ABC News’ Elizabeth Schulze spoke with IMF Managing Director Kristalina Georgieva, who has called for removing the US debt ceiling, saying it is a “man-made problem” that threatens the global economy. ABC News Live Prime, Monday through Friday at 7EST and 9EST WATCH ABC News live here: https://www.youtube.com/watch?v=w_Ma8oQLmSM SUBSCRIBE to ABC NEWS: https://bit. ly/2vZb6yP See more at http://abcnews.go.com/ LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews FOLLOW ABC News on TWITTER: https://twitter.com/abc #DebtCeiling #Default #KristalinaGeorgieva #ABCNLPrimar
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IMF and other western elite scandalous incompetent clowns want to destroy us. One day people will wake up and realize these western elites hate our guts and want to see us annihilated.
Stop sending American taxpayer money overseas, F * IMF its a money laundering scheme
ELIMINATE "IMF".
So an International Communist, Kristalina Georgieva, declares the United States should have no limit placed on it's national debt!
Madness! Without debt ceiling, inflation will be crazy because federal reserve is buying and already biggest owner of US bonds. Federal issues bonds and print the money to buy bonds…
I concur…It needs to happen sooner rather than later. The US and only a couple other countries have this, but they get it resolved quickly, unlike the US dragging their heels on something that didn't even need to happen. A manmade fiasco.
Does the IMF chief even have any scholastic credential?
Well, that means we'll hit 50 trillion by Christmas and collapse by Valentine's Day 2024.
Who is this moron in the clown show? almost as stupid as Hakeem Jeffries
When you print your own money and still can’t pay your bills. Smh.
So let me get this correct!??? United States should print unlimited money so other countries can benefit from us? 🤔
Maybe we can stop funding other countries even though it's only a 1% or 2% of our budget.
Our defense budget is the reason countries like China and Russia haven't invaded us or other countries. Oh wait! Ukraine. That's the fault of lack of leadership at the world stage!!!! Just facts folks!
A weak or useless dollar will also crumble everyone's economy.
If there is no scarce commodity then it's good as sand at the beach.🙄
Brilliant. On point.
then the $ has zero value if money or debt isnt real
Biden wants Americans to work harder so he can raise taxes so all his new voters coming to America will live well. If your a good little American he may even give you a tent😂😂😂😂😂😂😂
US all set to default
FU/ Mind your own business. It's the one lever that allows any sanity in this nation.
Debt ceiling is to control The US gov be responsible with our blood money. If you keep printing money with no consequences, everyone doesn't need to work.
Nope. It’s time to cut military spending.
And the LAST people to listen to is the crooks at the IMF.
She said "This a man-made problem" and "maybe we should call on women to fix this." This is a failure in her understanding of a lot of things. Age, race, sex, etc should not be a factor which she is clearly trying to identify. The debt ceiling issue….is caused by "men" is what she thinks. Get this fool out of here ..
I believe it's important to consider the debt ceiling periodically, but I totally agree it's very important to remove the threat of default on our debt, cuts to mandatory spending, and haircuts to lawful legislation. All of which are unlawful acts. The President has constitutional responsibility to "take care" of the law. We cannot force our President to act unlawfully in the event congress cannot agree on spending levels or appropriations.
We could pass the Responsible Budgeting Act or similar legislation which causes spending to automatically snap to a level of, say, the past year. It can include a sufficient ceiling for a debt limit increase in the event an agreement on the debt ceiling cannot be reached. They remain in effect until such time the budget and appropriations talks settle the revenue, borrowing, and spending conflicts by a majority vote of congress.
The minor spending cuts normally achieved during debt ceiling negotiations are minor compared to the damage the X date causes in the US and global economy even before actual default. The US will never default on interest payments or maturing debt per the 14th amendment, but it may have to haircut lawful legislation without the unconstitutional line item veto. Default sends us into uncharted and unconstitutional waters.
Do you know how many countries have deposited national gold bullion in the US. bank after World War II? And now the US. is in crisis that the Fed. can no longer print credit money. I'm wondering if there are any gold bars left in the vault.🙂
China doesn't want the US to default.
Who do you think loaned the money to the US?
No country on Earth feels safe continuing to base their currencies solely on the US dollar.
IMF: We don’t want a default because we’re funded by the U.S. Government. /s
If IMF pays off our debt, we will eliminate debt ceiling.
Yeah, so the US can turn it's currency into toilet paper. I guess toilet paper is a bad example since it actually has value.
Default, fck em. Biden's my way or the highway is unexcusable.
Kristalina Georgieva is a cold soup person. Did you see her hand movements, some ugly country must have influenced her in some way.
Pay the Bills. How many times have you heard anyone say the government does too much for them, that their Social Security check was too high or that Police and Teachers are paid too much? Debt is money spent.
Excuse are better then ever but again remember who bought y'all republicans party house speaker in office yeah dearly it can snap of a fingers of the United States of America we the people dearly so much snap of finger
EU Modern Monetary theory managers want unlimited power. Debt needs to be approved by elected officials not appointed elitist Kings and Queens
Andrew, the news host, is so handsome 🤩😅 I can watch him all day 🙈
Republicans will regret this come election day.
nope. It's in place for a reason. Been there since 1917….for good reason. Lady Spendcrazy just wants freedom to fund endless wars without any impediments. No thanks lady….
Doesn't matter if they raise it or not. We're going broke from War 🪖 anyway
They are doing this on purpose. Other countries are tryjng to devalue the US dollar so the US is doing it before everyone else to screw everyone. There are already plans for the US government to introduce its own cryptocoin so the politicians aren't worried about losing anything. This is a coordinated attack by both dems and reps to screw Russia, China, and they are screwing every American that isnt filthy rich as well.
Joe Biden is so mentally disturbed, he could throw his own Surprise Party and actually be surprised.
Why doesn't anyone talk about our country getting out of debt???!!!
No roof no cash
I love Bidens Socialism.
Ya