Mar 31, 2011 ― Deadline for catastrophic event of reaching debt ceiling, unfortunately two months warning was hardly enough. The grave danger to our AAA rating should have brought congress to act quickly. As it happened, we did have just enough money to scrape by for a couple more months. In knowing that congress would not let him down, Geithner made the decision to extend the deadline.
May 16, 2011 ― We have officially reached our limit. If we default on our debts, investors may raise our interest rate. In turn, those higher rates will be passed on to local government, businesses, and the US citizen. Fear mongering can often bring a response quicker than intelligent discussion. However, that was not the case. With the rapture approaching on May 21, Geithner made the decision to again extend the deadline.
Had the rapture taken place as planned, we could have possibly stayed within our budget as there would have been that many less mouths to feed. When Harold Camping's prediction failed, Geithner did some maneuvering to pay bills through the next deadline. He is clear that decision is without consequence. The choice was made to cease investing on civil retirement funds for the disabled, and slow investing on federal employees retirement funds in order to pay bills.
Aug 2, 2011 ― With the deadline again upon us, there are those who are starting to question if this is a true deadline. Media hype attempts to falter the market, but the market understands that the US is not going to default on their obligations. The credit rating decline appears to be a joke, as they are designed to be favorable to the US rating. If anything, credit raters would relax their policies before downgrading the US rating.
The government has taught us nothing other than a lesson in how to be irresponsible. If Geithner is not taken seriously sometime soon, we may end up having to decrease the deficit in order to pay bills. Not quite the arrangement he was hoping for. What do you mean I have no credit available? I've been making the minimum payment for years now! No change in the debt ceiling may lead to the treasury getting their priorities strait.
May 16, 2011 ― We have officially reached our limit. If we default on our debts, investors may raise our interest rate. In turn, those higher rates will be passed on to local government, businesses, and the US citizen. Fear mongering can often bring a response quicker than intelligent discussion. However, that was not the case. With the rapture approaching on May 21, Geithner made the decision to again extend the deadline.
Had the rapture taken place as planned, we could have possibly stayed within our budget as there would have been that many less mouths to feed. When Harold Camping's prediction failed, Geithner did some maneuvering to pay bills through the next deadline. He is clear that decision is without consequence. The choice was made to cease investing on civil retirement funds for the disabled, and slow investing on federal employees retirement funds in order to pay bills.
Aug 2, 2011 ― With the deadline again upon us, there are those who are starting to question if this is a true deadline. Media hype attempts to falter the market, but the market understands that the US is not going to default on their obligations. The credit rating decline appears to be a joke, as they are designed to be favorable to the US rating. If anything, credit raters would relax their policies before downgrading the US rating.
The government has taught us nothing other than a lesson in how to be irresponsible. If Geithner is not taken seriously sometime soon, we may end up having to decrease the deficit in order to pay bills. Not quite the arrangement he was hoping for. What do you mean I have no credit available? I've been making the minimum payment for years now! No change in the debt ceiling may lead to the treasury getting their priorities strait.
