Yellen Says Only Good Outcome Is Congress Raising Debt Ceiling (US CDS Remains Elevated At Child-like Biden Refuses To Negotiate The Debt Ceiling)

Confounded Interest ^ | 05/12/2023 | Anthony B. Sanders

[Kaiser8408a]

Treasury Secretary Janet “The Evil Hobbit” Yellen is a Statist. She can only think of an all powerful central government calling the shots since the private sector and individual liberties are something to be eliminated.

So, it is not surprising that Yellen is pushing for Congress to raise the debt ceiling without conditions. Even Democrat Senator Joe Manchin is saying that Biden is ‘Hypocritical’ On Debt-Limit Demands’.

Back in Mordor on The Potomac, President Joe Biden and House Speaker Kevin McCarthy postponed a meeting on the debt ceiling set for Friday. People familiar with the talks said the postponement was a sign that staff-level talks were yielding progress.

Now what no one in our lame pro-government media or Congress or Administration has said is the a US debt default does NOT necessarily mean that the US walks away from its debt. Very likely, China and Japan, our two biggest foreign debt holders, will insist on debt restructuring so that the US pays some fraction of debt owed, like 80%.

US CDS 1Y continues to remain high as Biden/Yellen/Schumer play chicken with the lives of the American middle class while the political donor class is clamoring for endless spending and wealth transfers.

Remember, Biden, Yellen and Schumer all Statists and believe that their job is growing Federal government to wear it is all powerful and their donors get billions in subsidies and wealth transfers. You don’t think green energy subsidies make any common sense, do you? Wind turbines (aka, whale and eagle killing machines) are ineffective. We need nuclear power but Progressives fear nuclear power as much as they have Donald Trump.

[Kaiser8408a]

But at least the Biden crime family is making out like bandits. Which they are.

[ConservativeInPA]

So, it is not surprising that Yellen is pushing for Congress to raise the debt ceiling without conditions.

There is no debt limit when the limit is raised every time the limit approaches.

[Diogenesis]

https://realrawnews.com/2023/05/military-arrests-obama-era-holdover-for-treason/

“Yellen is a “yes woman” who has been living in Ukraine since October 2022—to avoid being caught by the White Hat partition of the U.S. military.
“Dozens of Biden’s people fled overseas to hide from us,” our source said. “You know what, there’s no statute of limitations on treason. We’ll get the bitch Yellen just like we got Lew.”

[alstewartfan]

Creepy Joe likes child; he is not “child-like”.

[JonPreston]

Allow me to take the angst out of this debt limit argument; in the end, Republicans will cave as they always do.

[AAABEST]

He’s not “childlike.”

He’s an evil, demented clown who’s single-handedly ruining us all.

[Jolla]

Wonder how many bankers or business folks feel unlimited debt is a good idea.

[xzins]

Lies. On a common sense level, the US could thrive on just 2/3 of the current budget. We borrow 1/3. You can’t live on borrowed money. It’s ignorant.

[vg0va3]

We have been living from financial catastrophe to financial catastrophe since Bush announced he was saving the free market system by abandoning the free market system.

Where it started:

2008 George W. BUSH; Well, I have obviously made a decision to make sure the economy doesn’t collapse. I’ve abandoned free market principles to save the free market system. I think when people review what’s taken place in the last six months, uh, and put it all in one, in one, (sigh), you know, in one package, they’re realize how significantly we have moved.

https://archive.thinkprogress.org/bush-ive-abandoned-free-market-principles-to-save-the-free-market-system-eef736df2aff/

How we evolved:

2009 Treasury Secretary Timothy Geithner: detailing the elements of President Obama's new Financial Stability Plan

https://www.nytimes.com/video/business/1231547576516/geithner-explains-new-bank-bailout.html

Where we are:

2023 Moodys Rating Agency through ALL CORPORATE MEDIA: Debt default would be ‘catastrophic’ event that could kill millions of American jobs, Moody’s warns AGAIN

ttps://www.cnn.com/2023/03/07/economy/debt-default-warning-moodys/index.html

[vg0va3]

“Yellen is a “yes woman”

Makes me wonder.

Is she always popping her collar to hide the string going into the back of her head that controls her mouth?

Could that be why she sounds like some old man when she speaks?

[skeeter]

Even worse, Biden’s not ideological. He’s destroying the nation to keep the money flowing into his personal account.

[rolling_stone]

she imo is incompetent and part of the cause of bank problems she should resign,but leftists never admit they were wrong, even when standing on the gallows.

[cymbeline]

“There is no debt limit when the limit is raised every time the limit approaches.”

True.

Yellen could have given useful advice by proposing a scheme for eliminating this problem in the future. But she didn’t.

[Irenic]

detest. her.

[Varsity Flight]

87k Irs SS

[Varsity Flight]

87k agents SS

[Enterprise]

Yellen would be best employed as a street vendor in Tijuana selling blankets.

[minnesota_bound]

Con_gress spent an extra $6.2 trillion in less then 2 years that caused the massive inflation and high prices.
They can cut spending by $6.2 trillion for starters.

[ballplayer]

Manchin is a ahole

[Vaduz]

Yellen always proving her worthlessness.

A democrat requirement.