ABC News’ Senior Congressional Correspondent Rachel Scott and ABC News’ Jay O’Brien on any signs of progress toward a deal as lawmakers head home for the holiday weekend. WATCH the live stream of ABC News here: https://www.youtube.com/watch?v=w_Ma8oQLmSM SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP Watch 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 #lawmakers #congress #whitehouse #mccarthy #biden #abcnews #abcnlupdate
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Social Security Benefits passed. I don't get food stamps, am tiny and my paycheck is still held up.
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Stolen selections have catastrophic consequences…
I'm so tired of this game. The whole thing is a big lie. It's just a way to make it look like the Dems are working for us. The GOP never has these problems.
The Republicans need to stand strong and demand cuts in the budget even if it means a default, Irresponsible Joe Biden and the crooked Democrat Party is going to continue to spending like drunken lunatics until they are put in check, we need to stop sending money to places like Ukraine, Middle Eastern Countries and every other Country until the 32 Trillion Dollar Debt is paid for and in the case of a default the first programs that need to stop are the ones inwhich nobody paid into like welfare, snap, obamacare and ever other government subsidized program out there, stop giving trillions of dollars to people who are just too lazy to work.
Plz Default. Plz do.
The debt ceiling crisis is just fake drama by politicians, who want to be on the TV news! As usual, they will reach an agreement at the last minute, and called themselves heroes.
Joe Biden is so mentally disturbed, he could throw his own Surprise Party and really be surprised.
The Republican message is clear. To hell with the American economy, and to hell with the American people. 👎🖤
A LACK OF " MORAL " COURAGE TO STEP ASIDE FROM THE BEATEN TRACK OF THE WORLD LEADS MANY TO FOLLOW IN THEIR STEPS OF LEARNED MEN , AND BY THEIR RELUCTANCE TO INVESTIGATE FOR THEMSELVES , THEY ARE BECOMING " HOPELESSLY " FASTENED IN THE CHAINS OF ERROR . . .
Old Joe will play the 14th Amendment card and rightfully so.
These politicians do nothing but create fear and anxiety while juggling the lives of the people in the palm of their hands. They're all worthless!!!
I propose the idea of making one of the largest night clubs in the world in Russia in Moscow with the name of a – SARKOФAG – for at least 100,000 people – all Europeans and Asians will come there……
No one should want to add to the debt!!! Federal government revenue in the first half of this fiscal year is 36% higher than 4 years ago. That is 1/2 TRILLION$ more. Yellen, Biden, and Democrats might "meltdown" but there is enough money. The spending problem? During the first half of this fiscal year . . . 1.1 TRILLION of unfunded spending and new DEBT added to the American people's lap. The outcome? Inflation and another 44 billion required in interest payments. THE DEMOCRATS ARE RUINING THE COUNTRY. McCarthy et al should agree to nothing until the budget is balanced at the current revenue levels; and that is being very generous.
If there is a default, that is the Democrats CHOICE. Key 2023 annual expenditures: 1.3 T$ for SSA, 1.5 T$ for M/M, less than 0.5 T$ for debt interest. For 5 T$ of annual federal revenue (up more than 50% since 2016) there is enough money for what is needed. The Democrats are evil, the Republicans are inept. The country is doomed, doomed I say!
Current federal annual spending on debt interest is, let's call if 0.5 TRILLION$. Once all the current debt rolls over, the interest payment on, let's say this happens by the end of FY2024 (by which time Biden will have added 8 TRILLION$ total to the debt) and the total debt is 36 TRILLION$ will be ~1.44 TRILLION$ (at 4%). This will be more than the current spend on Social Security and almost as much as on M/M. But what it will do is financially ruin the country. Biden's plan is to do just this. ANYONE who votes to spend more than they have deserves to be put in debtors prison. In this case they won’t be able to pay it back, so they can all die in there.
IMAGINE HOW STRONG OUR COUNTRY WOULD BE IF CONGRESS SPENT THEIR DAYS WORKING FOR THE PEOPLE WHO ELECTED THEM INSTEAD OF THE PEOPLE WHO BUY THEM.
Of course Janet Yellen lied about the deadline for default
Shots wad two stroke no very very frightening
Apparently the Republicans don't care about the Veterans that fought for our freedom.