Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty

Treasury Auctions To Force U.S. Over The Debt Limit Early

May 12, 2011 by  

Treasury Auctions To Force U.S. Over The Debt Limit Early

On Tuesday and Wednesday, the Treasury Department auctioned $56 billion in new debt. When these notes settle on Monday, they will take the United States over its debt ceiling.

According to,  Treasury officials previously said May 16 would be the day that the U.S. would cross the current debt threshold. This move by the Treasury will likely change the date for U.S. default — currently set on August 2.

The Treasury’s auctions come at a time when the debate over whether to raise the debt ceiling is starting to scare the market. Liberal and supposedly conservative doomsday prophets (among them, House Speaker John Boehner) argue that not raising the ceiling will cause complete economic collapse.

CATO Institute Senior Fellow Dan Mitchell told, “The Treasury Secretary is being deceitful; the Fed chairman is being very misleading on the issue as well.”

“Default is not the issue; the issue is whether we get government spending under control. The debt and deficit are the symptoms. (There is an) underlying problem of a government that is too big.”

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Facebook Conversations

Join the Discussion:
View Comments to “Treasury Auctions To Force U.S. Over The Debt Limit Early”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at

  • Bob Marshall

    May God bless you and your web site. I am so afraid the American people are continuing to be fooled by the Media.To the ILLIMUNATI EIGHT has no meaning. I would be concerned about eight families that together are worth eight trillion dollars. Control all major banks and principle stock holders in these banks. What also concerns me is whos family is the major stock holder in The Federal Reserve. I have always wondered why The Federal Reserve was never audited . Now, i know. Now, i understand why the G-3 between China.Russia and India. It is for trying to stop the US Global Hegemony. few American know the real reason for the Illuninati wanting Qaddafi out of libya and preferably dead. The fact that The Centeral Bank of Libya has 144 tons of gold doesn’t hurt matters. i have done quite a bit of research about things like the CIA and their atrocities dating back to 1947 until today. Why are they training the Bauchi Rebels in Iran. So many questions about 9/11. I will mention just two. First, how does a air liner with a wingspan of 145 ft. make a 16ft. hoe and why were no passenger bodies found in the so called wreakage. Busk was conviently in Florida leaving Dick Cheney in charge. He gave the order to stand down. The White house ha dat least 28 warning a attact in the Manhatten area was to happen. warned by The Mossad, Egypt, Africa, France and Putin of Russia. The PNAC stated what we need is another Pearl Harbor. They got it. Crazy as this sounds i believe the planes or drones whichever hit the Twin Towers were remote controlled. I also believe after listening to some world experts in structual engineering that explosives were planted in the elavator

  • Bob Marshall

    elevator shafts and on the ground floor. Thes engineers that work with explosives stated that the temperature from the fuel emited by the crash of an air liner could never get hot enought melt the steel structure. If it it burned for six hours it may weaked the supports. However Thermite, a military explosive will have a temperature of 4,000 more than enough to do the job. Placed inside at the bottom it would help bring the toers down. Steel was found still burnig at the site three months later. Steel would normally burn out in less than a day, However Thermite makes its own oxygen so it could continue to burn. If you watch closely as the towers are collapsing you can see small flashes just ahead of the falling derbis. When one of the planes-drones is about to impact one of the towers you can see a orange flash. The planes were lost from the radar screen for 30 minutes. What happed during that time. Could two air liners land with terrorist and two remote controlled drones continue toward. or could the planes if it planes be remote controlled. Why did the government lie about shooting down Flight 93 for so long. I realize lying is their expertise. My last point is when the designer of the Twin Towers was interviewed he stated that the owers could withstand 200 mph winds. When asked about impact. He stated that because a bomber in 1945 flew into a tower in the Manhattan area he designed the tower to withstand the impact of two planes such as the 757.This hhas to be the largest cover up in US history. I thought The USS Liberty incident was bad. Iknow! only said two but you can understand why i am concerned. What the plane seen overhead. The five Irsaeris seen taking pictures and celebrating as the planes-drones hit the towers. They were wisked away. Osamas’ family being given passage out of the US. When interviewed proffessional pliots stated that to make those flights and manuvers would require years of training not training on a smiluator as the Whitehouse claimed. The military against Japanese during the end of the war sent drones into holes between 20-30 ft to wipe out Japanese. I consider myself a patroit and i want answers. The true death total was 5,00 n0t 2,997. Another lie. Your site can help to make it happen. I served in the US Marines in Vietnam for three tours. Another war started witrh lies. I was one of the lucky one . All i suffered waspartial vision and hearing loss,hookworn resulting in Veterans Hospital for a time and PTSD. God Bless all of you for the fine service to your country.

  • Thinking About

    Did your lying eyes see the second tower being hit by a plane or did it look like a drone to you. So just who do you believe set up the hits on the trade centers.


Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.