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6 total messages Started by Anonymous Wed, 30 Apr 2003 06:42
U.S. could default on national debt
#5552
Author: Anonymous
Date: Wed, 30 Apr 2003 06:42
7 lines
1681 bytes
U.S. could default on national debt, Treasury Department warns
WASHINGTON (AP) - The Treasury Department says the United States could face
the prospect of not being able to pay its bills in late May unless Congress
raises the government's borrowing authority, now capped at $6.4 trillion.


Wonderful news!  Will the rats flee the sinking ship?
Re: U.S. could default on national debt
#5553
Author: c.j.
Date: Wed, 30 Apr 2003 10:59
18 lines
2090 bytes
Anonymous <nobody@remailer.privacy.at> wrote in message news:<b2cb8351abe57af72c5896a85c999ff3@remailer.privacy.at>...
> U.S. could default on national debt, Treasury Department warns
> WASHINGTON (AP) - The Treasury Department says the United States could face
> the prospect of not being able to pay its bills in late May unless Congress
> raises the government's borrowing authority, now capped at $6.4 trillion.
> 
> 
> Wonderful news!  Will the rats flee the sinking ship?

This is only the offical debt ($6.4 trillion), I have seen some
articals on the net which have been removed, putting the true debt at
15+ trillion US$ and that it`s all been hidden Enron style! Recent US
millitary expansion is the sort of thing that previous empires have
done before a sudden decline in power. The fact that US global policy
has broken into a sweat is a sure sign that the door is about to come
of it`s hinges.
www.bilderberg.org
www.copvcia.com
Re: U.S. could default on national debt
#5554
Author: Firelock
Date: Wed, 30 Apr 2003 15:39
19 lines
2005 bytes
Anonymous <nobody@remailer.privacy.at> wrote in message news:<b2cb8351abe57af72c5896a85c999ff3@remailer.privacy.at>...
> U.S. could default on national debt, Treasury Department warns
> WASHINGTON (AP) - The Treasury Department says the United States could face
> the prospect of not being able to pay its bills in late May unless Congress
> raises the government's borrowing authority, now capped at $6.4 trillion.
> 
> 
> Wonderful news!

Is it?  Do you think the "last superpower" would simply close up
shop and have a going out of business sale, leaving the world
safe for those who are currently afraid of it?  Or do you think
it more likely that the rulers of this last superpower would do
*anything* they thought necessary to keep the boat afloat?

"And they've sold Cleveland back to the indians!" - _Americathon_

Walt Smith
Firelock on DALNet
Re: U.S. could default on national debt
#5555
Author: trebor
Date: Wed, 30 Apr 2003 18:14
16 lines
2050 bytes
carl_s_jones@talk21.com (c.j.) wrote:

>Anonymous <nobody@remailer.privacy.at> wrote in message news:<b2cb8351abe57af72c5896a85c999ff3@remailer.privacy.at>...
>> U.S. could default on national debt, Treasury Department warns
>> WASHINGTON (AP) - The Treasury Department says the United States could face
>> the prospect of not being able to pay its bills in late May unless Congress
>> raises the government's borrowing authority, now capped at $6.4 trillion.
>> 
>> 
>> Wonderful news!  Will the rats flee the sinking ship?
>
>This is only the offical debt ($6.4 trillion), I have seen some
>articals on the net which have been removed, putting the true debt at
>15+ trillion US$ and that it`s all been hidden Enron style!

But the US GDP is around 10 trillion, so... <shrug>
Re: U.S. could default on national debt
#5556
Author: Hurt Beyond Repair
Date: Wed, 30 Apr 2003 21:31
28 lines
2711 bytes
carl_s_jones@talk21.com (c.j.) wrote in message news:<e515557a.0304300259.6ec3e090@posting.google.com>...
> Anonymous <nobody@remailer.privacy.at> wrote in message news:<b2cb8351abe57af72c5896a85c999ff3@remailer.privacy.at>...
> > U.S. could default on national debt, Treasury Department warns
> > WASHINGTON (AP) - The Treasury Department says the United States could face
> > the prospect of not being able to pay its bills in late May unless Congress
> > raises the government's borrowing authority, now capped at $6.4 trillion.
> > 
> > 
> > Wonderful news!  Will the rats flee the sinking ship?
> 
> This is only the offical debt ($6.4 trillion), I have seen some
> articals on the net which have been removed, putting the true debt at
> 15+ trillion US$ and that it`s all been hidden Enron style! Recent US
> millitary expansion is the sort of thing that previous empires have
> done before a sudden decline in power. The fact that US global policy
> has broken into a sweat is a sure sign that the door is about to come
> of it`s hinges.


Actually, depending on how you count the "bean jar" it could be even
worse than that.  The governmnet has set up several "private"
institutions which they (we) are ultimately liable for in one form or
another.  And consider what would happen if a housing bubble surfaced.

See:  http://www.pacificresearch.org/pub/act/2001/act_01-07-23.html

This is slightly out of date since Fannie Mae has gone "public".  Is
there a difference nowadays.
Re: U.S. could default on national debt
#5557
Author: Hurt Beyond Repair
Date: Wed, 30 Apr 2003 21:47
11 lines
1516 bytes
Or how about these: 

http://www.freddiemac.com/home/
http://www.ginniemae.gov/

There are others.

Now they may very well have been established with the best of
intentions, but you sure do piss off a lot of folks who don't have the
same guaranteed results in the "free" market place as these
"companies" do.
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