Could it be that MAGA wants to see the US default?

[Moonglow]

bank failures are certainly a sign of recession

Not really since the whole idea is to tighten money supplies to help with inflation, someone is gonna bite the dust if they have been loose and wild with their funds.

 

[Ame®icano]

They defend Poootin and Russia. They really want to bring the US down to the level if c Russia. Unless moderate repubs step up, Margie Greene and the trump cult will force a default.

What do you think "default" means?

US collects more than enough taxes (roughly twice) to cover our debt obligations. Government cannot chose between servicing debt and their pet projects, constitutionally, debt has priority.

Yellen threatening social security over debt ceiling increases is bullshit, and she got called on it. Yellen was right when she said that if debt ceiling is not raised "we'll have to default on something". Then she defined that "something" is social security" and national debt, you immediately believed in it, is it's truth. No, it isn't, because that's not on her to decide.

What Yellen said, is typical leftist game, scaring the shit out of seniors, because if you don't pay us, we'll starve your grandma. Nope, it doesn't work that way. Leftist government will bend heaven and earth, they will break every law, ignore every rule, to get what they want. One thing they cannot do is chose priority of what will get paid with the money they got. Yellen repeating default treats are fear campaign to get financial markets to panic. Believe it or not, her job is not to crash financial markets, which may be surprising given what she did to the banks, so if default threat is fake, Yellen's true message boils down to "grandma will get paid".

I don't expect you lefties to accept the reality, because you shown over and over you're not capable of recognizing what reality is. Biden's handlers put out a tweet saying that if debt ceiling is not raised, first thing they will cut are wildland firefighters, national park rangers, and workers who regulate water quality, signaling that they will make your life as panful as humanly possible. I'm wondering how did they miss to mention school lunches, but that might be due to twitter character limit. Now, back to reality you know nothing about...

Federal revenue so far this year was two and half times higher that Yellen's social security and debt payments. In fact it's been a full trillion more than all of the hostages... social security, debt interest payments, Medicare, veterans, school lunches, fireman, and water inspectors budgets together. In other words, the could cover all of the essentials with few trillions every year for defense and renaming post offices, with no default or starving grandmas required. If we had functioning media, that is not in bed with the government, they would call them on threatening voters to protect cronies, but the media has been regime apologists since Obama allowed propaganda being used domestically, and sure there is, exactly what's happening.

 

[Whodatsaywhodat.]

With magaturds, the cruelty is the point. They didn't get their orange, senile, criminal bag of shit into a 2nd term of grift, because they lost. So they want the rest of the country to suffer. That is the inconvenient 'truth' magaturds conveniently avoid.

Maybe we could send Ukraine 16 trillion dollars . That will help us..

 

[Ame®icano]

Oblama had to deal with a giant loss of jobs, banks, and real estate.

No he hadn't. Just like very other socialist before him, he chose to deal with it and make it even worse, longer and painful than it should be.

 

[struth]

Not really since the whole idea is to tighten money supplies to help with inflation, someone is gonna bite the dust if they have been loose and wild with their funds.

inflation is a sign of a recession

 

[multivita-man]

They don't understand the economy. That is what is scary. They are putting a gun to the economy's head and cocking the trigger.

They don't. They think that any economic impact will be long enough to screw Biden but that it won't have catastrophic impacts.

I'm not even sure they're even thinking about that. The problem is that House districts are heavily gerrymandered, and their voters and fundraises want this shit, so there's a good chance it happens this time.

 

[struth]

They don't. They think that any economic impact will be long enough to screw Biden but that it won't have catastrophic impacts.

I'm not even sure they're even thinking about that. The problem is that House districts are heavily gerrymandered, and their voters and fundraises want this shit, so there's a good chance it happens this time.

haha the economy? the gop doesn’t have to do anything to harm the economy, xiden has done it all himself

heck they are trying to help if anything fix it, that’s why they passed a debt ceiling increase

 

[multivita-man]

haha the economy? the gop doesn’t have to do anything to harm the economy, xiden has done it all himself

heck they are trying to help if anything fix it, that’s why they passed a debt ceiling increase

Their debt ceiling proposal is a joke.

That said, I don't entirely disagree that the Dems will have to agree to some compromises, including some they won't like. But that should be worked out later. If the House GOP wants to use the current x-date as leverage to force Dems to pledge to a bipartisan agreement later in the year, I'm okay with that. In fact that might lead to a decrease in the debt/GDP ratio as past deals have done.

But if they're just using this to screw Biden's reelection, they're going to take a lot of us down with him.

 

[Lesh]

bank failures are certainly a sign of recession

Document that

 

[struth]

Document that

haha really? when the economy slows, banks like ever business start to fail

this isn’t a hard concept

 

[Lesh]

haha really? when the economy slows, banks like ever business start to fail

this isn’t a hard concept

Bank failures are NOT a measure of recession.

You’re an idiot

 

[struth]

Bank failures are NOT a measure of recession.

You’re an idiot

i said they are a sign of recession

can you it read? you idiot

how many banks failed in 2008 recession?

during the great depression?

geez man

 

[Lesh]

i said they are a sign of recession

can you it read? you idiot

how many banks failed in 2008 recession?

during the great depression?

geez man

Banks fail all the time. Are we always in recession?

And it was your idiot friend American that declared bank failures indicate that we are IN a recession.

You’re both idiots

 

[struth]

Banks fail all the time. Are we always in recession?

And it was your idiot friend American that declared bank failures indicate that we are IN a recession.

You’re both idiots

really? at this rate??? haha nope

geez you aren’t to bright

 

[Lesh]

really? at this rate??? haha nope

geez you aren’t to bright

So what is the accepted rate of bank failure that indicates we are in a recession?

A link would be good

 

[struth]

So what is the accepted rate of bank failure that indicates we are in a recession?

A link would be good

bank failures are a sign of recession. They aren’t the only sign

 

[JimH52]

What do you think "default" means?

US collects more than enough taxes (roughly twice) to cover our debt obligations. Government cannot chose between servicing debt and their pet projects, constitutionally, debt has priority.

Yellen threatening social security over debt ceiling increases is bullshit, and she got called on it. Yellen was right when she said that if debt ceiling is not raised "we'll have to default on something". Then she defined that "something" is social security" and national debt, you immediately believed in it, is it's truth. No, it isn't, because that's not on her to decide.

What Yellen said, is typical leftist game, scaring the shit out of seniors, because if you don't pay us, we'll starve your grandma. Nope, it doesn't work that way. Leftist government will bend heaven and earth, they will break every law, ignore every rule, to get what they want. One thing they cannot do is chose priority of what will get paid with the money they got. Yellen repeating default treats are fear campaign to get financial markets to panic. Believe it or not, her job is not to crash financial markets, which may be surprising given what she did to the banks, so if default threat is fake, Yellen's true message boils down to "grandma will get paid".

I don't expect you lefties to accept the reality, because you shown over and over you're not capable of recognizing what reality is. Biden's handlers put out a tweet saying that if debt ceiling is not raised, first thing they will cut are wildland firefighters, national park rangers, and workers who regulate water quality, signaling that they will make your life as panful as humanly possible. I'm wondering how did they miss to mention school lunches, but that might be due to twitter character limit. Now, back to reality you know nothing about...

Federal revenue so far this year was two and half times higher that Yellen's social security and debt payments. In fact it's been a full trillion more than all of the hostages... social security, debt interest payments, Medicare, veterans, school lunches, fireman, and water inspectors budgets together. In other words, the could cover all of the essentials with few trillions every year for defense and renaming post offices, with no default or starving grandmas required. If we had functioning media, that is not in bed with the government, they would call them on threatening voters to protect cronies, but the media has been regime apologists since Obama allowed propaganda being used domestically, and sure there is, exactly what's happening.

We have never defaulted on our debt. Hard to say what damage it will do. But you might get a Hint as Russia and China lick their lips at the thought. And I honestly believe many in MAGA are hoping for a default. I know Bannon wants to take down the nation.

 

[bigrebnc1775]

Default would be a self inflicted wound

A very BAD one

If it's strong it will survive in its own what are you frighten of? Oh that's right you know Jos agenda is a failure.

 

[Lesh]

If it's strong it will survive in its own what are you frighten of? Oh that's right you know Jos agenda is a failure.

So as always… Republicans think the economy can absorb the insanity they throw at it.

There are COSTS for you lunacy. Costs we need not pay

 

[bigrebnc1775]

So as always… Republicans think the economy can absorb the insanity they throw at it.

There are COSTS for you lunacy. Costs we need not pay

Oh insanity? That would be thinking Jos agenda was workable