ROCKFORD (WIFR) -- President Obama threatened social security payments and veterans' checks,could be delayed if a deal is not reached to raise the debt limit above$14.3 trillion by August 2nd. That's when the Government will stop being able to borrow money.
But local financial advisor Grant Moore doesn't think we'll reach that point. But on the chances we hit the ceiling, Moore says there would still be funds available to pay some seniors, if the government chooses.
"There is still Government revenue coming in each month I think about 200 billion dollars that comes in. with the current revenues that are coming in, regardless of if the ceiling is reached or not, it would pay about 60 percent of the Governments bills, which still leaves a good chunk left unfunded."
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Gray Television Inc.
Gray Television, Inc. is a television broadcast company headquartered in Atlanta, Georgia, whose primary mission is to provide quality news and entertainment services to the local markets in which the Company operates. Our commitment to local interests and a selective acquisition strategy provides growth opportunities, which builds long-term value for our stockholders.
Gray currently operates 36 television stations serving 30 markets. We broadcast a primary channel from each of our stations and also operate at least one secondary channel from the majority of our stations. Each of our primary channels are affiliated with either CBS (17 channels), NBC (10 channels), ABC (8 channels) or FOX (1 channel). In addition, we currently operate 40 secondary channels that are affiliated with either ABC (1 channel), FOX (4 channels), CW (8 channels), MyNetworkTV (18 channels), Untamed Sports Network (1 channel) and The Country Network (1 channel) or are operated as local news/weather channels (7 channels).
Gray Television Inc is part of the NYSE under ticker symbol GTN.
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