Saturday, May 21, 2011

GOP Economic Terrorism

A terrorism warning from the WSJ
Treasury Secretary Timothy Geithner has warned that if the debt limit isn’t increased by August 2, the government will no longer be able to spend more than it collects in revenue. That means it will have to cut spending by about 35%, probably choosing among such items as payments to contractors, soldiers’ salaries, social security and Medicare.
This is what GOP terrorism looks like

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