re: Bannon reports Yellen is in panic mode over Rs immovable position on the debt ceiling.

They will fold at the last minute. I've seen this before.

That's why Bankruptcy was invented.

It's well over $100 trillion. No one seriously believes it will ever be paid off.

All great nations eventually break apart. There are no exceptions.

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We are currently paying them. When the Treasury runs of of money in June because it cannot continue to borrow anymore, we won't be paying anything at all. No interest payments, no SS, no medicare, nothing.

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The only payment that is a default must pay obligation is the interest on the current debt, the other payments are technically discretionary.

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You pay the bill regardless, no?

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When do you graduate from kindergarten?

Or are you just a mindless parrot repeating nonsense and bullshite from your cult leaders?

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It's becoming more apparent that McCarthy has become compromised through the extreme elements of Republicanism-- Andy Biggs, Lauren Boebert, Marjorie Taylor Greene, et.al.

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It’s been apparent for years on this forum you were compromised from a fatherless household.

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Ryan or Boehner would have never had a brouhaha over r^a^i^s^i^n^g the debt ceiling. Veterans and social security recipients could always have depended upon their payments being posted on time in their accounts.

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Tell me what specific debts aren’t serviced from McCarthy’s house passed budget.

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You pay the bill regardless, no?

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Not if there isn’t one.

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Stopped reading after this

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Too bad, could have educated yourself a bit.

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All of the debt of the United States has already been approved by Congress. We are already obligated to pay this money--by the Congress.

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Then why aren't these bill being paid??

Is the EXECUTIVE wasting the money on something else???

siincerely don't understand this - IF the money was allocated - what happened to it.

I am seriously under-educated on this. THIS congress has only been in control since Jan. THEY cannot be blamed for what the LASTY congress did - can they?? The same executive is still in control of spending the money allocated by the last congress?? are they not??
what happened to last year's allocation??

The last congress also approved a debt limit - this congress is proposing an increase in that limit - but is DEMANDING that the EXECUTIVE control they're SPENDING going forward.

NOW - is it the case that the last congress OBLIGATED the country to pay for stuff they KNEW we would not have the capacity to honor??

I am not at all understanding the working of finance at this level

I do know how household budgeting works - the hard way. After a few painful bouts with credit cards in the past, I finally learned to STOP SPENDING on stuff that I COULD NOT AFFORD. I was in my 20s at the time.

Really - I do not understand this

I do know the intent of Democrats - and many Rinos tho.

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You pay the bill regardless, no?

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But you don't keep increasing the credit line, no?