LedgerGermane: links on futurity, cover ups, mind control and the weird , Geithner asks Congress for higher US debt limit

WASHINGTON, Aug 7 (Reuters) - U.S. Treasury Secretary Timothy Geithner formally requested that Congress raise the $12.1 trillion statutory debt limit on Friday, saying that it could be breached as early as mid-October.
“It is critically important that Congress act before the limit is reached so that citizens and investors here and around the world can remain confident that the United States will always meet its obligations,” Geithner said in a letter to Senate Majority Leader Harry Reid that was obtained by Reuters.
It is expected to issue net new debt of as much as $2 trillion in the 2009 fiscal year ended Sept. 30 and up to $1.6 trillion in the 2010 fiscal year, according to bond dealer forecasts.

(Expect some heavy Republican finger pointing regarding the deficit this October.)