Posts Tagged ‘Debt Ceiling’

We hit the ceiling!

Posted: May 17, 2011 in Money
Tags: ,

 

Well yesterday America maxed out its credit card, not to worry tho the Treasury found some money lying around to get us into August. Well I hope they don’t raise it, but it isn’t really going to matter anyway, the world is headed for a crash and there not enough money in the world to stop it. The only thing that you or I can really do is to prepare for the coming crash, stock up on supplies now while you can. It is time for our Country to circle our wagons, and hunker down and try to make it to the other side. Please think about adding to your pantry, the worse that can happen if the crash doesn’t happen is that you have extra food. Then again the world is going to end on Saturday, so it won’t matter anyway!

Advertisements

CNSNews.com has a report that then United States is now borrowing $4,ooo,000,000 a day and will hit the debt ceiling sometime around May 16th. I say do not raise the ceiling and let the pain begin, the U.S. would not default on our loans because we didn’t raise it. There is enough money coming in through taxes to make these payments. Congress and the President will try to scare us that the economy will collapse if it is not raised. That will not happen, well at least it shouldn’t, but it will if they don’t cut the SPENDING! Will it be tough? Yes. Will it effect each American? Yes. Should we do it now as to not make our children pay for our mistakes? Yes, should be the answer. I will sacrifice for my Country and my children even if it means hard times(and it does)but we will come out a much stronger nation. The question is will you?

  1. Source of article
God Bless,
Ivan