Posted on 01/18/2025 7:22:09 AM PST by ABStrauss
Outgoing Treasury Secretary Janet Yellen is announcing that she's planning to take "extraordinary measures" to save the U.S. economy beginning on January 21 — the day after President-elect Donald Trump will officially begin his second term in office. Politico reported Friday that Yellen made the announcement in a letter to congressional leaders including House Speaker Mike Johnson (R-La.), Senate Majority Leader John Thune (R-S.D.), House Minority Leader Hakeem Jeffries (D-N.Y.) and Senate Minority Leader Chuck Schumer (D-N.Y.). The letter comes as the United States prepares to reach the statutory limit on borrowing, which Yellen wrote last month would happen between January 14 and January 23. She warned in that letter that the Department of the Treasury would need to take "extraordinary measures" in order to avoid a debt default, should Congress fail to raise the debt ceiling before then.
(Excerpt) Read more at msn.com ...
Wicked evil woman, the goal ultimately is to bring down the USA so that their WEF ‘god’ Klaus Schwab can bring in the Great Reset for his father Satan. The USA has proven to be stronger and more resilient than demonic Obama and his Marxist sycophants expected.
Globalist plan to overwhelm and destroy the economic systems of the West and hamstring President Trump going forward.
There is no debt ceiling to worry about if the House passes an annual budget as instructed by the Constitution. Don’t blame Democrats for something Republicans won’t do either.
The Demoncraps have sewed a mine field in order to cause our president to fail.
No more kissy face in Congress. Recognize and combat out common enemy!
She’s left behind a few traps.
She has the voce of a cartoon character and a brain to match.
We are so screwed.
I guess stop spending is not one of your options? 🧐
“By the way, Yellen is now a private citizen. “
OH? When did she resign? If she did resign effective immediately then her threat to do anything on 1-21 is moot - she is now a private citizen. Put her into a bankers box and throw her out with rest of the shredded papers.
Cancel all bonds held by China? That would be extraordinary.
Our economy will sorely miss this old incompetent windbag!
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and a midget who bows to her betters in China
It’s certainly an excellent justification for EXTREME cuts in the FedGov’t. As one of the nominees said, we don’t have a revenue problem, we have a spending problem. End all foreign aid, get rid of Education & multiple other agencies. Things will soon get put to right.
It’s not just about spending...it’s about cutting....and you have to get to the table first.
EG - She’s going to crash the economy as soon as Trump’s inaugurated so they can blame him.
Fascinating that she couldn’t figure out we were going to hit the debt ceiling in the past month...
People, where have you been.
There was a debt ceiling measure passed in 2023 specifically to extend it past the election and this is the endpoint.
The Yellen measures she is talking about are not new. These have been done many times before when debt ceiling arguments were underway and extended past the date when debt exceeded the ceiling. For this time, starting Tuesday, they will extend the time to outright default into about June.
The whole concept of ceiling started back in about 1939. It has obviously been raised relentlessly since then. The concept has been defended, mostly by conservatives, as the only instrument currently in existence to put some sort of obstacle in front of the debt total. Operative word . . . Only.
Oh and above some one said this just continues money printing. There is no QE taking place right now. There is QT underway (selling bonds in Fed inventory to drain cash from the economy) in an attempt to get the $6T Fed balance sheet shrunk back towards pre 2009 levels.
She can never outrun the “transitory” inflation nonsense that exquisitely displayed her incompetence.
The bowl broke.
She’s Jewish, so she might have.
A d FORGIVE MORE STUPID STUDENT LOANS!
And we thought DC swamp was just going to roll over as soon as Trump took office. On the contrary these bastards are evil to the core and already have strategize how to hinder Trump‘s make America first agenda. Haven’t y’all seen the video of the clapping seals lined up for Garland exit from the building? All of those bastards need to be reassigned to other parts of the country away from Trump. They have already schemed and strategize their plans to hinder Trump from advancing his agenda… they will be reusing the 2016 playbook for the second round. If the DC Metro police were not willing to help secure inauguration celebrations what does that tell you. They’re sending a message loud and clear for the American people and trump ….WE WILL OBSTRUCT YOU EVERY WHICH WAY WE CAN! These people are a cancer to society and need to be abolished. The only way is for Congress to ratify the federal employees contract implementing a dismissal/fired amendment. This is the only way Trump and the American people can get rid of those tumors inflicting and burdening the American people.
What does January 21, 2025 have to do with her taking of extraordinary measures? Why wasn’t it done 10 or 100 days ago?
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