Slashdot Mirror
New IMF Head Says US Must Raise Debt Limit, or Face 'Nasty Consequences'
fysdt writes with this from an article on ABC News: "The International Monetary Fund's new chief foresees 'real nasty consequences' for the U.S. and global economies if the U.S. fails to raise its borrowing limit. Christine Lagarde, the first woman to head the lending institution, said in an interview broadcast Sunday that it would cause interest rates to rise and stock markets to fall. That would threaten an important IMF goal, which is preserving stability in the world economy, she said. The U.S. borrowing limit is $14.3 trillion. Obama administration officials say the U.S. would begin to default without an agreement by Aug. 2."
When are we going to get rid of this garbage money system and get rid of the entire idea of taxation? Just let the government create money when they want to do something. All money is is allocation of resources.
Sig: I stole this sig.
Better yet, instead of googling and finding an echo chamber of left websites explaining what 'the consipiracy' is doing, just get involved. go undercover and participate in a few Tea Party events.
Of course, you'll discover they are regular mainstream boring people, with a few loonies thrown in who everybody else ignores.
Or, just stick to reading the left's websites. It wouldn't be as fun if the 'teabaggers' just seemed like the ordinary boring people they are.