Posted on 05/01/2023 4:45:48 PM PDT by Responsibility2nd
The US could default on its obligations as soon as June 1 if Congress doesn’t address the debt limit before then, Treasury Secretary Janet Yellen said Monday.
“After reviewing recent federal tax receipts, our best estimate is that we will be unable to continue to satisfy all of the government’s obligations by early June, and potentially as early as June 1, if Congress does not raise or suspend the debt limit before that time,” Yellen wrote in a letter to House Speaker Kevin McCarthy.
The accelerated timetable increases pressure on President Joe Biden and House Republican lawmakers to ramp up their debt ceiling discussions. After months of talks being at a standstill, the president called all four congressional leaders on Monday afternoon and invited them to a May 9 meeting.
~snip~
Talks at a standstill
Biden told the congressional leaders – Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell, House Minority Leader Hakeem Jeffries and McCarthy – that he wants to discuss the need to pass a clean bill to raise the debt ceiling.
The White House is maintaining its position that it will not negotiate over the debt ceiling.
(Excerpt) Read more at cnn.com ...
Quick! Send $150 billion dollars more to Ukraine.
In the near future, congressional hearings may start with witnesses being asked, “Are you now or have you ever been a member of the Democrat Party?”
“What did any of us do to deserve Yellen as Treasury Secretary in charge of anything and VP Kamala giggling and getting ready to sit in the Oval Office soon, and a doddering dementia sufferer as Commander in Chief?”
“A great many people never really discover themselves until ruin stares them in the face. They do not seem to know how to bring out their reserves until they are overtaken by an overwhelming disaster, or until the sight of their blighted prospects and of the wreck of their homes and happiness stirs them to the very center of their beings.... There is something in defeat which puts new determination into a man of mettle.”
Kamala in Finnish dictionary: Awful, Terrible.
GO AHEAD-MAKE MY DAY!
(This is stupid and it’s insulting that it’s framed this way... over and over again, year after year.)
Oh now. Just line up for the 6th COVID-19 shot.
Stay asleep. Do not question authority. Marry and reproduce.
Don’t worry about those drones.
Where’d you get those sunglasses 😎?
Yellen/Biden stop spending money.
Stop spending COVID money
Stop spendng American Rescue Act Money
Stop spending Inflation Reduction Act Money
Stop enforceing execssive regulation so the economy will expand and pay more taxes.
The religious rules are quite constraining to me and to millions of other good people.
How long the “turn the other cheek” “thou shalt not murder” (not kill,otherwise there would be no military or police)
and “love thy neighbor as I have loved you” (not as yourself or low self esteem and depression would make short work of that) stay in place while churches and synagogues decline in attendance, I don’t know.
Some leave due to God’s answer to a prayer being “no” as Billy Graham said in 1968.
Leftists are free to do as they wish due to atheism or agnosticism. No restraints.
Never ever worked a day in the Public Sector. Just another worthless Academia/Government Slug. Those people should be seen and not heard.
We allowed the CCP owned and operated to operate within our borders.
Stolen Elections Come At A High Cost And Bring Dire Consequences.
Good point.
Maybe it’s time to take away their credit cards.
You’re right. I shouldn’t have brought it up.
But without a real escalation most of us are still coloring within the lines and being good.
For now.
It will be bad for the markets if we don’t cave in you know.
Big Banks and Big Business won’t allow Conservatives or Libertarians to reform spending or taxes in this country.
If this were serious the government would do what any household or small business would do. Stop all discretionary spending throughout the government.
Then a "discussion" is meaningless. The other says they won't negotiate either. So forget about it and move on to the next thing. And try to ensure that everyone understands whose fault it is.
Same thing every other year to make simpletons on the Left and Right panic. It’s a ruse to cover them already far-exceeding any existing limit. McCarthy needs to say nope and the only people who will watch the MSM sob stories already vote Democrat.
Make them have epic fraud in 2024 so all can see it.
How claims like this go unchecked by elected Republicans is beyond me. United States takes in more than enough to cover its debts but it’s going to have to cut a whole lot of other things.
Hate that “lady” to no end. She should be in a rocker somewhere slurping soup through a straw.
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