Treasury Dept. Moves to Avoid Debt Limit
By MARTIN CRUTSINGER
The Associated Press
Monday, March 6, 2006; 11:29 AM
WASHINGTON -- Treasury Secretary John Snow notified Congress on Monday that the administration has now taken "all prudent and legal actions," including tapping certain government retirement funds, to keep from hitting the $8.2 trillion national debt limit.
http://www.washingtonpost.com/wp-dyn/content/article/2006/03/06/AR2006030600635_pf.html
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I wonder if the raid on and ultimate bankruptcy of Social Security began in the same manner. The only thing keeping the U.S. from hitting this debt ceiling earlier was the fact the expense of the Iraqi War was not factored into the budget.
BOHICA!
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