Nothing like getting a warning from the boss....

[1Admin]

http://www.ft.com/cms/s/0/a73a3728-2f41-11e3-ae87-00144feab7de.html#axzz2h4upL000

October 17th, 10 days away and countries are getting twitchy? Surely this is all posturing.

[jimmycthemd]

The way I understand it, there is still tax money coming in that's enough to cover the interest on the national debt. We do not need to raise the debt limit to pay that bill. There are, however, other bills that we may not be able to pay. The legality/mechanisim toaccompli****his is what the question REALLY is. Here's an article with a very brief and very high level explaination from Business Insider:

http://www.businessinsider.com/can-t...eached-2013-10

[prc-104]

Debt Limit

Oh, thank you mister media!
Now I can be terrified about a debt limit crash.

Just IMHO, but .....
The sequester was going to be the end of the world ...... because we didn't increase the budget as much as in the past.
Fooey!

Now we have the end of the world debit limit. SSDD!
The bankers running the .gov's money won't let the dollar crash. Behind the scenes, they have the power and they'll use it.

What I do see here is Reed, Pelosi and OBAMMA are pushing fast and hard to get their progressive/socialist/communist .gov in place.

The dud(e) in office promised to significantly change the face of America and he's doing it.

What astounds me is how bad they are at doing it. They are clumsy, inadequate and bumblers.
/john

[rockriver]

I couldn't read ld's link without "signing up"
but I think it is a debt ceiling warning...

this reminds me of rawles story line.
but as matt says... nothing to be jittery about
and as prc says Fooey!

I do suspect that we are just in for big time inflation...
but the patriot story is ... racing around in my ole head!!
and I do know our president's intentions.... so...