We're out of money, but we'll wait to bring it up...

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Little Raven
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Joined: Wed Oct 13, 2004 10:26 am
Location: Austin, TX

We're out of money, but we'll wait to bring it up...

Post by Little Raven »

Because 3 times in one term might be considered excessive.
The Treasury Department suspended investments in a federal employee pension fund Thursday to keep the government below its borrowing limit, Treasury Secretary John Snow said in a letter to Congress.

...

Congress adjourned for an election break last weekend without raising the politically sensitive limit. Snow said it was critical that lawmakers raise the debt ceiling when they return on Nov. 16.

"Given current projections, it is imperative that the Congress take action to increase the debt limit by mid-November, at which time all of our previously used prudent and legal actions to avoid breaching the statutory debt limit will be exhausted," he said.
Who's a fiscal conservative suppose to vote for, anyway?
/. "She climbed backwards out her
\/ window into Outside Over There."
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geezer
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Joined: Wed Oct 13, 2004 1:52 pm
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Re: We're out of money, but we'll wait to bring it up...

Post by geezer »

LOL, don't get the debt in check -- raise the limit instead. Classic.

Little Raven wrote:Because 3 times in one term might be considered excessive.
The Treasury Department suspended investments in a federal employee pension fund Thursday to keep the government below its borrowing limit, Treasury Secretary John Snow said in a letter to Congress.

...

Congress adjourned for an election break last weekend without raising the politically sensitive limit. Snow said it was critical that lawmakers raise the debt ceiling when they return on Nov. 16.

"Given current projections, it is imperative that the Congress take action to increase the debt limit by mid-November, at which time all of our previously used prudent and legal actions to avoid breaching the statutory debt limit will be exhausted," he said.
Who's a fiscal conservative suppose to vote for, anyway?
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