Jessica-stormlover
Diamond Member
- Oct 4, 2021
- 2,981
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- #61
I hope you're right.No it won't
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I hope you're right.No it won't
When did the irs stop collecting taxes?So they aren’t collecting taxes?
I hope you're right.
What Happens When the U.S. Hits Its Debt Ceiling?
U.S. lawmakers have increasingly used the debt ceiling to re-litigate congressional spending, risking default and sparking debate over whether to abolish the ceiling.www.cfr.org
Will Social Security checks be late? How the debt limit fight could impact your July payments
Americans who rely on Social Security, food stamps, Medicare and more could lose their benefits if the U.S. defaults on its debt. Here's why.www.usatoday.com
Any more demands to do your Google search for you?
Republicans have already passed a bill to raise the debt ceiling dummy.If we default your SSI and SSD will stop! This means the republicans will have taken away your ability to pay the rent, pay the electric bill and to buy food.
The right answer is for stupid Joe to sign the fucking House Bill, failing that, bad things happen.Outstanding. So we are closing and releasing thirty percent of the Federal Prisoners? Excellent. I’m sure that will be very popular with the Law and Order types.
Right now the Navy has 11 carriers. We will cut them down to 8 and that will be fine.
The right answer is for stupid Joe to sign the fucking House Bill, failing that, bad things happen.
My point was that the US won't technically default because we can still pay the interest on the $32T Debt.
Instead of cutting Defense we could shut the Dept of Education, as an example. HUD? Welfare? Medicaid? Transportation? Environmental? The FBI? DOJ?
A-Z index of U.S. government departments and agencies | USAGov
Get contact information for U.S. federal government agencies, departments, instrumentalities, and government-sponsored enterprises. Find websites, email, phone numbers, addresses, and more.www.usa.gov
Spending is way above pre-pandemic spending. Our debt Is rising, that is the bottom line, the government is over spending.Biden has actually cut spending...
View attachment 784497
He has also increased Revenue as well... IT was the previous administration that was out of control who increased the deficit...
This hurts GOP, this show Democratic leadership works and they need to sabotage that quickly... Your hatred for Democrats has you blinded from facts that Democrats are far more fiscally responsibly than Republicans...
Now read this carefully this time.
Right told this before:
US credit rating is evaluated on their ability to pay... This is done generally by the Debt to GDP ratio....
All the shouts here for stop Debt ceiling raise or cut services drastically cut GDP... Massive drops that would shake confidence in the economy that will cause a generation of slow growth...
This will make the Debt to GDP ratio go higher, this will increase interest rates (dramatically).
It will also cripple the tax revenue coming in, which is used to service the debt.
So in the end they would do great harm to the US Economy...
The Debt Ceiling needs to be increased and should not be used by either side as a negotiating tactic, it is like dealing with a terrorist with suicide vest, willing to blow up everything to get what he wants...
US has a long history of not negotiating with terrorists...
So the question is :
Why are you trying to back the people(GOP) who have history of increasing deficits over the people(Dems) right now who are cutting them?
Please get away from your right wing media emotional comfort blanket and engage in facts.
Fine. Do it. That means a default because you won't be cutting 30% of spending so the government checks would all bounce.I’ll do you one better. Why don’t we stop spending by those departments in Red States? Just shut down Federal Spending in the Red States.
Because what you are suggesting is exactly what the Republicans are telling Biden what he would have to do.
And I’d do it in his shoes. I’d shut down Military bases in those Red States. I’d send the Coast Guardsmen home. I’d pardon every single prisoner in any Federal Prisons or jails in those States. I’d have the FBI take the phone off the hook and leave.
You don’t want the Feds, enjoy. And don’t call us. We won’t be calling you.
I’d shut down National Guard and Reserve spending in those states.
If we default your SSI and SSD will stop! This means the republicans will have taken away your ability to pay the rent, pay the electric bill and to buy food. These pieces of treasonous crap will put millions of people onto street corners, evicted and without. People that can't work, people that are old, people in wheel chairs, and people with mental disabilities. How evil can this party be? These people even if Biden accepts their evil bill will see their ssi and ssd go back to 2022 levels which are about 8 to 10% less and would make life a lot harder on these same people. Old joe that lives in the villages of Florida that needs to pay the rent and has worked for 50 freaking years is looking down his choice because he voted republican stupidly thinking that they gave a damn about him! Cold reality is going to hit him in the face when he is out on his ass.
yes....assuming there are buyers for 30T of it....~S~So Yellen needs to prioritize who gets paid and who needs to wait.
Interest on the debt gets paid first.
They hate the veterans and the elderly and the children and disabled.
yep and cut spending. And is always the case, the demofks say, hey, hey, no cutting spending until we say so, so unless you don't pull those cuts, we won't negotiate and the issue is all republicans. So the question is, will republicans cave as always?Republicans have already passed a bill to raise the debt ceiling dummy.
all of our tax revenue disappeared? Who stole it?Fine. Do it. That means a default because you won't be cutting 30% of spending so the government checks would all bounce.
The Federal government would collapse. No money.
yeah, let's discuss the billions that went to Ukraine that wasn't in the budget!!! Why do demofks avoid the truth so frequently?Spending is way above pre-pandemic spending. Our debt Is rising, that is the bottom line, the government is over spending.