What happens now the US has hit the debt ceiling again?

[Shadow01]

BAU

 

[Pepi]

Send more money OS

 

[Usmccookie]

I didn't say it would happen. I said it was time. Way past time. We've been bankrupt for a very long time now. Congress and the treasury just refuse to admit it.

Russia is doing its part. It won’t be long before the dollar isn’t the world reserve currency. When that happens, we’re screwed

 

[ancjr]

They print more fiat

View attachment 249522

sad but true.

 

[Tombs]

80 times since 1960. It really is time to pay the piper.

This isn't like personal debt.

The further they push the debt, the more you pay for it through inflation caused by measures that permit the debt to keep expanding.

If you were to try to fix that, you would cause deflation, which would cause economic destruction beyond your comprehension. The reason why is that the value of people's debt would infinitely expand to the point of bankrupting them. Inflation reduces the value of people's debt, so it's less destructive.

The ideal situation is equilibrium, where the debt matches our economic growth, keeping currency values relatively stable.

 

[Shadow01]

Once the entire economy is broke, it can be fixed. Until we hit rock bottom, no one is willing to do what will be required.

 

[Mgderf]

Once the entire economy is broke, it can be fixed. Until we hit rock bottom, no one is willing to do what will be required.

I'm ready to go back to the barter system.

 

[DoggyDaddy]

I'm ready to go back to the barter system.

I might starve. I mean, my body ain't what it used to be.

 

[jedi]

Russia is doing its part. It won’t be long before the dollar isn’t the world reserve currency. When that happens, we’re screwed

This the end of the perto-dollar is coming as China and Russia consolidate behind a new currency.

Russia, China may be preparing new gold-backed currency, but expert assures US dollar 'safest' currency today

Chinese officials have periodically discussed plans to disrupt the dollar's dominance as a global currency, but Beijing this year has bought gold in record quantities.

www.google.com

Saudia Arabi and other oils companies are moving towards it as well. Once this occurs its game over for us.

We will become a 3rd world country currency wise. The only thing aiding our side is our military power and nuclear weapons. Our threath of violence is keeping the world in check.

The more we squeeze the more sand we lose in our grip.

 

[patience0830]

This isn't like personal debt.

The further they push the debt, the more you pay for it through inflation caused by measures that permit the debt to keep expanding.

If you were to try to fix that, you would cause deflation, which would cause economic destruction beyond your comprehension. The reason why is that the value of people's debt would infinitely expand to the point of bankrupting them. Inflation reduces the value of people's debt, so it's less destructive.

This is why it is called paying the piper.

The ideal situation is equilibrium, where the debt matches our economic growth, keeping currency values relatively stable.

No. The ideal situation would have been to spend inside our means, lo these many years, not have stolen then social security funds of our seniors, and not borrowed the first dime to mortgage our grandchildren's future.

 

[DadSmith]

Republicans demand spending cuts to lift the debt limit. They won't say what to cut.

House Republicans are demanding spending cuts to lift the debt ceiling, but they haven't figured out what to cut.

news.yahoo.com

And this is about as far as it will go.
If these Republicans have even a little spine they will hold out for at least a month of government shutdown before caving to the Democrats and Rinos.

 

[9mmfan]

Shut it all down. Maybe people will learn it really matters who you vote for.

 

[2in1evtime]

Republicans demand spending cuts to lift the debt limit. They won't say what to cut.

House Republicans are demanding spending cuts to lift the debt ceiling, but they haven't figured out what to cut.

news.yahoo.com

And this is about as far as it will go.
If these Republicans have even a little spine they will hold out for at least a month of government shutdown before caving to the Democrats and Rinos.

Why even cave its about time they get a spine isn't it!!!!

 

[DadSmith]

Why even cave its about time they get a spine isn't it!!!!

But that would shut the government down for 6 months or longer.
We can't have that now.

 

[DadSmith]

GOP critic dials up pressure on McConnell: ‘Tired of caving’

Sen. Rick Scott (R-Fla.) says he is “tired of caving” on the debt limit and is dialing up the pressure on Senate Republican Leader Mitch McConnell (Ky.) not to swoop in to strike a last-minute deal…

thehill.com

 

[BigRed]

Saw the Republicans came up with a deal to confiscate and **** away more of American taxpayers' property.

Wow, those folks sure do have a spine...really know to stick in there when met with slight resistance.

******* clowns.

 

[Ingomike]

Here are the 35 Republicans Who Stand with "We the People" and Won't Vote for Biden & McCarthy's Flawed Uniparty Bill | The Gateway Pundit | by Jim Hoft

On Tuesday night, the House Rules Committee on Tuesday voted to advance the McCarthy-Biden Fiscal Responsibility Act.

www.thegatewaypundit.com

 

[Shadow01]

Looks like creepy joe will get his money. Hopefully they put him back in office so we can race to the bottom quicker. It’s clear that most don’t care enough to actually do anything, so we might as well get to the end game as quick as we can so everyone can grasp some of that reality that is going to slap them in the face. My biggest concern is that too many of the “suddenly died” will escape living the fun when joe solidifies the NWO. They shouldn’t miss what is coming.

 

[DragonGunner]

They just raise it again. R will fight it and fail because D will say the R are stopping SS and welfare if they don’t agree to their terms. Media will say same thing and R will cave so they don’t look like they are the bad guys stopping SS. It’s how it goes every time

This guy nailed it. Lol

 

[BigRed]

Shut it all down.

Hear Ye, Hear Ye!