Posted on 03/09/2023 9:17:20 AM PST by JV3MRC
The New York Times tried turning the screws on Republican members of Congress who are adamant about President Joe Biden agreeing to spending cuts before the debt ceiling is raised … yet again.
Times White House correspondent Jim Tankersley wrote in the sub-headline of his anti-GOP propaganda March 7 that “a top economist will warn lawmakers that Republicans’ refusal to raise the nation’s borrowing cap could put millions out of work.” The “economist” was none other than Hillary Clinton donor and “registered Democrat” Moody’s Analytics Chief Economist Mark Zandi. Tankersley wielded Zandi to claim that “The U.S. economy could quickly shed a million jobs and fall into recession if lawmakers fail to raise the nation’s borrowing limit before the federal government exhausts its ability to pay its bills on time.” But if Biden agrees to the GOP calls for spending cuts to offset a debt ceiling increase, editorialized Tankersley, there would be “stark economic damage.” Uh, what?
Of course, Tankersley didn’t mention that Zandi was one of two economists in 2020 who absurdly “argued that a total Democratic sweep [in the elections] would bring the biggest boost to the economy because of Biden’s plans to spend trillions on infrastructure, education and the social safety net while boosting trade and immigration.” It was such a “boost” that it propelled the U.S. into a bitter inflation crisis. Tankersley continued propping up Zandi’s claims to editorialize that the spending cuts needed to “balance the budget” would lead to “stark economic damage if Mr. Biden, in an attempt to avert a default, agrees to those demands.” Did Tankersley forget the “economic damage” that’s already been done as a result of Biden and company’s obsession with spending?
(Excerpt) Read more at newsbusters.org ...
More money to prep for the inevitable collapse
Were we to do so, they would realize that this money we keep spending was borrowed using their credit card!
Is the NYT owned by the DNC? Seems so.
Hmmm. . . "Stark economic damage" to whom?
Perhaps to Biden friends who are planning some profitable short sales when enough lunatic spending tanks the economy?
STOP SENDING MONEY TO UKRAINE.
OMG!!! Without the Dim’s spending spree the hyperinflation rate might fall by half a percent!!! The horror.
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