Daily Archives: July 27, 2011

Is default deadline truly Aug 2? Analysts say no


By Bob L

Has any Government agency in this Country ever been truthful to the American people, NO, they will tell you any thing so they can spend money on things that have nothing to do with operation of the City, State, or U.S., but it does line their pockets, didn’t we just see that in the bail out of the Rich so that they would not go broke and have to lay people off (what are we 9 1/2% going back to 10%), then turn around and Laugh at the American people while they were giving them selves a BIG BONUS and PAY RAISE.

How much are they going to give them selves when they get the debt ceiling raised, 10 – 15%, and then say they deserved it, or a rich Business a BIG LOAN.



By Rachelle Younglai

WASHINGTON (Reuters) – Will the sky fall on August 2 if the U.S. Congress fails to raise the debt ceiling?

Not likely, according to analysts, who say that even without the ability to borrow more money, the government could avoid a devastating default for another week or so. That raises the question of how urgently action is needed to increase the nation’s borrowing limit.

For weeks, President Barack Obama and Treasury Secretary Timothy Geithner have stressed Continue reading

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