Article

2023-05-03 Home Front: Politix

Treasury Secretary Janet Yellen says that the US could default on its debt as early as June 1

[PUBLISH.TWITTER]

Treasury Secretary Janet Yellen says that the #US could default on its #debt as early as June 1, if legislators do not raise or suspend the nation’s borrowing authority before then and avert what could potentially become a global financial #crisis.https://t.co/pXai8Q0XTW
— Al Arabiya English (@AlArabiya_Eng) May 2, 2023

Posted by Fred 2023-05-03 00:00|| || Front Page|| [17 views ] Top

#1 I'm kinda hoping it happens myself. Something needs to wake the electorate the fuck up about how the Democrats are running the country into the ground. By all reasonable expectations they should've gotten their asses kicked last November; instead the unhealthy pattern of incumbents winning 90% of elections continued unabated, and we got the House by our fingernails. Something's gotta give.

Posted by Raj 2023-05-03 01:17|| 2023-05-03 01:17|| Front Page Top

#2 That Yellen is about as big a hack as they come. Her background before becoming a one-term Fed Chair was as a labor statistician. Now look at her. Davos couldn't be more proud.

Posted by DooDahMan 2023-05-03 04:47|| 2023-05-03 04:47|| Front Page Top

#3 Excuse me DC.
What do you call 31.7+/- Trillion in National Debt?

At the current rate of IRS collected revenue of $4.71 trillion per year. 31.7 Trillion is will take US TAXPAYERS 26.99 years to pay off the vote buying DC pocket filling debt.

That's 26.99 years of the Federal Gov. run on a $0.00 (zero) Spending Budget . So realistically we are looking at
100+ years with a lot of Moochers and Free Loaders starving, or getting off their butts, stop reproducing and finding a source of income called WORK.

Posted by NN2N1 2023-05-03 06:38|| 2023-05-03 06:38|| Front Page Top

#4 Hello, Janet! You ARE the secretary of the treasury. You are the one who should be doing something about this...

Posted by Tom 2023-05-03 11:29|| 2023-05-03 11:29|| Front Page Top

#5 if legislators do not raise or suspend the nation’s borrowing authority

President Biden announce the other day that he will not negotiate with Congress about this. This is a play to blame the Republicans because the Democrats do not want to be constrained by the Republican controlled House.

Posted by trailing wife 2023-05-03 12:58|| 2023-05-03 12:58|| Front Page Top

#6 According to Epoch Times, Chuck Schumer wants $2 million for a hip hop museum in the Bronx. That's a mere droplet in the bucket but it shows the frivolity that contributes to a $30 trillion debt.

More disturbing is the money we give to countries like Mexico and Pakistan for no other reason than to enrich their ruling classes. Then, of course, there was Afghanistan and now Ukraine. Uncle Sam has just got to have himself some fucking war somewhere.

Posted by Abu Uluque 2023-05-03 13:24|| 2023-05-03 13:24|| Front Page Top

#7 $2 million for a hip hop museum in the Bronx

Shades of some dem or other's "teapot museum" and Dingy Harry's cowboy poetry slam.

Posted by M. Murcek 2023-05-03 13:27|| 2023-05-03 13:27|| Front Page Top

#8 Sadly, the government doesn't really shut down. They take a paid vacation. If they really shut it down then don't pay the Civil Servants when they return.
Rant over.

Posted by Cleared Cookies Lost Nic 2023-05-03 14:22|| 2023-05-03 14:22|| Front Page Top

#9 The government's income doesn't stop. Everyone just gets a smaller slice of their appropriations.

Posted by Procopius2k 2023-05-03 17:49|| 2023-05-03 17:49|| Front Page Top

05:35 Skidmark
05:24 Skidmark
04:45 Skidmark
04:41 Skidmark
04:33 Skidmark
04:30 Skidmark
04:20 Skidmark
04:14 Skidmark
03:39 Grom the Reflective
03:37 Grom the Reflective
03:26 Grom the Reflective
03:25 Grom the Reflective
03:23 Grom the Reflective
03:18 Dale
02:28 Whiskey Mike
02:22 Whiskey Mike
02:02 Angealing+B.+Hayes4677
01:32 Grom the Reflective
01:27 Grom the Reflective
01:24 Grom the Reflective
01:21 Grom the Reflective
01:13 Grom the Reflective
01:10 Whiskey Mike