Geithner Says U.S. Insolvent (Congress, highway)

[SilverOne]

Geithner sent a letter to Congress on Jan. 6, 2011 asking for the debt limit to be raised. If it is not raised, he warned, the U.S. will default on its debt.

Geithner Says U.S. Insolvent by Michael S. Rozeff

Good explaination of how we raise the Debt ceiling which just keeps kicking the can down the highway but will still lead to the same result.

[Driller1]

Originally Posted by SilverOne

Geithner sent a letter to Congress on Jan. 6, 2011 asking for the debt limit to be raised. If it is not raised, he warned, the U.S. will default on its debt.

Geithner Says U.S. Insolvent by Michael S. Rozeff

Good explaination of how we raise the Debt ceiling which just keeps kicking the can down the highway but will still lead to the same result.

We are in for a dark ride.

[oz in SC]

Must be the first truthful thing from him in years.