Yellin getting pushy

[cnm]

First- if we can’t pay our bills without borrowing more isn’t that bankruptcy? Seems to be the very definition of it.

JFC

No wonder the Republicans have the House.

 

[Lesh]

Nobody can live off of debt forever. Individuals, families, corporations, states, nations. An economy built on debt can’t survive. It’s a simple economic fact.

Nations are different than families idiot.

This country has always had debt.

Inflation makes it moot. We still the entire debt from WW II and it’s inconsequential because of inflation

 

[skye]

Barry the Magnificent shut down the gubment in 2013 and the world did not come to an end.

Barry the Magnificent........................... that's well.....magnificent!

 

[SeaMajor7]

Rome wasn't built in a day, nor did it fall in one....

 

[1srelluc]

I'm ready for the default party....Let's do this thing.

 

[Lesh]

I'm ready for the default party....Let's do this thing.

Recessions are SO much fun huh?

 

[Zincwarrior]

Yellen Sends New Warning Letter About Default...to the Wrong Person

townhall.com

Why is she sending emails about default to the only person that actually passed a budget? She may want to talk to the other two branches about that.

I also have a couple questions.

First- if we can’t pay our bills without borrowing more isn’t that bankruptcy? Seems to be the very definition of it.

Second- if stopping more spending is going to kill our economy what exactly is our economy built on? Do we have an economy based on nothing but loans? That’s a pyramid scheme.

Third- who loses money if we don’t take on more debt? Is it the FED? They hold most of our debt. So if we don’t take on more the people that are printing the money loose? Is this a bad thing?

Just shut off all payments to MAGA states.

 

[Thunk]

Well those bonds may have been a bad bet.

That means the end of the world (financially speaking).

When there is no food, gas, or meds...do you think people will sit quietly and watch their children starve? Or will they burn entire cities to the ground?

 

[Thunk]

Pass a clean debt ceiling bill and move along

So dems can keep on spending and food prices double AGAIN?

Sorry. Ain't gonna happen!

 

[Thunk]

Just shut off all payments to MAGA states.

What the bloody fuck is a "MAGA state"?

 

[scruffy]

Nations are different than families idiot.

^^^

This from the It Takes a Village people.

This country has always had debt.

That's your excuse?

Have you ever actually cracked a history book?

Do you realize Lincoln had to borrow money from the Russians to finish the Civil War?

You might want to check into the National Currency Acts (there were two of them).

Inflation makes it moot. We still the entire debt from WW II and it’s inconsequential because of inflation

Yowie.

No one should listen to you, you're an idiot.

 

[Harpy Eagle]

Nobody can live off of debt forever. Individuals, families, corporations, states, nations. An economy built on debt can’t survive. It’s a simple economic fact.

Is there any particular reason the debt was not a concenr for you until Biden took office?

Why did you have none of these concerns when the debt ceiling was raised 3 times under Trump?

 

[wamose]

If the whole of the economy is so fragile that it could collapse in days regardless of circumstances, it needs to collapse and be rebuilt with a more durable system.

Like our DOJ?

 

[1srelluc]

Recessions are SO much fun huh?

At least it should put the brakes on Ukeland spending for a spell.

 

[Seymour Flops]

And they’d be right.

Pass a clean debt ceiling bill and move along

Why not just pass a bill eliminating the debt ceiling? Call it the "Democrats get to spend as much as they want" law. That is obviously the real aim.

Nah.

Here's a better idea: Since congress and not the president has soul power to borrow money, sign this latest increase in the amount borrowed along with the very reasonable conditions. Then - the country having been saved from default - Joe can explain to us any need he feels to raise spending.

 

[Lesh]

Yowie.

No one should listen to you, you're an idiot.

The entire debt from WWII was 200 billion. We still carry that debt. Inflation makes it a non-issue

U.S. National Debt by Year

The U.S. national debt grew to a record $34 trillion by the end of 2023. It was just $16 billion in 1930.

www.thebalancemoney.com

 

[pknopp]

Why do I rarely if ever see it noted that much of our problems lie at her feet over her policies at the Federal Reserve? If she hadn't kept rates so artificially low all those years we would have been forced to address the debt long ago.

 

[pknopp]

The entire debt from WWII was 200 billion. We still carry that debt. Inflation makes it a non-issue

U.S. National Debt by Year

The U.S. national debt grew to a record $34 trillion by the end of 2023. It was just $16 billion in 1930.

www.thebalancemoney.com

Our reckless spending is why other countries are targeting the dollar to undercut it. It is a major issue.

 

[Frankenstein]

1. not if you can get more credit

2. Yep, same thing it was built on the 3 times it was raised under the last guy to keep this from happening

3. The markets will crash, interest rates will go sky high and we will still owe the money

Cool story, pass the bill, keep 2022 spending easy peasy!

 

[Frankenstein]

And they’d be right.

Pass a clean debt ceiling bill and move along

No the Government needs to reign in spending now keep the spending the same as last year and move on Democrats are not negotiating.