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US To Surpass Debt Deadline

October 13, 2013

www.helpfreetheearth.com

The US debt payment deadline is October 17th. No need to hold your breath waiting for an end to Washington's showdown theater. There's no two party system. Behind closed doors, it's a one party system and the shutdown showdown is all about fleecing the taxpayers again.

But what if they default on the 17th? Won't that be the equivalent of a financial 9/11? No. The plan is to surpass the deadline and simply "postpone" payments.

It's a juggling act to buy time over reckless fiscal policies that have lined the pockets of the corporate elite. Don't worry, the sky won't fall - not yet - and the debt ceiling will be raised AGAIN when they're good and ready. Meanwhile the banksters are making a killing on roller coaster gold and silver options.

The Quote of the Decade:

"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America's debt weakens us domestically and internationally. Leadership means that, 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."  

~ Senator Barack H. Obama, March 2006

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