Debt Day comes early this year. Unfortunately, it's nothing to celebrate.
The symbolic "holiday," which falls on Sunday, marks the point in the fiscal year when government spending exceeds revenue.
In other words, the government will stop making money and start borrowing on Sunday.
And it's coming earlier than ever, according to House Minority Leader John Boehner, who's pointing to Debt Day as yet another symptom of a government he says is spending too much, borrowing too much and taxing too much. Last year's Debt Day fell more than three months later, on Aug. 5.
"All the revenue for this fiscal year will be spent as of Sunday," Boehner, R-Ohio, said. With the fiscal year ending Sept. 30, he said, "everything that happens after Sunday through ... the balance of this fiscal year is going to have to be borrowed from our kids and grandkids."
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
RE: Happy Debt Day: Government to 'Run Out' of Cash Sunday, Earliest Ever
That's okay, Obama lama ding dong and Turbo tax cheat Geithner will just tell the treasury to print up another trillion dollasr. Oh wait they haven't finished the last batch yet.
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Obama=The Fourth Reich,
Just look at the parallels of the Nazi regime and the Obama Administration amazingly similar arent' they.
Happy Debt Day: Government to 'Run Out' of Cash Sunday, Earliest Ever
