We're going to hit the debt ceiling and fiscal cliff at the same time.

[Zippyjuan]

I have a warped sense of humor and to me it's funny that we're going to hit the new debt ceiling at the same time we are going to hit the fiscal cliff. Remember, the fiscal cliff was the deal to reduce the deficit we made in response for hitting the LAST debt ceiling a year and a half ago.

I can't wait to see what phony promises we are going to make to raise this current debt ceiling. Yeah, this time we're going to cut spending in the future and WE REALLY REALLY MEAN IT!!!

Could raising the debt ceiling and canceling the "fiscal cliff" be the pin that pops the bond bubble?

As of October 28th, the estimated time we hit the next debt ceiling bump would be February or March while the "Fiscal Cliff" would hit in January 1st so that fight will be in December. Not quite "at the same time" but yes, close in political time frames.

http://www.reuters.com/article/2012/...89R0G520121028

Regardless of who wins the November 6 elections, many congressional aides and Capitol Hill observers are predicting that lawmakers will go right up to the deadline - probably around mid-February or early March - before increasing the $16.4 trillion limit on borrowing that is nearly exhausted.

While no one is certain of another 11th-hour fight in February or March, no one is ruling it out.

[Zippyjuan]

duplicate.

[oyarde]

I enjoy reading that Brer Rabbit stuff to my Grand kids , they love it when I get to the "Please don't throw me in the briar patch ".............

[AmericasLastHope]

Wrong thread.