Monday, December 31, 2012

Doomsday?

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"I am writing to inform you that the statutory debt limit will be reached on December 31, 2012. The Treasury Department will shortly begin taking extraordinary measures authorized by law to temporarily postpone that date that the United States would otherwise default on its legal obligations.

~ Timothy Geithner, US Treasury Secretary

Geithner's letter to the Congressional Leader. It is time to cut up Obama's credit card.

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