Economy Usa hits debt limit/ debt ceiling

[44nutman]

Does anyone really believe we’ll default? Chicken little much?

No it happens every budget. Political theater is suck a time waster but it does get you sound bites on whatever media your voters digest.

 

[44nutman]

Deficit Donny was the worst with spending. Dude treated our budget like one of his casinos.

 

[Jack V Savage]

The 2011 fiasco was a bit of a watershed moment for me. It’s when my view of the
Republicans went from shitty political party I don’t like to something more akin to a domestic terrorist group or a bunch of arsonists.

It was also the most upset I got at Obama (posted about it too). It's insane to "bargain" when you don't get anything except that they agree not to deliberately crash the economy. By treating the tactic as legitimate, it led to Republicans doing it more IMO.

 

[cottagecheesefan]

Biden, “need clean debt ceiling raised and absolutely no cuts from out amazing budget!”

also Biden:





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Edit: and this isn’t just a couple million to a few teachers. They have to pay admins to propose and write up this program, maintain it, the travel, housing, cost of connections in Pakistan, etc. how many tens of millions wasted on a shit program like this, when our own schools failing greatly. Such a shame and waste for our country. Yet I am sure some woke ass lobbyist from the teachers Union is getting a plush job with a slush fund of sorts, to do this program

 

[BIKES!]

Biden, “need clean debt ceiling raised and absolutely no cuts from out amazing budget!”

also Biden:





<45><45><45>

Edit: and this isn’t just a couple million to a few teachers. They have to pay admins to propose and write up this program, maintain it, the travel, housing, cost of connections in Pakistan, etc. how many tens of millions wasted on a shit program like this, when our own schools failing greatly. Such a shame and waste for our country. Yet I am sure some woke ass lobbyist from the teachers Union is getting a plush job with a slush fund of sorts, to do this program

In before the indoctrinated and brainwashed NPCs compare the once in a generation Covid debt under Trump (driven by Democrat closures) to what Biden self inflicted. Today’s left will forever be a shit stain in history…

 

[Spounman]

https://www.foxnews.com/politics/bi...ish-teachers-pakistan-focus-transgender-youth

 

[Ruke Doufus]

Good ol crazy Joe... Spending like it's going out of style up to the debt limit, unwilling to talk about cutting back and the chuds just keep on clapping for him.... 'Murica.

 

[Jack V Savage]

Good ol crazy Joe... Spending like it's going out of style up to the debt limit, unwilling to talk about cutting back and the chuds just keep on clapping for him.... 'Murica.

Spending bill originate in the House in America.

 

[Queen B]

Good ol crazy Joe... Spending like it's going out of style up to the debt limit, unwilling to talk about cutting back and the chuds just keep on clapping for him.... 'Murica.

Debt limit was pushed by Bunker Boy

 

[emefer]

Biden just needs to tell Janet to pay the damn bills and let the repugnantcons take him to court over it.

 

[Jack V Savage]

Biden just needs to tell Janet to pay the damn bills and let the repugnantcons take him to court over it.

It's a stupid situation. He's legally mandated to spend money appropriated by Congress, but Congress is now saying they won't give the money needed. No other country has such a dumb loophole in the rules that allows politicians to hurt their own country if they don't get policy concessions they couldn't get democratically.

 

[LMP]

Adding to the debt or creating the system of unlimited spending without consequences?

The debt ceiling has to be raised or the government cant pay the bills. Mixing the budget with the debt ceiling is pretty dumb. The Republicans can focus on the budget to cut spending and make sure we dont default on our debt.

 

[ShadowRun]

AOC

getting things done

 

[emefer]

The debt ceiling has to be raised or the government cant pay the bills. Mixing the budget with the debt ceiling is pretty dumb. The Republicans can focus on the budget to cut spending and make sure we dont default on our debt.

The debt ceiling needs to go. It’s unnecessary and it’s just political theater.

 

[emefer]

AOC

getting things done

Good. Don’t see how this belongs here though

 

[cottagecheesefan]

The debt ceiling has to be raised or the government cant pay the bills. Mixing the budget with the debt ceiling is pretty dumb. The Republicans can focus on the budget to cut spending and make sure we dont default on our debt.

Their stance though is that there is enough money coming in that as long as spending is prioritized, Medicare and SSI will still be covered, along with paying our debts, so long as the admin prioritizes spending. Yellen says we will default on 6/1 or whatever, but hasn't shown anything to prove it, it is simple fear mongering to try and get McCarthy to give in.

As you can see on the treasuries own website, since the start of this fiscal year (October 2022), the US has brough in over 2 trillion, over 4 trillion in a year.

https://fiscaldata.treasury.gov/americas-finance-guide/government-revenue/

That is still enough for military, SSI, Medicare, and even more. There is money coming in and if they don't want to budge on all these ridiculous programs like the one posted today about teacher promoting trans in Afghanistan. If they want to save money, they can also manage the border better, so we don't have millions and millions of additional people needing various benefits.

It is simple, and this line about "the full faith and credit, we're going to default" is stupid. Before COVID, Trump's budgets were 4.1 and 4.4 trillion, that is covered by the amount of money we currently bringing in. There is no more COVID emergency, Biden does not need 6.7 trillion to spend on a bunch of ridiculous shit that hurts the economy (both with inflation and with pushing us to rely more on China with these ridicllous climate goals)

 

[emefer]

Their stance though is that there is enough money coming in that as long as spending is prioritized, Medicare and SSI will still be covered, along with paying our debts, so long as the admin prioritizes spending. Yellen says we will default on 6/1 or whatever, but hasn't shown anything to prove it, it is simple fear mongering to try and get McCarthy to give in.

As you can see on the treasuries own website, since the start of this fiscal year (October 2022), the US has brough in over 2 trillion, over 4 trillion in a year.

https://fiscaldata.treasury.gov/americas-finance-guide/government-revenue/

That is still enough for military, SSI, Medicare, and even more. There is money coming in and if they don't want to budge on all these ridiculous programs like the one posted today about teacher promoting trans in Afghanistan. If they want to save money, they can also manage the border better, so we don't have millions and millions of additional people needing various benefits.

It is simple, and this line about "the full faith and credit, we're going to default" is stupid. Before COVID, Trump's budgets were 4.1 and 4.4 trillion, that is covered by the amount of money we currently bringing in. There is no more COVID emergency, Biden does not need 6.7 trillion to spend on a bunch of ridiculous shit that hurts the economy (both with inflation and with pushing us to rely more on China with these ridicllous climate goals)

You posted it you’d think you’d have it right.
It's for teachers in Pakistan and it’s 500k even though you spoke of the millions upon millions that were being wasted on it. Where do you come up with the millions?

 

[Protectandserve]

I'm easily confused.
But do tell about the analogy between "the Lannisters" and the US government

We kill people at weddings?

 

[ThaiSexPills]

Deficit Donny was the worst with spending. Dude treated our budget like one of his casinos.

He was pretty bad but he’s been out of power for 3 years. Has it gotten better? NO.

The money printer machines run on and the rich pick up the fresh money directly or launder it overseas

 

[44nutman]

He was pretty bad but he’s been out of power for 3 years. Has it gotten better? NO.

The money printer machines run on and the rich pick up the fresh money directly or launder it overseas

Ole Man Biden is not better, neither was HI born Obama.
Bush Jr put a war on a credit card.
Brain dead for his last 2 years Reagan was horrible.
Bush Sr was the best out of the last 7 Presidents with knowledge of foreign governments but he was left with a recession and unfortunately America was ready to go younger with a President and he lost in 4 years. His budgets were meh!
The last good one was Creepy Bill, because for some reason, the GOP controlled House decided to work with him on the budget.