Geithner is asking congress to increase the top limit for the national debt because we are going to fly straight past the current credit limit around October. Should they give him the extension, and do you think they will?
"The latest request comes as the Treasury is ramping up borrowing to unprecedented levels to fund stimulus and financial bailout programs and cope with a deep recession that has devastated tax revenues.
It is expected to issue net new debt of as much as $2 trillion in the 2009 fiscal year ended September 30 and up to $1.6 trillion in the 2010 fiscal year, according to bond dealer forecasts."
Answer by jesse123456 at 9:53 PM on Aug. 8, 2009
Answer by NotPanicking at 6:46 PM on Aug. 8, 2009
Answer by Anonymous at 6:51 PM on Aug. 8, 2009
Answer by momandvet at 7:08 PM on Aug. 8, 2009
Answer by lovinangels at 7:25 PM on Aug. 8, 2009
Answer by jesse123456 at 7:34 PM on Aug. 8, 2009
Hrmmmmm, fiscally responsible? I think NOT!
Answer by grlygrlz2 at 7:47 PM on Aug. 8, 2009
Answer by Anonymous at 8:32 PM on Aug. 8, 2009
Answer by Anonymous at 9:50 PM on Aug. 8, 2009
Answer by waldorfmom at 11:11 PM on Aug. 8, 2009
Next question overall
I cannot get the meebo to work. How do I sign up for the cafe mom IM?