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Confirmed : Very Deep Recession


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[img]http://s2.firstpost.in/wp-content/uploads/2013/10/3_201310090357_940x355.jpeg[/img]

[size=4][b][color=#262626]New York: Eight days into the US government shutdown and with the deadline to raise the debt ceiling looming, President Barack Obama said the US economy risks a “very deep recession” if Congress doesn’t raise the $16.7 trillion debt ceiling.[/color][/b][/size]

[b][u]Very deep recession Obama warned of the repercussions of defaulting on the government’s debt should Congress fail to raise the debt ceiling. The US will run out of borrowing authority on 17 October and will have about $30 billion in cash after that. The country would be unable to pay all of its bills, including benefits, salaries and interest, by end-October according to the Congressional Budget Office[/u][/b][color=#262626]. Obama said breaching the borrowing limit could disrupt capital markets, undermine international confidence in America, permanently increase US borrowing costs and pose the “significant risk of a very deep recession”. The US government partially shut down operations on 1 October forcing about 800,000 federal workers off the job, closing museums and national parks and suspending all but essential services after Republicans who control the House of Representatives refused to approve a budget, saying they would only do so if Obama’s healthcare reform law were delayed or stripped of funding. Obama and the Democrats have thus far refused, noting the law was passed in 2010, subsequently approved by the Supreme Court. At the same time, the Republicans have refused to approve an increase in the US debt limit unless it is accompanied by spending cuts and other policy concessions.[/color]

[color=#262626]Read more at: [/color][url="http://www.firstpost.com/world/us-risks-deep-recession-if-debt-ceiling-is-breached-obama-1161561.html?utm_source=ref_article"]http://www.firstpost...rce=ref_article[/url]

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[center][url="http://youtu.be/4hgA9j-4dB0"]http://youtu.be/4hgA9j-4dB0[/url][/center]

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[quote name='Arrjun' timestamp='1381295074' post='1304377025']
[img]http://4.bp.blogspot.com/-wUQr64Rlz_M/T7Ab5zGqbxI/AAAAAAAABKQ/A5679p9HR8Y/s180/idi-amin-laughing.gif[/img]
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[quote name='puli raaja' timestamp='1381295085' post='1304377027']
[img]http://3.bp.blogspot.com/-7rGDemt1yyY/T2GDBtaFMAI/AAAAAAAACME/Lt-hQnS0-4M/s1600/brahmanandam+blessing.gif[/img]
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[quote name='Brahmanandam_AFDB' timestamp='1381295208' post='1304377041']
[center][media=]http://youtu.be/4hgA9j-4dB0[/media][/center]
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Your Faces Manda...cheppededo typling chesi cheppandi.... office lo gif's, jpeg's, youtube blocking chesaru.

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[img]http://www.desigifs.com/sites/default/files/2013/pfdb_brahmi26.gif?1377272905[/img]

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[quote name='Speed6' timestamp='1381295389' post='1304377059']
[img]http://www.desigifs.com/sites/default/files/2013/pfdb_brahmi26.gif?1377272905[/img]
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evado nee thammudu thiruguthundu aadi sangati chudu

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[quote name='puli raaja' timestamp='1381295589' post='1304377083']
evado nee thammudu thiruguthundu aadi sangati chudu
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adangi edhava vaadu...em peeka leka fake id tho vachadu....content unte original id tho vachevaadu...ituvanti aadangi edhavalni lite teesukovatame [img]http://25.media.tumblr.com/811f181bf28e002168c10499bf31ed83/tumblr_mtrh9xUe7i1spvnemo1_250.gif[/img]

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[quote name='Speed6' timestamp='1381295747' post='1304377093']
adangi edhava vaadu...em peeka leka fake id tho vachadu....content unte original id tho vachevaadu...ituvanti aadangi edhavalni lite teesukovatame [img]http://25.media.tumblr.com/811f181bf28e002168c10499bf31ed83/tumblr_mtrh9xUe7i1spvnemo1_250.gif[/img]
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ne series eppati daka alrdy created aa babu caps lo digadu [img]http://2.bp.blogspot.com/-LBJaMAqqkHM/UX4B5LF3jZI/AAAAAAAADy0/epnnxR2qeYE/s1600/brahmilaugh.gif[/img]

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[quote name='Speed6' timestamp='1381295747' post='1304377093']
adangi edhava vaadu...em peeka leka fake id tho vachadu....content unte original id tho vachevaadu...ituvanti aadangi edhavalni lite teesukovatame [img]http://25.media.tumblr.com/811f181bf28e002168c10499bf31ed83/tumblr_mtrh9xUe7i1spvnemo1_250.gif[/img]
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Evadoo telisinda baa .... [img]http://www.andhrafriends.com/uploads/gallery/album_15/gallery_24383_15_149753.gif[/img]

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[quote name='puli raaja' timestamp='1381295831' post='1304377102']
ne series eppati daka alrdy created aa babu caps lo digadu [img]http://2.bp.blogspot.com/-LBJaMAqqkHM/UX4B5LF3jZI/AAAAAAAADy0/epnnxR2qeYE/s1600/brahmilaugh.gif[/img]
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inka ledu....veedu hijack chesadu [img]http://25.media.tumblr.com/811f181bf28e002168c10499bf31ed83/tumblr_mtrh9xUe7i1spvnemo1_250.gif[/img]

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