NOTICE: Your Credit Limit is About to Increase $1.2 Trillion Dollars, Effective February 2012

Probably by the end of the week President Obama will institute an increase of the federal debt ceiling by $1.2 trillion to over $16.2 trillion dollars. Although the increase is subject to Congressional disapproval, expect little more than political posturing from Capital Hill.


This increase should carry the US through 2012 before another increase will be needed to fund projected government expenses. Because of the Presidential and Congressional elections in November, expect the employee Social Security payroll tax cut (from 6.2% to 4.2%) for all of 2012 to pass, with some of its cost funded by the debt increase.

 

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Comments: 1
  • #1

    Air Jordan Fusion 16.5 (Thursday, 22 March 2012 04:10)

    Laziness is very strange things, it makes you think that is a comfort, is to rest, happiness is; But in fact it has given you is boring, is tired, is depression; It deprives you of the hope for the future, cut off the friendship between you and others, make your mind is narrow, the life is more and more suspicious.

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