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

[1DOWN4UP]

Betrayal, Once More

We find ourselves under more tyrannical oppression than at the time of the Revolutionary War. I’d say that we’re under more oppression than the Soviet population during Stalin. American citizens don’t readily recognize it, because a lot of it’s going on in the background. Whereas Stalin had to...

tldavis.substack.com

 

[BigRed]

Betrayal, Once More

We find ourselves under more tyrannical oppression than at the time of the Revolutionary War. I’d say that we’re under more oppression than the Soviet population during Stalin. American citizens don’t readily recognize it, because a lot of it’s going on in the background. Whereas Stalin had to...

tldavis.substack.com

Dissolve it.

 

[DadSmith]

Republicans are angry with McCarthy for the debt ceiling deal.

Congressional opponents of House Speaker Kevin McCarthy (R-CA) are rebelling against the debt limit agreement he made with President Joe Biden. The House Freedom Caucus has disrupted a bill to limit f

www.conservativenewsdaily.net

 

[KLB]

They should be

 

[BigRed]

Republicans are angry with McCarthy for the debt ceiling deal.

Congressional opponents of House Speaker Kevin McCarthy (R-CA) are rebelling against the debt limit agreement he made with President Joe Biden. The House Freedom Caucus has disrupted a bill to limit f

www.conservativenewsdaily.net

Just a moment...

These politicians are upset because they got ****** over by a politician?

Well, color me shocked ********.



These ******* have no ******* clue what an unleashing of wrath really looks like.


**** 'em

 

[BigRed]

https://www.wsj.com/articles/the-case-for-a-biden-fourth-term-9472ee9f?mod=hp_opin_pos_3#cxrecs_s

"The deficit totals $1.6 trillion in fiscal year 2024, grows to $1.8 trillion in 2025, and then returns to $1.6 trillion by 2027. Thereafter, deficits steadily mount, reaching $2.6 trillion in 2034. Measured in relation to gross domestic product (GDP), the deficit amounts to 5.6 percent in 2024, grows to 6.1 percent in 2025, and then shrinks to 5.2 percent in 2027 and 2028. After 2028, deficits climb as a percentage of GDP, returning to 6.1 percent in 2034. Since the Great Depression, deficits have exceeded that level only during and shortly after World War II, the 2007–2009 financial crisis, and the coronavirus pandemic."

"Debt held by the public increases from 99 percent of GDP at the end of 2024 to 116 percent of GDP—the highest level ever recorded—by the end of 2034."

Meanwhile, we have these ******** in the central state scheming to strip more property from American taxpayers and **** it away on Ukraine, Israel, illegal aliens, and a host of other *******

Our children and grandchildren are being delivered into economic slavery. To hell with these *******

 

[bgcatty]

Don't worry, Biden and the Democrats will just continue the print or borrow more money and continue to drive the national debt further and further into the stratosphere.
Its got to stop!

 

[Shadow01]

If you’re patient and help put the right people on the ballot, we might fix this in 20 or so elections…

 

[asevans]

Huh? They just temporarily suspended the debt ceiling.
I’m sure they will un-suspend it.

 

[Tombs]

Our children and grandchildren are being delivered into economic slavery. To hell with these *******

And a decent fraction of the GOP will still parrot the "just pull yourself up by your boot straps."

Hopefully the wider GOP starts acknowledging this issue and stops pretending we're living in the 1950s.
Because you really don't want the actual socialists to be the ones who get ahead of this and start providing solutions.

 

[BigRed]

the actual socialists to be the ones who get ahead of this and start providing solutions.

That is the game plan.

 

[Ark]

https://www.wsj.com/articles/the-case-for-a-biden-fourth-term-9472ee9f?mod=hp_opin_pos_3#cxrecs_s

"The deficit totals $1.6 trillion in fiscal year 2024, grows to $1.8 trillion in 2025, and then returns to $1.6 trillion by 2027. Thereafter, deficits steadily mount, reaching $2.6 trillion in 2034. Measured in relation to gross domestic product (GDP), the deficit amounts to 5.6 percent in 2024, grows to 6.1 percent in 2025, and then shrinks to 5.2 percent in 2027 and 2028. After 2028, deficits climb as a percentage of GDP, returning to 6.1 percent in 2034. Since the Great Depression, deficits have exceeded that level only during and shortly after World War II, the 2007–2009 financial crisis, and the coronavirus pandemic."

"Debt held by the public increases from 99 percent of GDP at the end of 2024 to 116 percent of GDP—the highest level ever recorded—by the end of 2034."

Meanwhile, we have these ******** in the central state scheming to strip more property from American taxpayers and **** it away on Ukraine, Israel, illegal aliens, and a host of other *******

Our children and grandchildren are being delivered into economic slavery. To hell with these *******

None of those predictions matter because there isn't the slightest hint that DC will stop rolling out massive new spending and new wars.

At this point it's all just nonsense. The US has effectively defaulted already. Everyone can see what's coming and nobody actually believes the debts will be honored in any more than a bare minimum maintenance sense, and then only by more debt. The US is making minimum payments on maxed out credit cards by opening new credit cards.

 

[BigRed]

None of those predictions matter because there isn't the slightest hint that DC will stop rolling out massive new spending and new wars.

At this point it's all just nonsense. The US has effectively defaulted already. Everyone can see what's coming and nobody actually believes the debts will be honored in any more than a bare minimum maintenance sense, and then only by more debt. The US is making minimum payments on maxed out credit cards by opening new credit cards.

Indeed.

As I have stated on several occasions, the republic has been dead for at least 160 years.

 

[Magyars]

Indeed.

As I have stated on several occasions, the republic has been dead for at least 160 years.

Man, oh man Red.. good to have you back!

 

[Magyars]

Jamie Dimon believes U.S. debt is the ‘most predictable crisis’ in history—and experts say it could cost Americans their homes, spending power and national security

According to Dimon we're ten years off that outcome, but experts say it won't look great when it gets here.

finance.yahoo.com