Debt Limit Accident?
Okay folks! Grab your popcorn because Treasury Secretary Jack Lew stated that November 3rd is when extraordinary measures will be exhausted. As a result, traders have begun a panic selling of T-bills as Jack warns of a “terrible” debt limit accident. How the hell does one have a debt limit accident when monitoring spending? Oops, I forgot to whom I was talking about.
The hopefully outgoing John Boehner, who is responsible for a nearly $4 trillion increase in the national debt, is seeking a compromise with Democrats over raising the debt. In short folks, despite the pubic statements, this stinking sack-of-shit’s last act in office is to give Obama everything he wants.
Robotic labor is now literally cheaper than human labor, and it is poised to undercut work forces and drive layoffs even further…
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