(SacBee) - Congress has one month to raise the nation's borrowing limit or the government will default on its debt, the Treasury Department said Friday.
Treasury officials confirmed the Aug. 2 deadline in a monthly update that assesses the nation's borrowing situation. The United States reached the $14.3 trillion limit in May. Higher revenue and accounting maneuvers have allowed the government to keep paying its bills in the interim.
Treasury Secretary Timothy Geithner urged Congress to raise the limit and "avoid the catastrophic economic and market consequences of a default crisis." http://teaparty.org/article.php?id=982
Dear Dumb-Sh*t President and Congress. Please stop spending our hard earned money. You have BK'd America, have made us a debtor nation, crushed our jobs.
Please, all you have to do is NOTHING! Just sit there and we will pay you. Don't spend anything, don't make any plans, and for God' Sake don't get any "bright' ideas of how you are going to save us!
We can do just fine wthout you.
We will even give you a life time pass to Star Bucks, drink all the free Mocha's you want, on our bill! BUT FOR GOD'S SAKE STOP WHAT YOU ARE DOING AND LEAVE US ALONE!
My message is very simple, WE ARE BETTER OFF IF YOU DO NOTHING!
S T O P S P E N D I N G!
What do we have to do to get your attention?
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