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US will default this summer unless Congress raises debt limit
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02-15-2023, 01:19 PM
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#1
- greenleaf
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- 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
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
02-15-2023, 01:27 PM
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#2
- JUSA
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- 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
02-15-2023, 01:47 PM
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#3
- frankdtank20
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- 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!!!!
02-15-2023, 02:01 PM
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#4
- swoleyo
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- swoleyo
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Originally Posted By greenleaf⏩
Why will these clowns do everything except reduce spending?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
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
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02-15-2023, 02:03 PM
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#5
- friesbruh
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- friesbruh
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Good. hope they default and chit hits the fan.
Fuk all this debt spending.
Fuk all this debt spending.
Bills crew / Bud Light crew / extra onion crew / M&P crew / lcp2 crew / ap3 crew / Trump crew / mcdonalds app crew / cat-owner crew / Tin Cup crew / self-checkout crew / country music crew / RIP snails crew / 214CE crew
02-15-2023, 02:08 PM
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#6
02-15-2023, 02:38 PM
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#7
- SmithMachineGuy
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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?
02-15-2023, 02:51 PM
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#8
- JoshSP1985
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- JoshSP1985
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Originally Posted By swoleyo⏩
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.Why will these clowns do everything except reduce spending?
*PUREBLOOD CREW*
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02-15-2023, 02:57 PM
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#9
- XterraRob
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- XterraRob
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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.
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.
02-15-2023, 04:37 PM
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#10
- R3L3NTL3SS
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- R3L3NTL3SS
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Don't we do this like every year or something? We supposed to care?
02-15-2023, 05:22 PM
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#11
02-15-2023, 05:55 PM
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#12
- AlwaysFocus
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- AlwaysFocus
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Originally Posted By R3L3NTL3SS⏩
this, theyve been doing this steady for decadesDon't we do this like every year or something? We supposed to care?
02-15-2023, 05:56 PM
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#13
- AlwaysFocus
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- AlwaysFocus
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Originally Posted By NYPat⏩
I do truly hope they road block all of it and make you children pay the priceOh wonderful.. the Republicans are going to hold the country hostage again. Great.
02-15-2023, 10:02 PM
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#14
02-15-2023, 10:25 PM
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#15
02-17-2023, 05:03 PM
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#16
- nutsy54
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- nutsy54
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Originally Posted By NYPat⏩
Two years of incompetent fiscal policies from Pelosi/Schumer/Biden...Let's blame Republicans!Oh wonderful.. the Republicans are going to hold the country hostage again. Great.

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