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    Overnight Debt Bomb Countdown

    Overnight Debt Bomb Countdown

    Because the Sun may not rise in the East tomorrow, I’ll be posting random updates of interest, but feel free to help out in the comments particularly in those hours known on the East Coast as sleepy time.

    • Harry Reid just (8:40 p.m. Eastern) issued a statement saying a short term extension is a “non-starter.”  Via Reuters:  “”Speaker Boehner’s plan, no matter how he tries to dress it up, is simply a short-term plan, and is therefore a non-starter in the Senate and with the president,” Reid said in a prepared statement.”
    • Keep track of our national debt in various iterations, including debt subject to debt limit, total debt, per person, etc., at U.S. National Debt Clock.org.
    • Remember when George Soros broke the Bank of England in September 1992?  “On Black Wednesday, Mr Soros’s bet paid off. In the following days, he unwound his positions, paying back his original borrowings and ending with a profit of around £1 billion.”  How ironic that currency speculating profits is the mother’s milk of modern American liberal causes.
    • Buy! or was it Sell!?

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    Comments



     
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    donsmith7777 | July 24, 2011 at 11:20 pm

    If the Tea party were not involved there wouldn’t EVEN BE talks about our looming debt crisis. The Tea party has done a great job in focusing on this county’s debt.


     
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    JimMtnViewCaUSA | July 25, 2011 at 1:01 am

    Gold is up $10 in Asian trading
    Kitco.com/market


     
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    jakee308 | July 25, 2011 at 2:08 am

    Reading I, Claudius by Robert Graves I am struck by the similarities of the antics, rapaciousness and insanity of Caligula and Obama’s actions and demeanor since elected.

    I greatly fear for this Nation unless someone or some group can rein in this monster and his ego.

    The Democrats are too feckless and the Republicans are too weak.


     
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    lgstarr | July 25, 2011 at 3:23 am

    Excellent article:

    AEI’s Arthur Brooks on the Debt Ceiling in the WSJ
    CARPE DIEM:
    http://mjperry.blogspot.com/2011/07/aeis-arthur-brooks-on-debt-ceiling.html


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