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Stabby Stabby is offline
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Old Aug 3rd, 2004, 08:07 PM        US Will Run Out of Money By November
We will hit the $7.3 trillion limit and not be able to function unless they raise the debt ceiling.

http://money.cnn.com/2004/08/02/news...reut/index.htm

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WASHINGTON (Reuters) - Treasury Secretary John Snow on Monday put the ball squarely in Congress' court on the debt ceiling issue, warning lawmakers that the U.S. government cannot not be financed past November unless they raise the limit.

In a letter sent to Capitol Hill leaders, Snow said the debt subject to the $7.384 trillion limit will be hit "between late September 2004 and early October 2004." Even if the government takes certain accounting maneuvers to stay beneath the ceiling, as it has done in the past, Snow said, "we can finance government operations no longer than mid-to-late November 2004."
We might have to give up the pretense of democracy and finally start calling ourselves a corporate police state.

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AChimp AChimp is offline
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Old Aug 3rd, 2004, 08:38 PM       
They should mortgage the White House.
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Old Aug 3rd, 2004, 10:19 PM       
How did Bush manage to get us trillions of dollars in debt in the space of merely four years?
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Old Aug 3rd, 2004, 10:58 PM       
War!!! what is it good for? absolutely nothing :/
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Old Aug 4th, 2004, 12:16 AM       
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Originally Posted by Jeanette X
How did Bush manage to get us trillions of dollars in debt in the space of merely four years?
Pretty much the same thing he did in Texas, just on a larger scale.
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Old Aug 4th, 2004, 09:55 AM       
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Originally Posted by *FARTINMOWLER*
War!!! what is it good for? absolutely nothing :/
It could bring a country out of a depression
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Old Aug 4th, 2004, 10:30 AM       
Huh. Mid November. I bet were pretty okay for November first and second, but by November third, I'd say all bets were off.
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Old Aug 4th, 2004, 05:31 PM       
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It could bring a country out of a depression
Ya, my country...Canada :/
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Old Aug 5th, 2004, 12:58 AM       
War brought Germany out of debt and made them a world power.
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Old Aug 5th, 2004, 07:35 PM       
Yeah, becuase they had nothing and had to make it all. The States already has all the ammo and tanks they need, and therefore it creates no jobs. If they forced all of the unemployed to fight in Iraq it might be good for the economy.
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Old Aug 5th, 2004, 07:37 PM       
HAHAHA I live in the only debt free state/province in North america BWAHAHAHHAHAH
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Old Aug 5th, 2004, 08:28 PM       
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Originally Posted by mburbank
Huh. Mid November. I bet were pretty okay for November first and second, but by November third, I'd say all bets were off.
That will prove to the world that Kerry is a horrible president.
I suspect they're deliberately bankrupting the government. Making Kerry look bad if elected is one great side effect for them but also what better way to permanently eliminate social programs, that the GOP is ideologicaly oppossed to, than to bankrupt them? That or our leadership is too stupid and careless to realize that small tax and big government plus endless wars don't work well together.
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Old Aug 6th, 2004, 01:10 AM       
I'm sure that sometime before the election Kerry will mention how much in debt we were. oh no, sorry, the national debt is never mentioned during elections.
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Jeanette X Jeanette X is offline
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Old Aug 6th, 2004, 01:16 AM       
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Originally Posted by kahljorn
I'm sure that sometime before the election Kerry will mention how much in debt we were. oh no, sorry, the national debt is never mentioned during elections.
This is not a time for pessimism and rage.
This is a time for optimism, steady leadership, and progress.

(Paid for by Bush-Cheney '04, Inc.)
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