RED ALERT! PLEASE WATCH
Timothy Geitner (Secretary of the US Treasury) writes Harry Reid (Senate Majority Leader) telling him we need more on the credit card or the US will default...
Comment
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Comment by Sweettina2 on January 11, 2011 at 8:25pm
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Well said, brokensheep!
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Comment by Localtarian on January 11, 2011 at 6:28pm
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Timmy is just fear mongering. I posted a video yesterday about this, and the US defaulting on it's debt obligations is inevitable no matter what, debt ceiling raised or not. Raising the debt ceiling will just prolong the agony even more and make the financial terrorist more money before the final showdown. China has already said to the US that if we continue to force them to hold our debt and to keep buying up our bonds on behalf of their people, they would be forced to take some sort of action.
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