News & General Discussion -  U.S. hits debt ceiling (185 views) Notify me whenever anyone posts in this discussion.Subscribe
From: Marci (marcinmin) DelphiPlus Member Icon Posted by hostJan-19 10:14 AM 
To: All  (1 of 6) 

Wash Post:

The Biden administration began implementing “extraordinary measures” Thursday to prevent the federal government from breaching its debt limit and hurtling toward default, a grim scenario with the potential to destabilize markets and devastate the economy.

Treasury Secretary Janet L. Yellen told lawmakers that officials will alter certain federal investments to preserve the nation’s credit until summer — largely through technical moves that will buy lawmakers time to reach an agreement on how much the government is allowed to borrow.

Treasury’s moves should give lawmakers time to pass legislation that raises the amount the country can borrow, or suspends that limit, which is currently capped at $31.4 trillion, Yellen wrote to House Speaker Kevin McCarthy (R-Calif.) on Thursday. But she said there’s “considerable uncertainty” about how much room the measures will provide.

“I respectfully urge Congress to act promptly to protect the full faith and credit of the United States,” Yellen wrote.

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From: ponyiiJan-19 10:34 AM 
To: Marci (marcinmin) DelphiPlus Member Icon  (2 of 6) 
 130063.2 in reply to 130063.1 

We can't be concerned with all that when there are the contents of Hunter Biden's laptop to investigate.



From: Marci (marcinmin) DelphiPlus Member Icon Posted by hostJan-19 10:47 AM 
To: ponyii  (3 of 6) 
 130063.3 in reply to 130063.2 

and transgender people, pronouns and all sorts of 'woke' that must be destroyed

Click Below for my Forums:


From: miltonebxJan-19 10:51 PM 
To: Marci (marcinmin) DelphiPlus Member Icon  (4 of 6) 
 130063.4 in reply to 130063.1 

Since 1960 we have hit the debt ceiling 78 times. 49 times under Republican majority and 29 times under Democratic majority. Oh hum.



From: ponyiiJan-20 10:23 AM 
To: miltonebx  (5 of 6) 
 130063.5 in reply to 130063.4 

Exactly. The Democrats need to hammer that fact home and dispel the whole "conservative fiscal responsibility" farce.


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From: miltonebxJan-20 10:44 AM 
To: ponyii  (6 of 6) 
 130063.6 in reply to 130063.5 

People forget the past. The emotion is gone. This is why 1/6 continues to be publicized and there is a continuous investigation. Voting is based on "current events" and this has been proven again in the last election.



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