Treasury Secretary Janet Yellen joins Chuck Todd to discuss the “extraordinary measures” the U.S. would have to take if the debt ceiling goes unraised, the 14th amendment and the status of negotiations.
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#JanetYellen #Debt #Economy
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Senate cant pass ANYTHING PERIOD
Her demeanor is stoic but what she's saying is terrifying.
She knows what is going to happen and she's dancing around Chucks question!
Congressman Norman will find out on June 1st. And he will immediately see the catastrophe that he has helped create! Congressman Norman is an imbecile who will have to learn the hard way! And the people he supposedly serves will just love him with the suffering he's about to cause them! His term will be his last term in Congress before they retire him permanently!
“We’re all concerned with deficit spending.” Right
Default!!
Bite the bullet and stop spending!
😂😂😂
God she grosses me out. It's such a fraud and a lier.
And that is another old person that needs too get it out and make room for new people. Somebody who wants too bring the National Dept down because they have so many decades too live yet. It appears like these old people don't care because they're life will soon be over. What would happen if the US Government did not pay the Interest and fees on these loans that is the National Dept? Like so many private Americans who can not pay their bills.
I want you American's to listen to what I'm about to say. The only reason the Dollar is the reserve currency of the world is because the United States has been able to pay its obligations on time. This will be the first time that the U.S cannot raise the debt ceiling. Nixon is the one to blame, money or the dollar is supposed to be good as gold. But since the Nixon shock, The US have been printing money from thin air. What does that mean? it means you are broke. The dollar has no value. Buy whatever you can right now. Buy gold, Buy bitcoin. Buy Real-estate. Buy anything. your money is going to be worthless. I'm telling you.. The worst is yet to come.
Take from the rich and give to the poor. The rich have exploited American labor for too long
Any cuts at all is totally unacceptable! 14th amendment NOW! Take peoples disability checks and they will have no choice but to hunt wealthy Republicans
F Chucky and Yellen
Instead of irresponsibility telling Congress to raise the debt ceiling why doesn’t the treasury do the responsible thing and tell Congress “you planned to spend more than you get, you need to cut spending asap”? If you’ve been entrusted with the treasury why aren’t you making responsible recommendations every year instead of trying to scare Congress into getting more in debt?
🎉I'll bet Washington gets paid first the Bidens will get paid right
Keep the people ignorant and dumb and you can get away with everything. Are the american people aware that all money spend abroad, such as wars for the elite is actually payed by…*drum whirl* YOU ordinary taxpayer. You pay for them to fill their pockets =) What a wonderful system hahaha
Politicians are all invested in the stock market.
The stock market will crash if there's a default.
Then there's all the billionaires who only became billionaires through the stock market so it's guaranteed there will be no default.
There will be most likely vast cuts in social programs like Medicare and Medicaid and food supplement programs because the wealthy do not need these programs.
Countdown is ticking: 9 days to go.. 2011 they raised it 72h before and that was enough to trigger a financial crisis… so it’s only 6 days left to hit a catastrophe …
How about this? Remove provisions in the Tax Cuts and Jobs Act that benefit those making well above the median threshold for income in our country, cut military waste, cut Social Security and Medicare payments away from those who are already at the safe retirement threshold in their retirement accounts (which AARP cites as $1 million), wealth tax on politicians, cut politicians’ salaries, completely remove the income cap on the Social Security and Medicare tax (not just $400K as President Biden explains) to help more of the poorest seniors out there be able to have more than just $1,200 a month, put community service requirements on the bankers and mortgage companies we bailed out during 2008 and 2020 (that could save some federal dollars), take away subsidies to farmers who don’t need these subsidies to make ends meet (wheat and corn in particular have huge lobbying in this effort), and privatize air traffic control (Great Britain and Canada have done it with great success).
You could cut a lot of waste without having to cut necessary discretionary spending or forcing work requirements (or else we take away your apple or healthcare according to the GOP).
The US will go bankrupt eventually. Democrats are spending like crazy.
Investing in crypto now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today
Get used to Default you brought it on yourself once again.
A country that collects nearly $6 TRILLION yearly from its citizens via income and sales tax revenue is broke…. Something is terribly wrong here kids.
Leave it to the GOP to push the whole world into a financial crisis by refusing to raise the U.S. debt ceiling, just deny deny deny everything!!!! Of course their criminal king 45's own organization was proven to have committed tax fraud in 17 charges, where the company was found GUILTY!!!!