“Yellen has been able to enact accounting moves...”
Prestidigitation!
prĕs″tĭ-dĭj″ĭ-tā′shən
noun
Performance of or skill in performing magic or conjuring tricks with the hands; sleight of hand.
Default on $31 trillion? Who could believe it? Of course we’re going to default. 😆
Default is not going to happen. They are scare mongering to get their way and spend, spend, spend so they can control, control, control every aspect of our lives.
How about this for an idea
CUT SPENDING
Yellen was in Africa the other week made a speech in Zambia saying China was bad regarding debt management in Africa.
The Chinese Embassy fired back saying the US needs to get its own financial house in order.
https://freerepublic.com/focus/f-news/4125808/posts
Ah, they’ve lit another gaslight. Yellon manages money like CNN manages the truth. She’s the financial equivalent of an ignorant s***.
It's intentional!
Has Yellen already chosen a nation that won’t extradite her???
“Treasury Secretary Janet Yellen warned that the U.S. is facing a catastrophic debt crisis if lawmakers fail to raise the borrowing limit, saying the country would face a spiraling recession.” And Yellen is “nervous” about the US defaulting on debt.
Imagine calling your credit card company and telling them that if they don’t raise your limit then it will harm your ability to spend and you may default on repaying your debt. That’s essentially Yellen’s argument.
She needs to shut her yap and do her job to push the funds she has around...
Biden is currently in the mode of letting contracts authorized by the ARA...American Rescue Plan. Biden has the power to just say: Sorry, we can’t give these 10,000 contracts averaging 100 million each. We don’t have the money to cover them.
The issue is priority of expenses. Biden should pay old debts. He should not let new ARA and other contracts for new obligations. Yes, Congress passed the ARA. But let’s see th congressman who stands up and says “We should spend this money for new contracts and default on our debt.”
The issue is framed wrong. The Republicans need to know how to frame the issue.
Maybe you shouldn’t be so stupid as to borrow money to pay debt you should have never occurred?
I’m nervous that this geriatric leftist is in any position of power in DC.
If she’s so worried, what the hell is she doing in Africa? Get back to DC and do your effin job.
There will be NO default even if the debt limit is never raised again.