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Message
re: The Debt Ceiling Deadline will be a test of the House. What will we get?
Posted on 1/18/23 at 10:00 pm to Jjdoc
Posted on 1/18/23 at 10:00 pm to Jjdoc
NPR already reporting it will be “really bad” when it happens by Summer.
SUMMER??? Really? It’s freakin’ January and the liberals are hand wringing already. Looming recession. Bad unemployment. So bad. “C’mon bro, we gotta raise the debt ceiling”
Guess what, this has happened time and again. Doom and gloom. Apocalypse talk. And yet here we are in 2023, still alive.
Why must they turn every freaking thing into a crisis.
SUMMER??? Really? It’s freakin’ January and the liberals are hand wringing already. Looming recession. Bad unemployment. So bad. “C’mon bro, we gotta raise the debt ceiling”
Guess what, this has happened time and again. Doom and gloom. Apocalypse talk. And yet here we are in 2023, still alive.
Why must they turn every freaking thing into a crisis.
3
Posted on 1/18/23 at 10:03 pm to TDFreak
quote:that is after the fed moves stuff around to pay bills. However Congress will wait until the last moment before doing anything
SUMMER??? Really?
Posted on 1/18/23 at 11:04 pm to TDFreak
quote:Because at some point, there comes a tipping point where the US government will be insolvent. Either you're on the side of delusion or reality. Those who are realist know that the merry-go-round can come to a screeching halt and come off its axle and crash if this madness is not reeled in quickly
Guess what, this has happened time and again. Doom and gloom. Apocalypse talk. And yet here we are in 2023, still alive.
Posted on 1/19/23 at 7:43 am to TDFreak
quote:
NPR already reporting it will be “really bad” when it happens by Summer.
Technically we are set to hit the debt ceiling today. Now we're at the point we are picking what bills to pay on time vs pay late. At some point there won't be enough collections to cover the interest expense. Rising interest rates gets us their quicker.
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