Feb 26

Stockman: “After March 15 Everything Will Grind To A Halt”:

“I think what people are missing is this date, March 15th 2017.  That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015.  That holiday expires.  The debt ceiling will freeze in at $20 trillion.  It will then be law.  It will be a hard stop.  The Treasury will have roughly $200 billion in cash.  We are burning cash at a $75 billion a month rate.  By summer, they will be out of cash.  Then we will be in the mother of all debt ceiling crises.  Everything will grind to a halt.  I think we will have a government shutdown.  There will not be Obama Care repeal and replace.  There will be no tax cut.  There will be no infrastructure stimulus.  There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”

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4 Responses to “David Stockman: “After March 15 Everything Will Grind To A Halt””

  1. kevin a Says:

    Vacationing Moroccan king drains water supply from villages outside Paris
    https://www.rt.com/news/357877-morocco-king-french-village/

  2. kevin a Says:

    McCain cuts off questions about Saudi donation
    http://www.12news.com/news/politics/mccain-cuts-off-questions-about-saudi-donation/114870450

  3. kevin a Says:

    https://www.youtube.com/watch?v=ewr-vzw4ZWo
    Hunting Golden eagle Vs Fox – Human Planet – BBC

  4. kevin a Says:

    Marijuana Industry Projected To Create More Jobs Than Manufacturing By 2020
    https://www.forbes.com/sites/debraborchardt/2017/02/22/marijuana-industry-projected-to-create-more-jobs-than-manufacturing-by-2020/#a710d323fa92

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