“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.
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.
That's an excellent analogy.
“ 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”
THIS. Our government really is that financially irresponsible.
Mentally unstable IMO