Posted on 04/26/2023 11:23:14 AM PDT by millenial4freedom
“A government debt default would be catastrophic for the US economy, sparking mass unemployment, payment failures, and interest rates rising “into perpetuity,””
What does unlimited debt increases do?
And by the way, neat trick. Not getting an increase in your credit card limit is “debt default”?
There are economic problems brewing & percolating throughout the international economic system.
Yellen is trying to get ahead of the curve, while looking for a political scapegoat.
It won’t matter, economic pain is coming regardless of the hot air espoused by Yellen.
Well then, Biden should get whoever is running things to sit down and negotiate.
Do you want to reward those that never built a damn thing or those that do? The vast majority of people working for government do not work for the American people. These selfish pieces of chit work for themselves. They are the deep state. They never built a damn thing. They are leaches that get in the way of the productive. They are the real enemy of America.
Cutting spending and shuttering will solve the nation’s financial problems, increase freedom, decrease tyranny and force government scum bags to work in the private sector and actually contribute to society, even if that means they have to learn to say, "Do you want fries with that?"
just keep spending flat
Exactly, and it doesn’t work. Neither does Keynesian economics. The two are tied at the hip.
We’re never going to acknowledge reality on my watch!
If all that is true, then the Cadaver in Chief needs to sign the damn bill they send him.
SHe’s full of crap
There will be no default.
I guess then the dems need to make concessions .....
Oh good grief.
Re: 9 - LOL! Those are not defaults.
This is why you need to own an AR-15, a postal, and shotgun. Our society is fragile and this will tear it apart.
SHUX!
All we have ty do is renig on the Chinese owned debt and confiscate ALL Chinese owned property in the US, and we’d be just fine!
Oh, and quit deficit spending — you know, “live within our means?”
I say, Republicans should let it fly and let the Democrats spend as much as they want. Congress Republicans should leave Washington and go home to their districts.
There’s no recession, people have plenty of money to spend and there’s not enough hurt out there for people to change their minds about the government giveaways. Republicans will be blamed again and nothing will change. As a long time Freeper, I’m ready for whatever comes. We’ve had years to prepare for the worst. Anyone who complains, gets a repy from me. I say bring it on.
” debt default will likely result in the government failing to make key military and social security payments...”
But will still make payments to the welfare leaches. Nothing to see here folks, move along.
Default now, default later.
It does not matter one whit.
The US will never, ever repay its’ debt.
Me too.
We're in luck! Such a system is waiting in the wings for this collapse.
NESARA/GESARA meets BRICS+++++...
The banksters that stole $31T/$200+T by debt creation can go pound sand.
Two words: Continuing resolution.
We've ONLY paid interest on it since the beginning, not a plug nickel ever paid in principal.... and never will, as you plainly state.
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