[ChicagoConservative27]

I think she means we need a soviet system...

[DownInFlames]

Thats where this going. These idiots want to dissolve the union and create the USSA. Who needs the constitution, congress, and the judicial system.

[Huskrrrr]

If it’s from Yellen, it’s smellin.

[brownsfan]

“I think she means we need a soviet system...”

No question about it.

[cdcdawg]

The GOP will “oppose” this by agreeing to a “different system,” then claiming that the Democrats won’t be as good as implementing it. Evidently, winning requires accepting the other side’s premises. Ugh.

[Worldtraveler once upon a time]

Greater freedom would be a fine “different system” because the Democrats and RINOs want less liberty for all.

[C210N]

could repeal the debt ceiling entirely...

Bring on the mint to strike a few new coins.

A trillion-dollar coin could be minted within hours of an emergency decision to do so, former US Mint director says

[FoxInSocks]

Or the president could raise the debt ceiling, she added, with lawmakers having the ability to veto the decision.

There was a time when the executive was a pretty weak branch of the government. The president now usurps all kinds of extra-Constitutional power and nobody seems to care. The entire federal government is pretty much out of control and frequently ignores the Constitution.

[9YearLurker]

Yeah, forget this division of powers and other stuff in the Constitution...

[Brian Griffin]

The Democrats had two years to act as Yellen apparently wishes, but the Democrats wanted to try to make the Republicans in Congress appear to be spineless bunglers yet again.

With Democrats, it’s about getting and keeping power and not about good governance.

[blackdog]

We had one. It was called "Graham-Rudman-Hollings Deficit Reduction Act"

Obama had it repealed and he signed the repeal. It worked. I think he repealed it around 2010. After that there were no more appropriations bills in congress. Just an omnibus blank check plus ten percent.

Graham-Rudman was in law starting in around 1986.

[neverevergiveup]

What we need, Janet, is to stop putting incompetent academics into positions that require real world job experience.

[mewzilla]

The only way we default is if Deep State refuses to pay the interest on the debt.

Which can still be done with incoming revenue.

And Yellen knows it.

[No Party Affiliation]

That is what she means but what is actually needed is good faith negotiations, something that the Dems are incapable of. Ever since “I won” was involved in the process they don’t think they should have to negotiate.

[LachlanMinnesota]

The first change is to not spend more than you earn.

That would mean that the central bankers would not earn as much interest on the debt, and the people of the country would not be slaves to the banking system that loans money to the government.

In Minnesota, we had a budget surplus of billions and yet we raised taxes. It is not good to allow the thralls to think they will ever be out of debt.

There are more slaves now, then there have ever been, but the chains are less visible.

The United States should take over the production of its money supply, and no leave it to the banks.

[BenLurkin]

“China for a day”

[Vaduz]

Yellen says ‘different system’ needed.

Yeah she isn’t in it nor her party it’s how this chaos got started.

Chimps in a china shop

[Myrddin]

Yellen clearly doesn't understand that the House has the Constitutional "power of the purse". When the Democrats have control of the House, taxation and spending rocket off the charts. The Republicans have the majority now and are attempting to rein in the spending. The Dems are unhappy about having their hands slapped.

[Georgia Girl 2]

Yes lets change the constitution by decree. 😆

[1Old Pro]

Yellin is as astute as Fetterman/DementedBiden/Feinstein

[Antoninus]

Here’s an idea. Why not go back to the system where Congress...you know...actually passes budget items each year that the president signs. These endless continuing resolutions are a joke.