In a letter to Congress, Treasury Secretary Yellen said the U.S. could hit its debt limit by January 19th and warned Speaker McCarthy that the Treasury will have to take “extraordinary measures” to avoid a default. NBC’s Jake Ward is joined by a member of the White House Council of Economic Advisors to break down the significance of the debt ceiling and how it could affect average Americans.
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Political theater 🎭 🎪 buy BTC
NO PROBLEM. JUSTSEND ANOTHER 400 BILLION TO UKRAINE AND THEN START ANOTHER WAR – TAIWAN, AND ALL YOUR WOES ARE SOLVED
There is no problem – they just need to agree to increase their debt ceiling as their CAN print more $$$$$$-this is as long as the world need to trade in USD–note that they have increased their debt ceiling 80 times
If you can’t pay your military because you’ve reached your debt ceiling and you have no cash, that is dangerous. This guy is talking out of his butt hole.
Buy a new printer off china🥢😂
How can debt be highly respected. We crazy
It means you need to stop printing money & Audit the Federal Reserve to see what happened to all America's Money
Then why did congress approved the extra trillion spending knowing that the credit card is about to reach its limit.
Meanwhile…..in Ukraine…..lmao
PAGAN EL 10% POR MANDAR DINERO AL EXTRANGERO EL I R S DEBE PEDIR EL SOCIAL SECURITY DE DONDE ESE DINERO GOLPE TREMENDO AL NARCOTRAFICO
The President and Congress should STOP Giving TRILLION$$$ Of Americans Tax Payers Dollars to Ukraine and Illegal immigrants that is illegally crossing the Border. That is NOT Stimulating The Economy in The United States.
This guy is irresponsible… if you don’t have the money to fulfill your over promising you can’t just manifest money into being. Average people can’t do it and neither should they. If I spend more than my income its my fault. If I overspend when I have obligations to feed my family and my kids or pay for the car or the mortgage it’s my fault and I can’t just print money to fix those problems…
It's all fake money. Need to put a leash on government spending. Keep printing and watch and pray that you will be counted worthy to escape the great tribulation created by lucerferian agenda. Read the Bible and watch and pray, Jesus said
When America declares bankruptcy (very near now), it will be a national emergency, then FEMA ( The federal emergency management agency) will take over, and all constitutional rights and all laws that previously existed will be suspended. FEMA has built large concentration camps where anyone who causes problems for the new regime will be put. Even governors could be placed there. If you don't think this is real, then you are living in a dream world.
To much free money
He's gaslighting the American people.
There is no such thing as a respectful debt
The government can just impose new taxes or increase current ones. Americans and taxpayers in general needs to pay more.
When congress borrows money “on the credit of the United States,” Congress creates a binding obligation to pay the debt as stipulated and cannot thereafter vary the terms of its agreement
No where in the US Constitution gives Congress the right to borrow MORE money.
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States; ArtI.S8.C1.1 Taxing Power.
All I can say is thank GOD 🙏 I WAS BORN AN EARLY MILLENNIAL TO A CONSERVATIVE FAMILY! All y’all other “woke” movement Democrat millennials and gen Z folks popping out kids, staying on food stamps and BORROWING money that’s not yours through credit cards and college loans to live BEYOND your means instead of sacrificing even a little bit instead of being selfish. How many more years must the middle class support the weight of lazy losers, until the poor can no longer borrow any more coin? Capitalism was never corrupt, it was to built and MAINTAIN a BACKBONE in the spines of the younger generations to have the BALLS to go out, learn a trade or education, and f**** WORK!!!
If the US Treasury market dries up, it may signal a Hindenburg moment that spills over into derivatives and the financial system. Bank of America warned rising illiquidity in the $14.8 trillion U.S. Treasuries market could spill over into other financial markets. More on this development and why it is important in the article below.
Yelled was paid a million dollar to be bidens corupt lying trash and cover bidens bank records of taking foreign money and help him keep stealing tax dollars and blame it on the republicans.
Worst biased demonic News you can ever watch. 👎 liars!! Picking things out of context to frame it and feed it to their viewers.
I Hope GOPs save the country from the atrocities.
Bernstein's moronic answer to "Does our debt make us weak?" says it all about reckless Dems. "Not at all." If so, why did Yellen write Congress a letter predicting a financial crisis, why is Bernstein on NBC and why is US debt over $30T dollars and 123% debt-to-GDP? A good answer to Speaker McCarthy would be debt-to-GDP, under Trump, was 129%.
Congress needs a raise
CONs increased 3 times under Rump without 'strings'
Change the meaning of debt and debt becomes good . Dont worry because you won't be paying the majority of the amount ……….your children and their children will.
The government works backwards. They just approved 1.7 trillion knowing they didnt have enough credit to do so and now they are begging for an increase??? Thats like a person buying an expensive TV before their paycheck hits their bank account.
Not going lie I partially agree with Speaker frfr