Janet Yellen: U.S. Will Hit Debt Limit Next Week, ‘Extraordinary Measures’ Can Prevent Default

Breitbart ^ | 01/13/2023 | BREITBART NEWS

[ChicagoConservative27]

WASHINGTON (AP) — Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default.

In a letter to House and Senate leaders, Yellen said her actions will buy time until Congress can pass legislation that will either raise the nation’s $31.4 trillion borrowing authority or suspend it again for a period of time.

Those measures include divesting some payments, such as contributions to federal employees’ retirement plans, in order to provide some headroom to make other payments that are deemed essential, including those for Social Security and debt instruments.

[ChicagoConservative27]

I would tell Yellen to pound sand

[skeeter]

Here we go again.

Never in the history of mankind has there ever been a greedier bunch of irresponsible cretins running a major nation.

[antidemoncrat]

Let us default .... fire all Government employees ... Congre$$ first ... start over with new employees ... previous Government employees not eligible.

[Leep]

Can’t someone hit Janet Yellen instead? /S?

[FlingWingFlyer]

So use the money being planned to be handed out to the College flunkies to pay their student loans, the cross border invaders to suck off America like a bunch of fat ticks, to the jerko tribes in Africa whose villages are being flooded, to the Swedish meatball so she and her band of morons can go take penguin rides to Antarctica and all of the other failed socialist programs being set up in the country.

[GaltMeister]

We are near the point where interest on the debt is going to be the biggest item in the budget.

Not good.

[elpadre]

I have some other ideas on suspending payments.

Congress must take immediate action to reduce spending. Eliminating many of the unnecessary and unneeded welfare programs would be a good start. Having the military close borders to all migrants and refugees and begin a removal program to get that burden off our back, and ..........

[samadams2000]

Be still my heart.

[noiseman]

There’s plenty of cash flow from tax receipts and other sources to service the existing debt and pay for the essentials, like defense and social security, without raising the debt limit. They’re lying when they try to convince people that grandma won’t get her social security check if the “evil Republicans” refuse to raise the limit.

The constant wailing and gnashing of teeth over this issue is like an individual with a six-figure income, who is nonetheless up to his neck in debt with every credit card maxed out, saying that if the card companies won’t increase the limits on his cards that he’ll starve to death. No, he won’t starve to death because he has plenty of income; he just needs to stop overspending and focus only on the essentials until he pays FR his debt. Contrary to the cries to raise the debt limit, it is raising that limit and taking on more and more debt that will push the country into poverty. Another analogy is that it’s like a drug addict arguing that the only way he can stay healthy is if he is permitted to take more drugs. At some point it has to stop, period.

[4Liberty]

[ClearCase_guy]

1) I am in favor of defaulting and I don't really care about the nasty details. I say we just do it. (NOTE: this just isn't going to happen. Obviously.)

2) I believe that one of the key "details" is that the US is legally obligated to pay its debt FIRST and then worry about other expenditures. In others words: we don't default because we run out of money. We default because we decide we want to default. (NOTE: Again -- this just isn't going to happen. Obviously.)

She's gaslighting when she says we might default.

[ncalburt]

LOL

EXACT SAME State of Fear Talking Points Year After Year .

Stick it you ugly Evil Pathological Lying Cow .

Default .

[SaxxonWoods]

The debt ceiling be raised, as always. Both parties love this, it’s one of the ways they pass money around making side deals.

If the House passed an annual budget as ordered by the Constitution, there would be no “debt ceiling” to break through.

So why hasn’t the new Republican House passed a Resolution to produce the next budget using the regular order instead of the spending nightmare continuing resolution?

The Republican House will continue to ignore the Constitution.

[TexasFreeper2009]

agree to finish Trumps wall and the Republican house will raise the debt limit!

[HYPOCRACY]

That hag is as braindead as her boss.

[Paladin2]

Start charging for crossing the Southern Border.

[pierrem15]

The US government has more than enough tax revenue to pay SS and the DOD, FAA and a few other essential services. The rest is superfluous.

[unixfox]

To start...

Stop ALL foreign aid.
Stop ALL welfare for able bodied adults.
Stop ALL government hiring.

[cuz1961]

Extraordinary Measures’

/\

Repeal the omnicoupUSA bill , or is that

too extraordinary ?

Ya, thought so.

[bIlluminati]

The proper action is to disband the government as it has failed to obey its own Constitution, laws, rules and regulations. In the interim, make all officials, current and former, and their estates be joint and severally responsible for the debt. In exchange for avoiding a death penalty, take away their right to vote or hold office or transact any business with the new Republic.

Then start over, with the same Constitution, and all new people. Zero debt, no profiteering from the previous debt, clean slate.

I don’t expect that this will be the solution we get.