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Treasury secretary warns ‘extraordinary measures’ needed to keep US from defaulting on debt as soon as next week

All I know is what McCarthy said. Your coveted goon squad with AK47s is not going through now.

Which is bullshit... The IRS cuts are NEVER GOING TO PASS the senate or be signed by Biden... You bought the bullshit..
 
How is it that they said they are shutting down the 87,000 IRS agents then?
The House can't do it alone. The Senate and the WH will not allow it.

And it's not 87,000 gun-toting agents, as you no doubt know. But repeating the lie signals to your fellow right-wingnuts what an awesome wingnut you are.

The $80,000 billion over 10 years will go to electronic modernization and hiring more of every type of employee, including those who answer the phone.
 
The House can't do it alone. The Senate and the WH will not allow it.

And it's not 87,000 gun-toting agents, as you no doubt know. But repeating the lie signals to your fellow right-wingnuts what an awesome wingnut you are.

The $80,000 billion over 10 years will go to electronic modernization and hiring more of every type of employee, including those who answer the phone.
If they stopped watching porn they would have more than enough agents.
 
Hitting the debt ceiling is absolutely predictable. It's called budgeting. The fact that this is suddenly an issue now is more a sign that the administration was ignoring it a couple of months ago.

And this issue is largely the result of Democrats. Pelosi just lost her position. It's congress that keeps putting these spending bills through.
You seem well-informed. Such depth.
 
Republicans don't 'push us to the brink' - although I wish they would take a stronger hand in holding us back.

It's a spending problem - not a debt ceiling problem. We're maxing out our credit cards. And this round is all on Democrats.
Your issue is with the spending bills, not the debt ceiling, I agree. Raising the debt ceiling isn't allocating more spending, it's just allowing America to pay the bills we've already stacked up. Failing to raise the debt ceiling would make us a deadbeat nation, harm our credit rating and actually make our debt problem end up worse. (because our interest rates for our debt would shoot up)

So, anyone who wants fiscal responsibility, should be in favor of straight up raising the debt ceiling without all this brinksmanship.
 
Been awhile since we have seen one of those. There is always hope that we can get back to regular order with the budget although I am not holding my breath.

The bills will be paid with incoming revenue.

As is most of the spending in the omnibus bills.

There will be no regular order as long as the Freedumb Caucus continues to try and hold the other 90% hostage.
 
Hitting the debt ceiling is absolutely predictable. It's called budgeting. The fact that this is suddenly an issue now is more a sign that the administration was ignoring it a couple of months ago.

And this issue is largely the result of Democrats. Pelosi just lost her position. It's congress that keeps putting these spending bills through.

It isn‘t “suddenly an issue for now”.

The trash media trump nation consumes routinely ignores things like this because they can get more eyeballs by promoting the idiotic utterances of trump, Greene Gaetz and other far right wing cranks, the business of government goes on.

The debt ceiling is boring and doesn’t make good tv or talk radio. It requires one to have at least a basic understanding of government and fiscal issues.

The trump right wing is bored by this sort of thing , and tends to ignore it, until the crisis us upon us.

Everyone in Washington has known for a year that the debt ceiling was going to be an isssue in 2023.

Congress passed a stopgap measure at the end of last year to kick the can, mainly because Republicans wouldn’t agree to raise the debt ceiling.

Your attempt to blame the oncoming issue on Democrats is false, and dishonest. The debt ceiling could be raised in five minutes by voice vote.

But hasn’t been since the GOP decided to play politics with it. And we all know what that looks like.

We’ve seen this act before. It never turns out well.
 
In the end the republicans always raise the debt ceiling. There really is no other choice. They already spent the money. Time to pay for it.

But they will play it for all the political gain they can get.
 
Governments should never be confused for households.

I have asked this before of you and don't recall getting an answer.

How do you see the US government managing spending and debt over the next ten years?
 
It isn‘t “suddenly an issue for now”.

The trash media trump nation consumes routinely ignores things like this because they can get more eyeballs by promoting the idiotic utterances of trump, Greene Gaetz and other far right wing cranks, the business of government goes on.

The debt ceiling is boring and doesn’t make good tv or talk radio. It requires one to have at least a basic understanding of government and fiscal issues.

The trump right wing is bored by this sort of thing , and tends to ignore it, until the crisis us upon us.

Everyone in Washington has known for a year that the debt ceiling was going to be an isssue in 2023.

Congress passed a stopgap measure at the end of last year to kick the can, mainly because Republicans wouldn’t agree to raise the debt ceiling.

Your attempt to blame the oncoming issue on Democrats is false, and dishonest. The debt ceiling could be raised in five minutes by voice vote.

But hasn’t been since the GOP decided to play politics with it. And we all know what that looks like.

We’ve seen this act before. It never turns out well.

I know a place where we can start the cuts…




 
I have asked this before of you and don't recall getting an answer.

How do you see the US government managing spending and debt over the next ten years?

There is NOTHING any one congress can do stop a future congress from spending or taxing.
 
There is NOTHING any one congress can do stop a future congress from spending or taxing.

Sure there is, not raise the debt ceiling.
 
It isn‘t “suddenly an issue for now”.

The trash media trump nation consumes routinely ignores things like this because they can get more eyeballs by promoting the idiotic utterances of trump, Greene Gaetz and other far right wing cranks, the business of government goes on.

The debt ceiling is boring and doesn’t make good tv or talk radio. It requires one to have at least a basic understanding of government and fiscal issues.

The trump right wing is bored by this sort of thing , and tends to ignore it, until the crisis us upon us.

Everyone in Washington has known for a year that the debt ceiling was going to be an isssue in 2023.

Congress passed a stopgap measure at the end of last year to kick the can, mainly because Republicans wouldn’t agree to raise the debt ceiling.

Your attempt to blame the oncoming issue on Democrats is false, and dishonest. The debt ceiling could be raised in five minutes by voice vote.

But hasn’t been since the GOP decided to play politics with it. And we all know what that looks like.

We’ve seen this act before. It never turns out well.
Seems to me the DEMOCRATS shouldn't have spent so much money then. We wouldn't have this problem now if it wasn't for some drunken sailors throwing money around to hookers like they had a printing press.
 
Sure there is, not raise the debt ceiling.
And default on the debt? Horseshit, a future congress could remove the debt limit altogether if they wanted.
 
How do you see the US government managing spending and debt over the next ten years?
There will undoubtedly be higher spending and deficits until legislation is enacted to raise revenues.
 
Seems to me the DEMOCRATS shouldn't have spent so much money then. We wouldn't have this problem now if it wasn't for some drunken sailors throwing money around to hookers like they had a printing press.

LMAO... Only willful ignorance or blindness could leave one to a conclusion like this... Trump increased the national debt by $7.8 TRILLION dollars...
 
LMAO... Only willful ignorance or blindness could leave one to a conclusion like this... Trump increased the national debt by $7.8 TRILLION dollars...
I have admitted more than once that Trump[ spent too much money. He has been out of office for just two years and Congress spent trillions bailing out states with another trillion plus just before Christmas.

The party is over Blue Tex. WE are in charge now.
 
I have admitted more than once that Trump[ spent too much money. He has been out of office for just two years and Congress spent trillions bailing out states with another trillion plus just before Christmas.

The party is over Blue Tex. WE are in charge now.

LMAO... You have the house by a thread.... Dream on.... The GQP house will destroy itself in the next year... The house can't do DICK without the senate and president...
 
And default on the debt? Horseshit, a future congress could remove the debt limit altogether if they wanted.

You asked how, I never said it was a good idea. In a perfect world adults could do the math and realize we are heading towards a disaster with ever increasing speed.

There will undoubtedly be higher spending and deficits until legislation is enacted to raise revenues.

This is the rub, at least from where I sit. In ten years we are going to be running $3T annual deficits when we starting seeing major SS/Medicare hits to the general fund, combined with the debt increases and assuming a pretty conservative carry cost change from today.

I don't see how we are going to be able to finance that, regardless of revenue raises. You are literally talking about nearly doubling current taxation levels just to tread water. That just leaves me with the monetization of the debt game.
 
LMAO... You have the house by a thread.... Dream on.... The GQP house will destroy itself in the next year... The house can't do DICK without the senate and president...
Between now and then, the investigations will reveal to the American people how the FBI became the KGB and America became like China deciding what information would be fed to the sheep by using Twitter, FaceBook, and MSM to silence experts and others who gained a large following. Your party is toast.

Let the investigations begin.
 
Between now and then, the investigations will reveal to the American people how the FBI became the KGB and America became like China deciding what information would be fed to the sheep by using Twitter, FaceBook, and MSM to silence experts and others who gained a large following. Your party is toast.

Let the investigations begin.

And John Durham is going to blow the lid off... By the way, where is John these days...
 
In ten years we are going to be running $3T annual deficits when we starting seeing major SS/Medicare hits to the general fund
I seriously doubt that.
 
I seriously doubt that.

I am honestly interested in your math. We are running $1.4T deficits, which should only increase over the next ten years (at least spending). That's another $14-20T in total debt accrual. That alone is going to add, conservatively, $600B a year to deficits in carry cost. Then you have the general funds having to eat the shortages for the Big3 entitlement programs that will be good for another $1T pretty easily. Suddenly, we are at a $3T annual hole and a debt/gdp approaching 2.
 
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