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:
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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.
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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/