Debt Default....what happens

[busybee01]

You listen to Biden?

I listen to him more that Nazi Republicans like you and Trump.

 

[Admiral Rockwell Tory]

So, why did they not do it in 2017 when they had the House and the Senate?

In 2017, we could not afford to cut anything because the system was starving thanks to Ohbummer's spending on the wrong things.

 

[busybee01]

They agreed to a budget and deal ceiling increase, it was a total package. They agreed to not spend as much as the Dembots wanted.

Why won't Xiden do that now? Xiden won't agree to anything, he says pass what he wants or we are defaulting.

It's Xiden that won't move, not the GOP...they agreed to raise the debt ceiling....

House GOP passes its debt bill, upping pressure on Biden

It's a symbolic victory, since the legislation is DOA in the Senate, but Republicans hope it will force the president to the negotiating table.

www.politico.com

The GOP has not put forward a serious proposal. Biden should not negotiate as Republicans tell ordinary people to drop dead. We will have dirty air and dirty water. Hunger and poverty will increase. Biden should tell Americans what is really in this bill and he will not compromise on this.

 

[busybee01]

Our credit rating will tank, bigly. It could also trigger a worldwide economic crash.

And it will be all the trannies' fault.

It will be the fault of Nazi Republicans.

 

[Toddsterpatriot]

No Republican demanded spending cuts either. What Republicans are demanding are policy changes which violate the separation of powers. If you don't like a policy that Biden has created then pass a law through Congress and override a potential veto.

What Republicans are demanding are policy changes which violate the separation of powers.

Dems are free to follow their policies. If they can do it without any new debt.

 

[busybee01]

In 2017, we could not afford to cut anything because the system was starving thanks to Ohbummer's spending on the wrong things.

Bullshit. Trump oversaw a $8 trillion dollar increase in the debt.

 

[busybee01]

What Republicans are demanding are policy changes which violate the separation of powers.

Dems are free to follow their policies. If they can do it without any new debt.

There is only one thing a blackmailer should get. Jail time.

 

[Toddsterpatriot]

The GOP has not put forward a serious proposal. Biden should not negotiate as Republicans tell ordinary people to drop dead. We will have dirty air and dirty water. Hunger and poverty will increase. Biden should tell Americans what is really in this bill and he will not compromise on this.

We will have dirty air and dirty water. Hunger and poverty will increase.

That's awful! Biden should get a clean bill to fix those.

 

[Admiral Rockwell Tory]

Bullshit. Trump oversaw a $8 trillion dollar increase in the debt.

Thank you Ohbummer and COVID-19!

 

[busybee01]

That's a good question. We've never seen it because they always raise the debt ceiling. It could all be a farce. Just one big lie. But the consequences of it might be a domino effect where a LOT of other countries just simply stop trading in USD.
The power of the USD comes from it's perception of it's power, since it's not actually backed by anything other than the reputation of the USD itself.

Defaulting on our debt wouldn't have to mean the military, vets or SS recipients wouldn't get paid. I'm thinking it would simply mean the fed wouldn't get it's interest. And those who have bought our debt (China, Japan and others) wouldn't be allowed to cash in and get paid what we owe them.

The government does not have the ability to make certain payments and not make certain payments. All payments will likely end. Even if you did, how do you make the decision? Republicans want to take care of their supporters. That is not fair to others.

 

[busybee01]

Hey stupid, the House already passed a bill raising the debt ceiling.

They did not pass a serious bill. Biden should say "hell no."

 

[busybee01]

We will have dirty air and dirty water. Hunger and poverty will increase.

That's awful! Biden should get a clean bill to fix those.

What I would expect from a Nazi.

 

[busybee01]

Thank you Ohbummer and COVID-19!

Thank you Trump!

 

[Admiral Rockwell Tory]

Thank you Trump!

You have to a satirist. No one should be that stupid!

 

[Admiral Rockwell Tory]

They did not pass a serious bill. Biden should say "hell no."

Why? The bill raised the debt ceiling, did it not?

 

[struth]

They had control of the house in 2017 when they raised it twice.

hahah they didn’t raise it twice in 2017

The GOP has not put forward a serious proposal. Biden should not negotiate as Republicans tell ordinary people to drop dead. We will have dirty air and dirty water. Hunger and poverty will increase. Biden should tell Americans what is really in this bill and he will not compromise on this.

haha of course they have, they just passed one.

the dems apparently don’t want to actually pass one

 

[Toddsterpatriot]

What I would expect from a Nazi.

Stupid twat says what?

 

[airplanemechanic]

Bullshit. Trump oversaw a $8 trillion dollar increase in the debt.

So did Biden, in half the time. So by definition Trump was TWICE as fiscally conservative as Biden is.

 

[YoursTruly]

If they really cared about cutting spending they should not have needed to fight.

It is almost as if they do not really care about spending

The bills that comes due, if we default, won't all come due at the same time.

 

[Nostra]

You are the filthy pieces of trash that are trying to hurt America. The Big Guy got 10% of nothing. This is a right wing fantasy.

Not according to Crackhead’s business partner.

The Bug Guy got 10%.