The Next Battle: U.S. Debt Limit To Be Reached Near End Of 2012
The U.S. Treasury quietly warned at the end of a statement issued last Wednesday that it expects the federal government to hit its legal debt limit before the end of this year–which means before the new Congress is seated–and that “extraordinary measures” will be needed before then to keep the government fully funded into the early part of 2013.
On Aug. 2, 2011, President Obama signed a deal he had negotiated with congressional leaders to increase the debt limit of the federal government by $2.4 trillion. But, now, after only 15 months, almost all of that additional borrowing authority has been exhausted.
Although Treasury revealed in its statement on Wednesday that it was likely to hit the debt limit by the end of the year, Treasury Secretary Geithner failed to respond to a letter that Senate Finance Ranking Member Orrin Hatch and Senate Budget Ranking Member Jeff Sessions sent to him on Oct. 15 demanding that he notify them by Nov. 1 what he believes to be the exact date Treasury will hit the debt limit and the date he expects to begin using “extraordinary measures” to avoid it.
“Treasury continues to expect the debt limit to be reached near the end of 2012,” says the tenth paragraph of the “Quarterly Refunding Statement” put out by Assistant Secretary of the Treasury for Financial Markets Matthew Rutherford. –Vision To America/November 7, 2012
The U.S. Treasury quietly warned at the end of a statement issued last Wednesday that it expects the federal government to hit its legal debt limit before the end of this year–which means before the new Congress is seated–and that “extraordinary measures” will be needed before then to keep the government fully funded into the early part of 2013.
On Aug. 2, 2011, President Obama signed a deal he had negotiated with congressional leaders to increase the debt limit of the federal government by $2.4 trillion. But, now, after only 15 months, almost all of that additional borrowing authority has been exhausted.
Although Treasury revealed in its statement on Wednesday that it was likely to hit the debt limit by the end of the year, Treasury Secretary Geithner failed to respond to a letter that Senate Finance Ranking Member Orrin Hatch and Senate Budget Ranking Member Jeff Sessions sent to him on Oct. 15 demanding that he notify them by Nov. 1 what he believes to be the exact date Treasury will hit the debt limit and the date he expects to begin using “extraordinary measures” to avoid it.
“Treasury continues to expect the debt limit to be reached near the end of 2012,” says the tenth paragraph of the “Quarterly Refunding Statement” put out by Assistant Secretary of the Treasury for Financial Markets Matthew Rutherford. –Vision To America/November 7, 2012
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Fatah Facebook Page Shows Mother Placing Suicide Belt On Son
A recent photo posted to Facebook page of Fatah’s Information and Culture Commission shows a mother placing suicide belt on her young son.
A recent photo posted to the official Facebook page of Fatah’s Information and Culture Commission in Lebanon shows a mother placing a suicide belt on her young son, reported Palestinian Media Watch, which has documented the ongoing glorification of violence and martyrdom by the Palestinian Authority.
Beside the picture is written an imaginary conversation between the two which reads as follows:
“My mother dressed me in a strange belt (i.e., a suicide belt).
I asked her: ‘What is this, mother?’
She said: ‘I will put it on you and you will go to your death!’
I said to her: ‘Mother, what have I done that you want me to die?’
She shed a tear that hurt my heart and said: ‘The homeland needs you, son. Go and blow up the sons of Zion.’
I said to her: ‘Why me and not you?’
She said: ‘I will stay in order to give birth to more children for the sake of Palestine.’
I kissed her hand and said to her: ‘Keep it up, mother, for you and for Palestine I will kill the impure and the damned.’” -By Rachel Hirshfeld/Arutz Sheva 7/October 30, 2012
A recent photo posted to Facebook page of Fatah’s Information and Culture Commission shows a mother placing suicide belt on her young son.
A recent photo posted to the official Facebook page of Fatah’s Information and Culture Commission in Lebanon shows a mother placing a suicide belt on her young son, reported Palestinian Media Watch, which has documented the ongoing glorification of violence and martyrdom by the Palestinian Authority.
Beside the picture is written an imaginary conversation between the two which reads as follows:
“My mother dressed me in a strange belt (i.e., a suicide belt).
I asked her: ‘What is this, mother?’
She said: ‘I will put it on you and you will go to your death!’
I said to her: ‘Mother, what have I done that you want me to die?’
She shed a tear that hurt my heart and said: ‘The homeland needs you, son. Go and blow up the sons of Zion.’
I said to her: ‘Why me and not you?’
She said: ‘I will stay in order to give birth to more children for the sake of Palestine.’
I kissed her hand and said to her: ‘Keep it up, mother, for you and for Palestine I will kill the impure and the damned.’” -By Rachel Hirshfeld/Arutz Sheva 7/October 30, 2012
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