Derby Trail Forums - Maxing out the Credit Card AGAIN!

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Maxing out the Credit Card AGAIN!

How would your local bank react to you telling them "if you don't raise my credit limit yet again I won't be able to pay the mortgage?"

Treasury Secretary Lew's statement

Quote:

the Treasury would be forced to operate with only the cash it takes in every day -- an amount that would not cover its expenses and threaten payments including military salaries and Social Security payments, Lew said.

Is disgusting considering that the SS trust fund is supposed to have $2 and a half trillion in the account but you can't buy groceries and medicine with IOU's. Never a peep cutting foreign aid, government salaries or even for that matter missing a payment unlike the military and seniors.

I think for the benefit of our seniors we tell Lew to get the $2.5 trillion ready as we're diversifying to banks that have real assets and not all IOU's. Drops $2.5 trillion from the debt and keeps seniors money readily available and not in Ponzi notes.

One of those rare win-win opportunites

http://www.usatoday.com/story/news/n...tober/2702937/

Quote:

Originally Posted by dellinger63 (Post 942663)

How would your local bank react to you telling them "if you don't raise my credit limit yet again I won't be able to pay the mortgage?"

Treasury Secretary Lew's statement

Is disgusting considering that the SS trust fund is supposed to have $2 and a half trillion in the account but you can't buy groceries and medicine with IOU's. Never a peep cutting foreign aid, government salaries or even for that matter missing a payment unlike the military and seniors.

I think for the benefit of our seniors we tell Lew to get the $2.5 trillion ready as we're diversifying to banks that have real assets and not all IOU's. Drops $2.5 trillion from the debt and keeps seniors money readily available and not in Ponzi notes.

One of those rare win-win opportunites

http://www.usatoday.com/story/news/n...tober/2702937/

Take it for what it is - the death throes of an economy. More and more money "borrowed" more and more often - with not a penny of principal repaid - ever.

Who are these politicians kidding? I don't care what party - don't they know MATH?