tag:blogger.com,1999:blog-562760504592265136.post4916626718183486553..comments2023-09-04T04:08:08.184-06:00Comments on Ol' Buffalo Blog: Obama Forges a Debt Deal ... With Terrorists?blainenayhttp://www.blogger.com/profile/06506737880113517561noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-562760504592265136.post-85406334594975917782011-08-06T05:39:23.980-06:002011-08-06T05:39:23.980-06:00"U.S. stock markets tumbled today [5 Aug 2011..."U.S. stock markets tumbled today [5 Aug 2011] amid fears of a weakening U.S. economy. The Dow Jones Industrial Average closed down more than 500 points, the biggest one day drop since December 2008." -- http://tinyurl.com/4xws5hv<br /><br />"Standard & Poor's, the credit rating agency, said Friday [5 Aug 2011] it was dissatisfied with the plan Congress came up with earlier in the week to reduce the country's debt." -- http://tinyurl.com/3p5janx<br /><br />How's that new "debt limit" working out?<br /><br />We gotta get smarter voters!blainenayhttps://www.blogger.com/profile/06506737880113517561noreply@blogger.comtag:blogger.com,1999:blog-562760504592265136.post-51125105602801369462011-08-04T13:38:38.787-06:002011-08-04T13:38:38.787-06:00"U.S. debt shot up $239 billion on Tuesday — ..."U.S. debt shot up $239 billion on Tuesday — the largest one-day bump in history — as the government flexed the new borrowing room it earned in this week’s debt-limit increase deal. The debt subject to the statutory limit shot way past the old cap of $14.294 trillion to hit $14.532 trillion on Tuesday, according to the latest the Treasury Department figures, which are released on the next business day. That increase puts the government already remarkably close to the new debt limit of $14.694, which means one day’s new borrowing ate up 60 percent of the $400 billion in space Congress granted the president this week." -- http://tinyurl.com/3uqalha<br /><br />How's that new "debt limit" working out?<br /><br />We gotta get smarter voters!blainenayhttps://www.blogger.com/profile/06506737880113517561noreply@blogger.com