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View Full Version : What austerity?



Peter1469
03-06-2015, 11:30 PM
The fellow travelers keep talking about the need to end austerity. Where is it? (http://www.cnbc.com/id/102459024) If we truly had any, we would not be approaching another debt limit.

Congress should say NO and slash spending. We should not have a deficit, much less one closing back in on $1T per year. We need to start jailing Congressmen who continue to spend like drunk seamen during fleet week. Sorry Del.


US hits debt limit March 16th: Treasury Secretary Jack Lew says the Treasury will need to take extraordinary measures to finance the government on a temporary basis, reports. Unless Congress (http://www.cnbc.com/id/10000887) takes action, the U.S. will hit its debt limit on Mar. 16, but would begin taking "extraordinary measures" to finance the government on a temporary basis, according to the U.S. Treasury (http://www.cnbc.com/id/10000894).


In a Friday morning letter to House Speaker John Boehner (http://www.cnbc.com/id/10000453) and other House and Senate leaders, Treasury Secretary Jack Lew (http://www.cnbc.com/id/10000444) said that his office will be forced to suspend the issuance of State and Local Government Series securities on Mar. 13 unless the debt limit is raised.


"Accordingly, I respectfully ask Congress to raise the debt limit as soon as possible," Lew wrote in his letter.

Brett Nortje
03-06-2015, 11:42 PM
Maybe they have the wrong approach? instead of reducing the debt ceiling, which requires time to do, they could use their time to reduce the debt? they have assets, they could sell the under performing ones, for example, yes?

Or, they could sell shares in nasa? if they did this, it would not be a loss of anything they cannot make top secret, of course. they could sell shares about accessibility to the moon? they could build another nasa for like a third of the cost!

Or, they could sell their oil reserves. they could buy these back when the time comes. these are assets unused for now that take up keep costs. these are not yielding a dividend, and, they need to steady the ship now or go into more debt.

Or, as a better option, they could raise taxes on luxuries like cable and radio. these are non essential, so, will make a good gain for the state. this will be a slow alternative though, but, will help the g.d.p.

del
03-06-2015, 11:42 PM
can the fifth columnists be far behind?