Former Reagan economic adviser Art Laffer discusses the debt ceiling debate as Congress attempts to avert a government shutdown.
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I'm done sitting tight for the award advance since i acquire $23,000 every 12 days of my investment..
We would have never reached such a high ceiling if USD was still backed by the gold standard. Fiat currency 💴 🗑️ keeps printing with no accountability.
Trump had china finally pay us..Biden turn that around now americans pay china shame on him
Have the democrats figure it out, how to work it out with limited money so hard for the democrats to work, you will find out without money democrats are toast they don't know how to do things and you know democrats don't have any common sense
Instead of giving money to Ukraine and having troops on the Korean border pay the bills.
A discussion of the debt ceiling that doesn’t include a discussion of the ‘Laffer curve’ is not a discussion at all. Are you with me, Varney?😂😂😂
I’m more concerned about the BRICS alignment and the Saudis joining in … Yuan replaces Petro Dollar
I really don't care it's Biden fault ,not mine or the people , let it go , let it shut down ,
How do you Biden Supports like things now? My goodness we Never had any of this under President Trump. Hopefully what is taking place now will wake some people up. Biden is a Failure and it is showing!
Laffer got us out of the mess the DEms created in 1970;s why wouldn't we listen to him now?? It just makes sense, those who don't learn from history, are doooooomed to repeat it! Wake up America
GOP tax cuts for the wealthy have never boosted the US economy. Between 1953 and the present, 10 of 11 recessions began under Republican presidents.
MAGA Republicans are talking about the $1.7 trillion that President Biden added to the national debt. L0L, L0L, L0L…….These very same MAGA Republicans said NOTHING when under Donald Trump, the U.S. national debt rose by $7.8 trillion. Yes,……NEARLY EIGHT TRILLION DOLLARS!!!! That is the THIRD HIGHEST IN AMERICAN HISTORY! And MAGA Republicans said NOTHING ABOUT SPENDING CUTS BACK THEN!……Listen to them now L0L, L0L, L0L, L0L.
Please let America default and turn China into the global superpower of the 21st Century!
Let the Democrats scream…they need it.
If their was a Republican president we wouldn't be talking about a debt ceiling. They don't care about the little people. All they care about is getting their grubby hands on the pot and make the poor poorer. Dont drink the koolaid!!!!
Don't give in cancel that one whatever that 177 trillion-dollar
Laffer is original architect of massive deficits and increase in debt.
Government shutdown is a good thing for American.
I hope they default on the debt they’re just a bunch of crooks stealing money you can’t just keep giving them more
They can learn to get by with no money, like the rest of America. Stop spending money on stupid things.
I wonder if the government shuts down do the House of Representatives get a paycheck? Or do they suffer the same way we do with no money to pay our bills.
Yes, art, why don't the republicans set an example and cut out all of their pork projects in their districts to balance the budget
Do not take away our social security and Medicare, start Taxing the RICH. Let them pay their fair share.
They ail earn their sinful food into the mouth and of have to spit out words in return
This guy is so ignorant. The stock market will tank as it did in 2011.
Just a scam of capitalist sistern They need to put good food on the table
Cut the discretionary budget and cut fbi, cia, doj, and others. America down not need this much law enforcement. This will help the terrible debt and deficits we have accrued.
Paul Revere rides out on his horse. “The collapse is coming, the collapse is coming!!!”
I'm done sitting tight for the award advance since i acquire $23,000 every 12 days of my investment
The 14th Amendment says:
The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.
tl;dr Congress needs to raise the debt limit. Refusing to is unconstitutional.
STOP ALL THE WASTE AND THE PROBLEM IS SOLVED! EAT WISER AND BETTER AND SAVE MEDICAL! GETTING A JOB HELPS WITH MONEY PROBLEMS! LEARN MINIMALISM IF YOU DON'T HAVE MONEY! STOP MILITARY AND GOV'T WASTE… WASTE IN EVERY GOV'T DEPARTMENT.
I agree, not a mention of spending cutbacks at all, get some trillions from last months bill
There's nothing to "negotiate" here. This money has already been spent but the GOP is pretending that it's possible to not honor those obligations. They are making a routine vote into a hostage situation.
31 trillion in debt is good ? Actually,how high,is enough? Maybe republicans should pass another omnibus ? Thanks Tom cotton,and the rest.we should consider not being asinine.
They arn't scare tactics as this is playing with Americans' financial lives here. Get rid of this stupid ridiculous policy as it benefits no one. We will never have a balanced budget anyway.
So why risk financial Armageddon just so some politicians get their earmarks here. Fiscal responsibility & less government spending is what we need.
However not at the expense of a depression. As this time, there will be no reset button. R.I.P. America 1776-2023 🇺🇸
I don’t know Art, Fox floods the airwaves with fear mongering and scare tactics to such an extent that undoing that conditioned response in their viewers might turn out to be pretty hard things to do with just a few words from you.
Agreed. It's just another scam.
So, keep on doing nothing because that's all we can do anyway? Got it.
It is time for flat tax and no borrowing money! We need to treat our government like a teenager with an allowance.
Almost nice to be at max limits 2 years in
cant wait to see these guys faces when the real limit comes and that freedom caucus has these now calm gentlemen on their knees pleading. yep, definitely, the sky is not falling. even tho we see the sky falling, its just not here yet. no need to panic just go about your lives.
How can you look at that English scumbag and believe a word he says. You people are beyond stupid
Cutting spending sure I can agree with that but touching Medicare and Social Security is pretty much off the table among all the voting groups and to crush our $31 trillion debt issue you need to raise taxes on the rich and corporations, Washington DC need to stop relying on middle class people like us
Trickle down mythology.
Ummm. Stupid question, but hasn't it been raised twice in the last two years?
Yep… "The debt limit was increased – not suspended – twice in 2021, mostly recently in a December 2021 bill that formally increased the limit to $31.381 trillion".
Thanks, "Google"…
PLEASE! Shut down the government! No more! I say we reduce the debt ceiling!!!!!!!!!!!!!!!!!!!!! Start cutting government branches now!
Reminds me of Jim Cramer laughing off the imminent Lehman moment.
Trump would get a kick out of that Jerry. The whole mindset of scrapping our
Constitution is a loser. But hey, Redhats in both chambers have < 2 years to go.
The climate change is not only twisters and hurricanes it is the mindset of the
majority of American voters that want nothing from the Redhats. Is Biden the
best ? No. But he won't cheat taxes and cheat at his re-election and cheat on Jill.
Democrats always try to spread fear about the debt ceiling. The GOP must stand firm and STOP Dummy Joe from additional spending.
Hay can u raise my dept ceiling,say another 20 billion please,ok we will just print up more money.