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The Treasury is not going to default in August, nor in subsequent months for that matter. An estimated $172.4 billion of tax revenue next month is more than enough to cover the $29 billion of August interest payments. For fiscal 2011, which ends Sept. 30, the Treasury is expected to take in revenue of $2.2 trillion, while only $214 billion is needed to service the debt.
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class joke
{
private:
char Forrest, Jenny, Momma, LtDan;
double Peas, Carrots;
string MommaAlwaysSaid(const bool AddAnyTime = True)
}; -
The Treasury is going to default on certain governmental obligation, barring a debt limit increase, but not on the national debt. -
They are probably wanting to not pay welfare in an attempt to rouse up the riff raff. obama wants rioting.Originally posted by The King View Post
StevoOriginally posted by SSMAN...Welcome to the land of "Fuck it". No body cares, and if they do, no body cares.
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Barry will let the lights get cut off in DC before welfare doesn't get paid.Originally posted by stevo View PostComment
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