We are getting closer to the $15 trillion mark. On about September 8. 2011, the Senate lifted the borrowing authority of the U. S. to $15.19 trillion. This was supposed to get us through January, 2012.
Something will have to be done soon and they will do it on the sly if they can get away with it. This clock is really spinning. I wonder if it will last until January. I perdict a Christmas Eve midnight ride when no one is looking.
“The U.S. Senate, in an unusual procedure, cleared the way Thursday for the U.S. to lift its borrowing authority by $500 billion to $15.19 trillion, enough to keep the support federal government borrowing through late January or early February.”
Posted: 11.03.11 @ 9:57 p.m.
The U.S. Department of Justice joined a lawsuit againt Olympia Snowe’s husband, former Maine Gov. John McKernan. The suit alleges that McKernan had defrauded the government of taxpayers’ money, which was intended for financial aid for students.
Maine Republican Senate candidate Scott D’Amboise, who is challenging sitting Republican Sen. Olympia Snowe in the upcoming 2012 primary, called on Snowe to resign from her seat immediately.
“Olympia Snowe owes us two things – an explanation and a letter of resignation. Instead, she isholed up in her ornate Washington, D.C. office refusing to explain what she knew and when she knew it,” D’Amboise said in his statement. “How can your spouse bring in millions of dollars without asking him how he was making all that money? Olympia is a smart lady. She had to know something was fishy about how her husband was doing business.”