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Fight Bad Policy

Dedicated to steering our nation back to its Constitutional glory by identifying and attacking bad policy.

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Location: Lake Charles, Louisiana, United States

I graduated from Drew University with an MFA in Poetry and from McNeese State University with an MA in English Literature. I also have a Bachelor of General Studies with a minor in Psychology and a BA in Sociology from McNeese. Currently, I'm working on a doctorate in English with a concentration in composition-rhetoric at the University of Louisiana at Lafayette.

Friday, December 30, 2005

Running On Empty

US government warns it's running out of cash
Fri Dec 30

"In a letter to Senate leaders Thursday, [Treasury Secretary, John] Snow said the statutory debt limit imposed by Congress of 8.184 trillion dollars would be reached in mid-February and the government would then lose its borrowing power. "At that time, unless the debt limit is raised or the Treasury Department takes authorized extraordinary actions, we will be unable to continue to finance government operations," said the letter, seen by AFP. Snow warned that even if the Treasury took "all available prudent and legal actions" to avoid breaching the ceiling, "we anticipate that we can finance government operations no longer than mid-March"."

Maybe Iraq wasn't that good an investment after all.

posted by Romach | 3:23 PM

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