Treasury Secretary ( Turbo Tax Timmy ) Geithner said his department will take “extraordinary measures” to postpone a U.S. default for about two months while President Barack Obama and Congress work out a deficit-reduction deal.
Geithner, in a letter to congressional leaders today, said the government will hit its statutory $16.4 trillion debt ceiling on Dec. 31. To avert a default, the Treasury will take action to create about $200 billion in headroom under the debt limit.
“However, given the significant uncertainty that now exists with regard to unresolved tax and spending policies for 2013, it is not possible to predict the effective duration of these measures,” Geithner said.
Life is tough, but it's tougher when you're stupid. In order to see the rainbow, you must first endure the rain! If you don't stand behind our troops, please feel free to stand in front of them.
16.4T in debt! 500 murders in gun controlled Chicago! Barry is ringing in the year with record numbers!!!! wooo hooo!!!!! HAPPY NEW YEAR!!!!!
Another ridiculous post Arthur!
500 dead! yay for gun control in Chicago!
yes, it makes sense, because the Chicago gun ban law took effect in 1982 and was overturned in 2010, so I am not sure of what connection this has to Obama. He lived in Chicago, so that means everything that happens in Chicago is because of him?