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Thread: 7/31/21-US Debt Limit reached

  1. #1

    7/31/21-US Debt Limit reached

    No worries, the US Government will expand the debt ceiling as they always do. This "argument" is nothing but a dog & pony show.

    https://www.msn.com/en-us/news/polit...?ocid=msedgntp

    THE BIG DEAL-Senate braces for a nasty debt ceiling fight: Republicans are digging in on the federal debt limit, warning Democrats that it will be up to them to avoid a default as President Biden pushes for trillions more in spending.

    GOP senators are taking a firm line as Democrats plot a path for their $3.5 trillion spending measure, which the party plans to pass with budget reconciliation rules that will prevent the GOP from blocking it with a filibuster.
    For that reason, Republican senators say they won't lift a finger to help Democrats raise the debt ceiling.
    "I'm not sure why there's much of an incentive right now given what the Democrats are doing, trying to run roughshod over the minority in the Senate, to help them," said Sen. John Thune (S.D.), the No. 2 Senate Republican.

    The stakes: The government will reach its debt limit on July 31, though the Treasury Department will be able to shuffle funds for an additional period to prevent the U.S. from breaking the ceiling.

    Actually doing so would cause a severe disruption to markets and the economy, as the U.S. government would be unable to meet demands from its creditors and pay its bills.

    Trillion of dollars in Treasury bonds held by foreign governments and investors are underpinned by faith in the federal government's ability to pay its bills. A default on the national debt could shatter that confidence and trigger a catastrophic financial crisis.

    Experts have said that the coronavirus pandemic is making it harder to estimate precisely when the U.S. would default on its obligations absent any action.



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  3. #2
    Time to let it ride for a bit and see how creative the Treasury can get.
    Do something Danke

  4. #3
    Its all about perspective. The ceiling isn't getting higher, the hole we're digging is getting deeper.

  5. #4
    Yellen demands congress raise it .
    Do something Danke

  6. #5
    Debt ceiling? We have a debt skyscraper
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Trump Jr 2024!!!!

  7. #6
    Quote Originally Posted by TheTexan View Post
    Debt ceiling? We have a debt skyscraper
    Soon to be the Pelosi- Schumer - Harris - Biden Debt Death Star
    Do something Danke

  8. #7
    What debt-limit???

    = John 6:38,39

  9. #8
    I finally figured out where they got that term.

    Quote Originally Posted by Merriam-Webster
    lim·​it | \ ˈli-mət \
    Definition of limit (Entry 1 of 2)
    1a: something that bounds, restrains, or confines
    the age limit for junior golf
    b: the utmost extent
    pushed her body to the limit
    2a: a geographic or political boundary
    blimits plural : the place enclosed within a boundary : BOUNDS
    into the limits of the North they came
    — John Milton
    3: LIMITATION
    the sadness is without limit
    — William Shakespeare
    4: a determining feature or differentia in logic
    5: a prescribed maximum or minimum amount, quantity, or number: such as
    a: the maximum quantity of game or fish that may be taken legally in a specified period
    b: a maximum established for a gambling bet, raise, or payoff
    6a: a number whose numerical difference from a mathematical function is arbitrarily small for all values of the independent variables that are sufficiently close to but not equal to given prescribed numbers or that are sufficiently large positively or negatively
    b: a number that for an infinite sequence of numbers is such that ultimately each of the remaining terms of the sequence differs from this number by less than any given positive amount
    7: something that is exasperating or intolerable
    We've had bad weather, but this is the limit.
    All this time I thought it must be a baldfaced lie. But all along they were just using definition #7.
    "Stupidity got us into this mess. Why can't it get us out?"--Will Rogers

    "All I know is what I read in the newspapers, and that's an alibi for my ignorance."--Will Rogers



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  11. #9
    We don't have a debt ceiling.. we have a Dome and the Bubble is growing.

    POP
    Liberty is lost through complacency and a subservient mindset. When we accept or even welcome automobile checkpoints, random searches, mandatory identification cards, and paramilitary police in our streets, we have lost a vital part of our American heritage. America was born of protest, revolution, and mistrust of government. Subservient societies neither maintain nor deserve freedom for long.
    Ron Paul 2004

    Registered Ron Paul supporter # 2202
    It's all about Freedom

  12. #10
    Quote Originally Posted by pcosmar View Post
    We don't have a debt ceiling.. we have a Dome and the Bubble is growing.

    POP
    Heat-dome?

    = John 6:38,39

  13. #11
    Quote Originally Posted by ClaytonB View Post
    Heat-dome?
    Like a big red zitt,,
    Liberty is lost through complacency and a subservient mindset. When we accept or even welcome automobile checkpoints, random searches, mandatory identification cards, and paramilitary police in our streets, we have lost a vital part of our American heritage. America was born of protest, revolution, and mistrust of government. Subservient societies neither maintain nor deserve freedom for long.
    Ron Paul 2004

    Registered Ron Paul supporter # 2202
    It's all about Freedom

  14. #12
    Quote Originally Posted by pcosmar View Post
    Like a big red zitt,,
    You must spread some Reputation around before giving it to pcosmar again.
    = John 6:38,39



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