Running out of money
Fascinating, isn’t it? I guess we’ll be seeing another round of tax cuts for the well off. That’s just the sacrifice they’ll have to make. We all have to make sacrifices in these troubled times. But as we know that they’re all superior beings, much better than the worker classes, that they’ll shoulder the burden with their usual elan. –TM US government warns it's running out of cash Fri Dec 30, 2005 http://news.yahoo.com/s/afp/20051230/ts_afp/uspoliticseconomy_051230161316 WASHINGTON (AFP) - Treasury Secretary John Snow has warned that unless Congress raises the national debt limit, the US government will run out of cash to finance its daily work in two months. In a letter to Senate leaders Thursday, 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 ac...