America borrows $51,000 per second.
There is still over $300,000,000,000 in CoVID relief funds that haven’t been spent. Some of it is earmarked for upcoming programs, but the GOP wants to claw back 10% and the Dems are screaming bloody murder.
In 9 yrs Social Security will be cut by 25% because we simply won’t be able to afford it since generation X will be starting to retire.
We won’t be defaulting on our debt because that means we’re not making interest payments and that’s not going to happen. However, parks will be shut down, etc., because we won’t be paying for discretionary items if the Senate refuses to vote on the bill.
The House has passed the debt ceiling bill and now it’s just sitting in the Senate. He said Schumer is refusing to take it up until Joke gives him permission. So when they try to blame this on the GOP, it’s an outright lie.
Lastly, the date America is supposed to “default” has gone from June 1st until June 5th, which is another lie. Quarterly tax payments are due June 15th and that money will easily fund the budget for another 30 days. Yellen and all of DC knows this, but that will take away the sense of urgency of the issue for the Dems, which means they’re milking this purely for a political stunt.
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McCarthy held all the cards - and he caved anyway!
What Fools!
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Trump solved the problem by creating a booming, expanding US economy,......which Biden and his commie running dogs promptly destroyed.
We put Trump back in, and the Gen X problem will be solved.