Treasury Secretary Janet Yellen said that the deadline to extend the U.S. debt ceiling or face the country’s first default could be as early as June 1. NBC News’ Ryan Nobles has more details.
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Bumbling Biden stop spending!!! Biden created this mess raising minimum wages, Supply Chain Disaster, Sending Billions to Ukraine……. and then believing big business and the Rich was going to lose and not pass the cost down to consumers!!
Gop maga rich kids have to get their way
Leave Ukraine, lower borrowing rates from banks for civilians, lower price of education, a more educated population will slowly turn this around but the refusal of growth for a certain demographic of America will be its demise. Whilst other nations operate with Truth and Logic Americans operate with Emotions and Entitlements
Yellen is a Democrat Puppet…I do not Trust her…or her Buster Brown Haircut. 😉
Defund the govt….let them pay it from their bloated salaries!!
The fiat dollar might work except that it involves people.
the government has lied to the people for decades about this
We need a Constitutional Amendment establishing a well regulated budget, and the adoption of the gold standard to ensure a well supply and demand of money.
Of course, everyone in America needs to assume part of the National Debt…..
Americans, stop acting like Simpsons for God's sake….
Duh
The long term problem with this and keynesian theory is if people start to spend heavily on winning elections in order to control the stimulus and if the stimulus keeps growing. That's a serious economic problem because then the majority of the money will end up wasted on marketing and crap like twitter being worth 40 billion. That's a serious problem with the democratic party. It's as bad as military crap with republicans. It causes people to spend money kissing butts and trying to look pretty for votes. It creates a lutheran vs catholic type situation with the federal government.
It's an error in the keynesian theory. You only get demand for votes. It screws up the government because we are not a democracy. We don't pledge allegiance to the flack the democracy for which it stands. It's republic. it effects the weight of voting. An example is with global warming crap. People drive electric cars and have solar panels on their house for narcissistic reasons and not to save the environment. Not having a car in the first place like dutch on bikes saves more energy but you don't want to look poor. But you save more money and more carbon without a car on a bike. The government doesn't like it because it doesn't create the debt they want to steal from and isn't as political, and parasitic tax driven.
It is not might shut down, it will. That's the plan . I made an error in a previous comment, when the government shuts down America can go back to life pre 9/11, that was the error we have to go back to pre 1999 when Congress and Wall Street executives repealed Glass Segal , that was kick start then the shard then 911 you know the rest the last twenty-plus years we've been living in oppression tyranny and genocide not by any government or another Nation but corporations CEOs managers and supervisors who are ordinary citizens with no authority.
As for the government shutting down the consequences intended or not will not fall on we the people but tax dollar dependents and the political parties. Congress and Wall Street executives and their followers are Guantanamo bound. We the people and small business are given a once in a lifetime opportunity to have everyone live at the same standard at least, we will never be equal because we're individuals in our own right we all have the right to live in climate-controlled environment dad is safe and clean, a stove refrigerator microwave dishwasher washer and dryer are not conveniences but necessities to live an independent life, we'll take this once-in-a-lifetime opportunity to upgrade small businesses so they can be successful and profitable we don't have to reinvent our infrastructure we just have to maintain it upgraded and make it cost effective being we are not the political parties we can get this done real quick not 10 years. The voters will have no right to say anything cuz they said they could do that and and confirmed it by voting them back in the office for 20 years
Ive got a crazy idea. From here on out we live within our means and dont add any new debt. Come on congress yall can do it. Just hire Dave Ramsey as treasury secretary.
Zelenski can help you. He has your money
For many years, I have felt like the system is rigged for the rich and powerful. Inequality, taxes, Healthcare, Greed will have a negative cycle to it citizens for many years to come. Who is to blame? I guess it is the individual person at the top who governs their own state doing a poor job or rigging the system for their own greed. All of these things had a domino effect on the citizens. The top takes more and more without consequences it will be Kaos to the system.
The goal of Russia is the elimination of US hegemony, the discrimination of NATO as a defensive alliance. Ukraine is just a tool. Russia is successfully achieving its goals.
So the biggest take away from this, confirmed by Yellen, is that the Biden administration is spending money faster than they can keep track of..
How about asking The Ukraine to send back the $115 billion we’ve given them and start pay cuts for Congress and the Senate
we have crypto currency we dont need the dollar…
It's no wonder we are in such debt, with Biden in the WH!
Its always the Democrats with the highest in spending. Largest Democratic presidential spenders include Obama 74% increase, FDR 1048% increase, Wilson 723% increase, Carter 42% increase, and Clinton 32%. The largest Republican presidential spenders include G.W.Bush 101% increase, Reagan 186% increase, Trump 32% increase, Nixon 34% increase, and George H.W. Bush 54% increase. There is this thing called budget cuts that can reduce the growing inflation and decrease the debt we put ourselves into. Biden doesn't seem to care for the American people though.
When u baby control ur spending what do u expect
How did the treasury not know this sooner? Everyone knew the stock market was down last year and capital gains taxes would be much lower than normal
Like there not going to pass something, their paychecks come out of it😅
talk about chaos and panic
Stop giving away things for free once politician is ruled out of office they lose their free benefits just like someone who loses their job would have And also start having people pay for their ambulances their medication especially if they're on government subsidies well it's $5 $2 just have them pay something affordable
Go woke go broke
So, Congress and the country have less time than they thought, it is simple, raise the debt ceiling like every other Congress has done before or create something the world economy has never seen before, and to think, we elect these people, I for one can’t wait for the upcoming elections
USA is going into a recession – another data point among dozens illustrating the economic ineptitude of America's worst-ever president.
How bout start at that 1.2 trillion infrastructure bill that was going straight to the pockets before it hit the roads and bridges?
The fat cats will try and sweat the public. Old strategy. Fail some banks. Default on the US debt. Why? Because they didn't get their way. Very childish. Hey, fatcats, we don't care. Go ahead. It will only make more votes for Biden 2024.
you would think this topic would be more urgent – Biden talks maga repubs, we should all be concerned now. there will be a rate hike Wednesday – will there be a downgrade? wait for it
God always wins. Prasie Jesus Christ. We have Jesus blood coverdent. He died for our freedoms … Prasie Jesus Christ amen.
They need to put down Hunter's crack pipe and start paying attention to what they're doing. These are ivy league people, valedictorians, Harvard grads, so on and so forth and they're that stupid? Congress & DC folk must of cheated their way through life with their collective 20 IQ points.
Simply removing it permanently we can just keep printing dollars as much as we can. No political shows on debt ceiling! We can have all the debts all the way to the roof no more ceiling 😂!!!
The collapse has begun 😂😂😂😂
It’s shocking to acknowledge the FACT that the most powerful country on earth runs on a credit card! I got one, pay the total way before due date, what’s hard to understand?? 😅
The US Government to pay their bills? Really. All does people working for the government have nice cars, big houses and there kids in private schools. Maybe we should cut they pay first.
Sooner than who expected? Why is she surprised. Geeez! Many of us have or are about to hit our dept ceiling but we've all been expecting it. These people!
So when will the US make more than it spends?