So The Bipartisan Policy Center is estimating...
...that's when - if the debt ceiling isn't raised beforehand - the USSA begins being unable to make "payments ranging from Social Security benefits to tax refunds to bond interest, depending on how long it takes Washington to raise the limit and what bills Treasury decides to pay."
And if the debt limit remains the same for more significant time, the federal government itself will begin grinding to a screeching halt for lack of funds to keep operating.
Also:
By law, the President must submit a federal budget proposal to Congress by February 4th (you understand that by now, right mercury14?)...
...well, blaming the recent "fiscal cliff" malarkey for this delay, Obama has advised Congress that he will once again violate the law by not submitting his budget by the legal due date.
Crazy, isn't it, that the Chief Executive of the United States of America, the top enforcer of the law, refuses to obey the law? Of the 5 budget proposals he's now been legally required to submit by Feb. 4th, he's only managed to obey that law once...
...but at least he doing a bit better than his Democrat-majority Senate, which hasn't even passed a federal budget resolution since 2009.
And don't forget...
...Obama and Congress only delayed the "fiscal cliff" sequester from engaging the first of this year - it's set now to fully engage sometime around March-April.
Time is ticking, folks...
...and the USSA's financial bomb awaits to go off.
http://thehill.com/blogs/on-the-mon...get-delayed-again-white-house-tells-paul-ryan
...that's when - if the debt ceiling isn't raised beforehand - the USSA begins being unable to make "payments ranging from Social Security benefits to tax refunds to bond interest, depending on how long it takes Washington to raise the limit and what bills Treasury decides to pay."
And if the debt limit remains the same for more significant time, the federal government itself will begin grinding to a screeching halt for lack of funds to keep operating.
Also:
By law, the President must submit a federal budget proposal to Congress by February 4th (you understand that by now, right mercury14?)...
...well, blaming the recent "fiscal cliff" malarkey for this delay, Obama has advised Congress that he will once again violate the law by not submitting his budget by the legal due date.
Crazy, isn't it, that the Chief Executive of the United States of America, the top enforcer of the law, refuses to obey the law? Of the 5 budget proposals he's now been legally required to submit by Feb. 4th, he's only managed to obey that law once...
...but at least he doing a bit better than his Democrat-majority Senate, which hasn't even passed a federal budget resolution since 2009.
And don't forget...
...Obama and Congress only delayed the "fiscal cliff" sequester from engaging the first of this year - it's set now to fully engage sometime around March-April.
Time is ticking, folks...
...and the USSA's financial bomb awaits to go off.
http://thehill.com/blogs/on-the-mon...get-delayed-again-white-house-tells-paul-ryan
