Latest update: 18/07/2011
Strike a deal - or the world's biggest economy will run out of money
Barack Obama has a crisis on his hands. In less than three weeks, the US will run out of money and be forced to default on its loans. The Treasury will be unable to make social security payments, such as pensions or welfare. Such a financial Armageddon will likely see the world's biggest economy stripped of its gold-plated credit rating. But will the Republicans agree to save the day? The clock is ticking...
Comments (2)
wow it is possible iy ys
wow it is possible iy ys written in the holy book....
We're already bankrupt!
We're already bankrupt! There's no point in raising the debt ceiling, as we'd only be putting off the inevitable, anyway. As Emperor Claudius said "Let all the poisons within...hatch out!" By defaulting on 'our' debt obligations, we will see that a group of criminals has purposely indebted our nation to get at our nation's resources and public assets. Only when it gets rough will Americans pull themselves away from diversion and return to their productive roots...
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