Breaking: Treasury to Take Steps to Stay Below Debt Ceiling

[bobbyw24]

The U.S. will start taking “extraordinary” steps to extend the federal government’s authority to borrow funds as it nears the debt ceiling, said Treasury Secretary Timothy Geithner in letters to House and Senate leaders.

http://t1.gstatic.com/images?q=tbn:ANd9GcT8ccglUep38PGpjN3Z_tcIGjO_dszif ypKYGfwkJU7mUMa-F3PBg

Geithner told lawmakers last month that the U.S. would hit the debt ceiling by May 16 and could default as soon as July 8.

"Because it appears that Congress will not act by May 16, it will be necessary for the Treasury to begin implementing these extraordinary measures this week," said Geithner.

Stocks pared earlier gains following the news, with all three major indices trading slightly lower.

http://www.cnbc.com/id/42863614

[Matt Collins]

What "extraordinary" measures?

[bobbyw24]

What "extraordinary" measures?

Dunno--but I am sure they ain't good

[Acala]

What "extraordinary" measures?

Don't worry about it. They have TOP people working on it. "Who?" TOP people!.

And, by the way, since the money is phony anyway, they don't actually need to borrow it. They can just create it out of thin air. "Alakazam!!! There's a trillion dollars!" The whole borrowing thing is sort of like Vanna White on Wheel of Fortune - just for appearances.

But just to be safe you might want to check on your retirement funds.

[TheNcredibleEgg]

One simple sentence from Obama - and the Neocons will all vote in lockstep to raise it:

"We won't be able to pay for our troops."

[awake]

Now I see the Bin Laden event in it's full splendor.