Repub's will push us into a double-dip...which is to say Treasury, Fed, CEA, OMB, CBO & the rest of the alphabet soups probably think the risk of a double-dip is already pretty high and it hurts The Regime not a bit to pin the blame on the Repub's now so that if the double-dip comes (that it is purely a result of Obamanomics will be rendered moot by The Regime and their water-carriers in the MFM!) they can merely point to their prescient warning and say "See I told you so!"...it's all about blame...that's all these children have to offer...blame!


Little timmy needs a fall guy...and it is always republicans...the libs need to prop up this economy until the next election. Is QE 3 far away? Or libs may not call it QE3, but the result will be the same.
Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: Weisshaupt on May 17, 2011, 07:12:45 PM
Little timmy needs a fall guy...and it is always republicans...the libs need to prop up this economy until the next election. Is QE 3 far away? Or libs may not call it QE3, but the result will be the same.

Sell the Gold!
http://www.nysun.com/national/selling-gold-at-fort-knox-emerges-as-next-big/87350/ (http://www.nysun.com/national/selling-gold-at-fort-knox-emerges-as-next-big/87350/)

I have to ask.. what makes anyone think they haven't already sold the gold?

Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: John Florida on May 17, 2011, 07:27:13 PM
Law?

Congress?

What Law?

What Congress?

 Both meaningless to this guy!!
Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: charlesoakwood on May 17, 2011, 08:43:20 PM
Little timmy needs a fall guy...and it is always republicans...the libs need to prop up this economy until the next election. Is QE 3 far away? Or libs may not call it QE3, but the result will be the same.

Sell the Gold!
http://www.nysun.com/national/selling-gold-at-fort-knox-emerges-as-next-big/87350/ (http://www.nysun.com/national/selling-gold-at-fort-knox-emerges-as-next-big/87350/)

I have to ask.. what makes anyone think they haven't already sold the gold?



Paul, on more than one occasion, has said he doesn't think it's there and also said he would like an audit. He's pushing on the same button with this request.

Title: Re: Obama's Treasury Dept Busts Through Debt Ceiling
Post by: Weisshaupt on May 17, 2011, 09:35:26 PM
Paul, on more than one occasion, has said he doesn't think it's there and also said he would like an audit. He's pushing on the same button with this request.

Actually its probably there, just encumbered - leased to other parties..