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ยป US will default this summer unless Congress raises debt limit
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post 1677269143 02-15-2023, 01:19 PM
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  1. greenleaf
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US will default this summer unless Congress raises debt limit

U.S. will default this summer unless Congress raises debt limit, CBO warns

The Congressional Budget Office has issued a new estimate of how long the Treasury Department can sustain its extraordinary measures to prevent a debt default: Five to eight more months.

If Congress does not pass a debt ceiling increase before these measures are exhausted, the government will have to delay certain payments, default on its debt, or both, CBO said.

https://www.cnbc.com/2023/02/15/debt...-cbo-says.html
post 1677269713 02-15-2023, 01:27 PM
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  1. JUSA
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Sounds like a call for the GOP to not cut a single dime of spending and increase that limit.
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident.

- Arthur Schopenhauer
post 1677271163 02-15-2023, 01:47 PM
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  1. frankdtank20
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If they don't come up with a compromise in the next half year....



Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1677272193 02-15-2023, 02:01 PM
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  1. swoleyo
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Originally Posted By greenleaf
U.S. will default this summer unless Congress raises debt limit, CBO warns

The Congressional Budget Office has issued a new estimate of how long the Treasury Department can sustain its extraordinary measures to prevent a debt default: Five to eight more months.

If Congress does not pass a debt ceiling increase before these measures are exhausted, the government will have to delay certain payments, default on its debt, or both, CBO said.

https://www.cnbc.com/2023/02/15/debt...-cbo-says.html
Why will these clowns do everything except reduce spending?
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post 1677272453 02-15-2023, 02:03 PM
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Good. hope they default and chit hits the fan.

Fuk all this debt spending.
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post 1677272853 02-15-2023, 02:08 PM
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Yawn
post 1677274613 02-15-2023, 02:38 PM
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Surely this time enough members of congress will do the fiscally responsible thing and cut spending. What's that you say? They will do nothing, Chip Roy will make an angered speech on the house floor, and then they will overwhelmingly agree to raise the debt ceiling like they always do?
post 1677275343 02-15-2023, 02:51 PM
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Originally Posted By swoleyo
Why will these clowns do everything except reduce spending?
Because every lobby in the country is about getting more not less. Reducing spending significantly is the cure but there will never be agreement on where the cuts happen.
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post 1677275743 02-15-2023, 02:57 PM
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Without accountability, $100,000,000 will continue to be given to random diversity programs that offer no substance but to enrich the friends of Congress.

Congress can't even hold itself accountable because it's blackmailed into existence to ensure the survival of the corrupt machine.
The Era of Great Noticing has begun.
Modern liberalism is morally bankrupt and demonic.
Right wing politics is the new counter-culture.
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The 2nd Cold War has begun.
post 1677281223 02-15-2023, 04:37 PM
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Don't we do this like every year or something? We supposed to care?
post 1677283173 02-15-2023, 05:22 PM
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Oh wonderful.. the Republicans are going to hold the country hostage again. Great.
post 1677284713 02-15-2023, 05:55 PM
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Originally Posted By R3L3NTL3SS
Don't we do this like every year or something? We supposed to care?
this, theyve been doing this steady for decades
post 1677284763 02-15-2023, 05:56 PM
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Originally Posted By NYPat
Oh wonderful.. the Republicans are going to hold the country hostage again. Great.
I do truly hope they road block all of it and make you children pay the price
post 1677297383 02-15-2023, 10:02 PM
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In the mean time $3 trillion was just wired to Zelenskyy's bank account so he can STFU until next week.
post 1677298343 02-15-2023, 10:25 PM
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Republicucks will raise the ceiling with no real compromise.

Establishment gonna Establish
post 1677444983 02-17-2023, 05:03 PM
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#16
  1. nutsy54
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Originally Posted By NYPat
Oh wonderful.. the Republicans are going to hold the country hostage again. Great.
Two years of incompetent fiscal policies from Pelosi/Schumer/Biden...Let's blame Republicans!
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