On May 16, 8:29*pm, wrote:
On Mon, 16 May 2011 15:52:36 -0700 (PDT), "*e#c"

wrote:

According to the News, they can borrow no more money...... * Things
are going to get interesting.

I suppose the idea of cutting spending is out of the question (maybe
cancel some unneeded defense contracts or bring the troops home from
some useless deployments) but I imagine they will just print more QE
money.

They are raiding the government pension program as a stop gap.

This is just another can being kicked down the road, more
"entitlements" that will have to be paid back with money we don't
have.

They are raiding the government pension program as a stop gap.

Looks like Herrings in trouble...~snerk