Wed, Sep 17, 2014, 4:02 AM EDT - U.S. Markets open in 5 hrs 28 mins

Recent

% | $
Quotes you view appear here for quick access.

Silver Wheaton Corp. Message Board

  • ilap2004 ilap2004 Jan 7, 2013 11:14 AM Flag

    Pelosi, BO say we have to raise debt ceiling in order to repay our debt

     

    Pelosi on Face the Nation:

    "But the Congress has incurred much of this debt. So what are we saying? We incurred it, but we’re not going to pay it? If you want to say we’re not going to do it so much in the future, well, that’s another thing, but you can’t say I’m not paying my past debts."

    This is an echo of Obamer’s remarks from this past weekend:

    "One thing I will not compromise over is whether or not Congress should pay the tab for a bill they’ve already racked up,” Obamer said in his weekly address. “If Congress refuses to give the United States the ability to pay its bills on time, the consequences for the entire global economy could be catastrophic."

    So increasing the debt is about repaying the debt. So if somebody has say $10,000 in credit card debt, they have to increase it to $20,000 in order to pay it down, according to Pelosi and BO. Seriously.

    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
SLW
23.06+0.23(+1.01%)Sep 16 4:02 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.