On Saturday, the federal borrowing limit set by Congress kicks back in, freezing US debt at its current level -- a shade over $22 trillion, a record high -- and there's no clear plan in sight for lawmakers to extend new borrowing power.
While the US Treasury isn't immediately at risk for default, the situation raises that alarming prospect, which Federal Reserve Chairman Jerome Powell described earlier this week as a "very big deal."But White House economist Kevin Hassett, chair of the Council of Economic Advisers, downplayed the risk on Friday."I can tell you that if you look back at previous debt limit debates, that they've always sort of worked out in the end," Hassett told CNN's Poppy Harlow.
The BIG JUMP was during BarackObama administration. From 10 to 20 TT
but seems people don’t read anymore I guess they lost the ability to do research on their own !! They need government to tell them what is TRUE and what is FAKE DEBT !! poor sheeple
The debt ceiling is only created to inject more USD into the economy basically to trigger the right to print more money , “reason why” the Rich the don’t spend their $$ they Hord it in offshores the commoners “ Us the people “ have to spend debt to keep the economy going
It means Congress just needs to create a new BILL .. called the 2020 money and put Trump's pic on it to honor his presidency!!!
Allah said : “ Satan threatens you with poverty and orders you to immorality, while Allah promises you forgiveness from Him and bounty. And Allah is all-Encompassing and Knowing “
Just print more, that's what they always do
anti trump propaganda
NationalDebt Israel JewishTweets TwitterMoments USTreasury there is always the christ-like approach and if we do that, BreakThroughAndVictory!-)+
The Kuffar and their economic system is a failure riba
Where is the military spending on this clock ?
Up and down⚡⚡⚡⚡down, down
This country can’t govern itself.
No rational person should be increasing debt. They need to raise taxes and PAY IT DOWN, When we are no longer owned by the Chinese banks, we can fix our tax system to balance with the programs we want. And future wars must have tax increases attached to any action/ resolution
ever seen the LOOK in the eye of dummy that is about to lose their job ever seen the Look in their eyes after U tell them how much more the CEO will make in bonuses taxed at a lower rate than wage.. its quite an amazing Look.,,. their agony makes the Blood Rush.. Winner
Please pay down the debt. Carrying debt isn’t good. MAGA
Here’s a crazy idea... instead of borrowing more... how about we try spending less? I know! Crazy, right?
a dead CEO is not the end of the world.. 99% of all companies can survive beyond the lives of all their workers.. many workers claim the companies cant go on without them.. but China plans2buy all the major companies soon and then offshore the jobs to china.. by share ownership
china has increased its holdings of USA debt.. so when they decide to war on trade wit USA.. they Simply dump the USA T Bills and watch as USA value drops..&with it.. PR will hit the streets.. and then the stupid GOP will demand more tax cuts for their incestuous family members
Cut spending now. Balance budget act. We brought in more tax dollars in 2018 than ever before. Live at our means
We can all thank Obama for the exorbitant debt America owes. Trump clearly tries to stimulate the economy with growth, Dems use debt.
Farmers.. all of them.. want to do more not less business in bulk with the communists.. sure the commie troops need more food to live off of.. and the Xi is turning them Christian.. but they are still centrally controlled and are still communists.. two class society too
Now do the Hush Fund.
some republican high school drop outs cl;aim that 'sending USA jobs to the communist china is the way to be capitalist'.. these r some of the dumbest whites on earth.. to think dealing with commies is the path to capitalism.. take a bow and be bent for Men in the GOP..
some social security types.. have the fear.. that they r not going to get enough to live off.. well the republicans did tell them in advance about the loss of jobs.. due to CEOs' decisions, being called Capitalism',.. but its not.. when u send the jobs to a communist country./
Look, some things are to expensive that we do need but as a broke, ordinary guy, I can’t blame the person who’s getting rich off the products we buy. Nobody told us to buy there products. They had a smart idea and we buy into it. Can’t hate
although there are many 'very angry' types in USA rt now.. there are no immediate calls for a number for and over this bad math .. republicans have been lying about math for decades.. putting their dumb kids into harm's way.. bush babies are out there too.. being stupid
if there was no Tax cut .. the USA would have had at least another year before the $22 trillion was hit.. under obama the annual deficits were down to less than $500 bn per yr,.. now they are Double that under Obama.. being stupid is the Republican way of life.. no more IFs.
CNN fake news
and they shouldn't, why on earth must they spend more and more every single year?