Posted on 10/04/2021 9:56:53 AM PDT by ChicagoConservative27
President Biden warned Monday that the U.S. may default on its debt for the first time in history if Senate Minority Leader Mitch McConnell (R-Ky.) continues to block Democratic attempts to raise the federal borrowing limit.
Speaking to reporters following a Monday speech on the fiscal standoff, Biden said he cannot guarantee that the U.S. will be able to pay its bills past Oct. 18 if GOP senators are unwilling to clear a path to keep the country solvent.
“I cannot believe that will be the end result, because the consequences are so dire,” he said. “But can I guarantee it? If I could, I would. But I can’t.”
(Excerpt) Read more at thehill.com ...
What the hell is the point of even having a ‘debt ceiling’ if you’re just going to raise it every time you get near it, anyway?.........................
Poor Chucky. if he wants it so bad, he doesn’t NEED any Republicans to vote for it. Corral the Democrats, and he can get it without one Republican vote at all. Just like Pelosi can get it in House, without one Republican vote.
MAKE the Democrats eat every penny of it.
6 feet for the big guy.
The Democrats own this. Shut down the federal government until the election fraud is corrected. During the shut-down, pay off some of the national debt, too.
Biden like the other demorat economic genius’ can’t seem
to grasp the part of how to stop debt by stopping spending.
The debt ceiling isn’t what people think. People need to learn what it really means. The spending above the debt ceiling has already been approved and will be spent. Raising the ceiling simply tells the lenders we are going to pay our debt to them so they don’t raise the interest rates on our outstanding debt. (That would be a very bad thing.)
And the other thing to know is that if congress follows the constitution and passes a budget, the debt ceiling never comes up. We only have to raise the debt ceiling because we have no budget.
Dear Visa, I just discovered that I have reached my credit limit. I don’t have any money to pay down my balance, but I really want to buy more stuff. Can you please raise my limit? Thank you. KevinB
-PJ
Oh look, DementiaJoe wants to keep spending money we don’t have while also doing his best to destroy our economy and import the third world. Democrats are even revealing Australia style control measures are acceptable to them. I watched a video on them wanting to evict all ‘unvaccinated’ people from their homes, and you can check it out top of page at Whatfinger News in crawler link. “...against all enemies, foreign and domestic...” Those words mean more now than ever before. Stolen elections have consequences and we are all learning the right now.
Filibuster requires 60 votes so no democRATs can’t pass spending without Republican help.
When they steal elections Democrats don’t consider it fraud, and since we don’t steal elections that justifies their claim that there is no such thing as election fraud.
They could possibly pay the debt if not for their insistence on handing out more and more cash to influence voters.
Child minds trapped in adult bodies (aka democRATs) don’t understand a REAL budget, where you spend within your means (aka income, salary, inheritance, whatever).
Please Explain. Exactly Why Do We Have a Shipping Crisis?
And not a peep out of Congress.
Dear Bugout Biden
Your party control all of the US Federal Government. The GOP is totally unnecessary to passing your disaster of a political agenda.
Fold him in half as a cost-saving measure.
They changed the filibuster to an actual voice filibuster. They can outlast anyone on the Republican side to get the filibuster to end.
They want a Republican to join them to give them bipartisan cover.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.