This is why this administration SUCKS

[Ms.Wetback]

http://news.yahoo.com/s/nm/20090808/bs_nm/us_usa_debt_1

Lets go FURTHER into debt when we cant even pay off what we have already committed to. And we are going to "meet our obligations" by what ???? Going FURTHER into debt and borrowing MORE money. Our country is going to fail and default on our obligations............the collapse draweth nigh.

Geithner asks Congress for higher U.S. debt limit

WASHINGTON (Reuters) ? U.S. Treasury Secretary Timothy Geithner formally requested that Congress raise the $12.1 trillion statutory debt limit on Friday, saying that it could be breached as early as mid-October.

"It is critically important that Congress act before the limit is reached so that citizens and investors here and around the world can remain confident that the United States will always meet its obligations," Geithner said in a letter to Senate Majority Leader Harry Reid that was obtained by Reuters.

 

[Lokedogg]

And on a local level.... The government gave billions of dollar to the automobile industry. Well the Chrysler plant where I live is NOT paying their property taxes to the tune of about 2 million dollars(and claim they won't for a minimum of 18 mos if ever). So the whole city is going bankrupt. What amazes me is they were going to seize my house for a tax sale for 5k$ . Not only that(if you remember my postings) the IRS put a lean on my house for 10k$ THEY said I owed. I owed 4k$ but their penalties and interest put it into tax levy/lean territory. -Their mistake. See... They want to bleed the U.S. Citizens dry then give all our money we sweat and slave for to their rich corporate buddies and foreign countries (the tune of billions and trillions).