Let me get this straight, we ran out of money in May, but Uncle Sam is still in business.

So exactly how does this work? The treasury allows the fed to keep operating past the debt ceiling in May with some obscure accounting magic and now they are saying that an obscure measure in the 14th amendment may allow us to avoid default after August 2nd? What the hell kind of smoke and mirror bs is the fed pulling. You either have the money or you don't, there either is a deadline or there is not.

Here is the deal. The distrust after the Civil war prompted the inclusion of the following language in section 4 of the 14th amendment:

"The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned. But neither the United States nor any State shall assume or pay any debt or obligation incurred in aid of insurrection or rebellion against the United States, or any claim for the loss or emancipation of any slave; but all such debts, obligations and claims shall be held illegal and void."

Treasury Secretary Timothy Geithner, who has warned that a default would have "catastrophic" consequences, raised the clause during a discussion of the debt ceiling in May -- though he did not say the White House should invoke it if negotiations fail.

Here's an idea Mr. Secretary. STOP SPENDING MONEY WE DON'T HAVE!!!. AND YES IT IS JUST THAT SIMPLE.


Now that I have that off my chest let me ask all of you who voted for this abomination how you feel now. How does it feel to see your country ripped apart from the inside out by a progressive policy that has been in play since the Wilson administration? This entire tenure of the current administration has been about executing the Cloward and Piven strategy of destroying our Republic(yes, we are a Republic not a Democracy) by overloading the public dole(that is the welfare and government assistance payments, bailouts etc) to such a point where the economy collapses and the government has no choice but the come to the rescue. If you are not familiar with Cloward and Piven read up on it and you will see it as clear as day. 

If you aren't awake to what is happening, you better get that way in a hurry or you will be the preverbial frog in the boiling pot.