Comments on: US to Hit Debt Ceiling at End of Month – Updated http://lonelyconservative.com/2010/02/us-to-hit-proposed-debt-ceiling-at-end-of-month/ Observations from a conservative in a blue state. With a little help from my friends! Sat, 26 May 2012 22:36:01 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: konsyltaciihttp://lonelyconservative.com/2010/02/us-to-hit-proposed-debt-ceiling-at-end-of-month/comment-page-1/#comment-75429 konsyltacii Sun, 16 Jan 2011 16:03:56 +0000 http://www.lonelyconservative.com/?p=16110#comment-75429 Decrease in the dollar - one of the ways to repay debts that were taken at the old prices, the same digital sum, but with a changed price level. Actually, the problem of debt - a very sensitive issue. Given that according to published information on the Internet U.S. national debt reached $ 14 trillion, then the question of relations with creditors is of great importance. How would I have decided to issue public debt without a substantial reduction in living standards of the debtor country, if I got a question? Although difficult to answer this question, the answer can be formulated, taking into account scientific and technical capacity of the state ...Partly this response could be associated with a significant decrease in cost of this state for energy through science and technology to reduce the cost of energy resources, given the largely foreign character of energy supply in this state. I repeat, not at the expense of political or economic influence ... The issue - a purely peaceful, using intelligence. Decrease in the dollar – one of the ways to repay debts that were taken at the old prices, the same digital sum, but with a changed price level.
Actually, the problem of debt – a very sensitive issue. Given that according to published information on the Internet U.S. national debt reached $ 14 trillion, then the question of relations with creditors is of great importance. How would I have decided to issue public debt without a substantial reduction in living standards of the debtor country, if I got a question? Although difficult to answer this question, the answer can be formulated, taking into account scientific and technical capacity of the state …Partly this response could be associated with a significant decrease in cost of this state for energy through science and technology to reduce the cost of energy resources, given the largely foreign character of energy supply in this state. I repeat, not at the expense of political or economic influence … The issue – a purely peaceful, using intelligence.

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]]> By: Fiscal Responsibilityhttp://lonelyconservative.com/2010/02/us-to-hit-proposed-debt-ceiling-at-end-of-month/comment-page-1/#comment-15360 Fiscal Responsibility Thu, 04 Feb 2010 16:33:03 +0000 http://www.lonelyconservative.com/?p=16110#comment-15360 Well, if it's *only* going to be $12 Trillion....I feel much better now, thanks. Well, if it’s *only* going to be $12 Trillion….I feel much better now, thanks.

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]]> By: Katehttp://lonelyconservative.com/2010/02/us-to-hit-proposed-debt-ceiling-at-end-of-month/comment-page-1/#comment-15355 Kate Thu, 04 Feb 2010 14:41:11 +0000 http://www.lonelyconservative.com/?p=16110#comment-15355 Either way, it's still bad news. They should repeal TARP now, pay down the debt and cancel raising the debt ceiling. This is out of control. Either way, it’s still bad news. They should repeal TARP now, pay down the debt and cancel raising the debt ceiling. This is out of control.

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]]> By: Doug Mataconishttp://lonelyconservative.com/2010/02/us-to-hit-proposed-debt-ceiling-at-end-of-month/comment-page-1/#comment-15354 Doug Mataconis Thu, 04 Feb 2010 12:19:49 +0000 http://www.lonelyconservative.com/?p=16110#comment-15354 AFP has the story wrong. What the Treasury is saying is that they expect to hit the top of the *current* $ 12 trillion debt limit, not that they expect the national debt to surpass $ 14 trillion in the next 24 days. The opening paragraphs of this AP story make that clear: http://finance.yahoo.com/news/Treasury-expects-to-hit-debt-apf-2905598611.html?x=0 AFP has the story wrong.

What the Treasury is saying is that they expect to hit the top of the *current* $ 12 trillion debt limit, not that they expect the national debt to surpass $ 14 trillion in the next 24 days.

The opening paragraphs of this AP story make that clear:

http://finance.yahoo.com/news/Treasury-expects-to-hit-debt-apf-2905598611.html?x=0

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]]> By: Lonely Conservativehttp://lonelyconservative.com/2010/02/us-to-hit-proposed-debt-ceiling-at-end-of-month/comment-page-1/#comment-15342 Lonely Conservative Thu, 04 Feb 2010 05:34:35 +0000 http://www.lonelyconservative.com/?p=16110#comment-15342 Another rhetorical question: Imagine if we all ran our finances like the federal government. Buying houses we can't afford - oh wait. Never mind. Another rhetorical question: Imagine if we all ran our finances like the federal government. Buying houses we can’t afford – oh wait. Never mind.

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]]> By: Rhetorical Questionhttp://lonelyconservative.com/2010/02/us-to-hit-proposed-debt-ceiling-at-end-of-month/comment-page-1/#comment-15341 Rhetorical Question Thu, 04 Feb 2010 05:28:33 +0000 http://www.lonelyconservative.com/?p=16110#comment-15341 So, can anyone explain: If the same people who are spending the money like water are the ones who set the level of the "Debt Ceiling", why, exactly, do we even have a "Debt Ceiling"? So, can anyone explain: If the same people who are spending the money like water are the ones who set the level of the “Debt Ceiling”, why, exactly, do we even have a “Debt Ceiling”?

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