Well, in this case, it is the day the U.S. government will run out of money, according to Secretary of State for Finance Jack Lew. Preventive measures are under way, with bills being passed in Congress to ensure that that does not happen.
According to notes I had made at the time, arrangements were in place for continued funding until March 2016, so now in the interim it just needs to be ratified. That indeed what Congress is currently doing, with full support of both Democrats and Republicans, who, in the national interest, will endorse it and vote Yeah, most of them anyway, for what is prudent and necessary. The coming generations will admire their aplomb. The nation needs continued financing, and extending the Debt Ceiling is definitely the most practical way, extending the QE measures to facilitate the printing of more greenbacks and pumping them into the economy. Hip hip hooray!
Whilst they are about it, I would suggest they should write in something to extend the 110 Billion Dollars a month for another year, taking safe passage to November 2016, by which time the elections will be over and the President-elect will be there in waiting.
At the elections in 2012, the surprise was the last-minute voting of the red jerseys in New Hampshire for the Democratic Party. All these young folks whose parents traditionally supported the Republicans realise the great benefit of Obamacare and the social net, which is necessary to have to keep body and soul together in the difficult times the country was transitting. The Silver Ones will too wish to see their pensions preserved or even enhanced, and affordable medical care is a necessity. That being so, I believe the Democrats will once again be at the helm. I sense that Mrs Hillary Clinton will be elected President. I wish her all the very best.
As for Donald Trump, well, he's leading the Republican pack, and if he shows persistence, belief and faith in his campaign and is happy to spend another 100 million dollars of his own money, he's got a great chance too. But let us see, he may shrewdly save his millions and say the numbers were starting to tank. Mr Trump is a very outspoken man, and he is always interesting to listen to. When he wears the cap on most occasions, you know he would like to be Commander in Chief. Let's see what example he sets in his campaigning.
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