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Congress to raise debt ceiling today or shut down the government
I doubt the Republicans are going to do it,It's the same coin with two sides, and politics is just thievery of we the people.It's an oligarchical republic. Believe it or not.
Enjoy the dog and pony charade, folks, while they rob your savings.
serf
Congress faces another urgent deadline right on the heels of this one. The federal government is also approaching its $28.9 trillion borrowing limit, which the Treasury Department has estimated it could reach by Dec. 15. Failure to extend or lift the limit in time could trigger an economically catastrophic default.
Comments
Finding it difficult to give a dam, Just wish they would shut down all the federal bureaucracies not specified in the US CONS, so we can get our country on the right path again.
If they default, it'll be a deliberate act since the treasury will still be taking in over 325 billion a month. Which is more than enough to service the debt, pay the military, cover social security and a variety of other items. This blather is just a well used scare tactic to frighten the public.
They need to give themselves a big raise since they are working overtime to screw this great nation.
So what is bad about a government default? Won't it stop the out of control spending? That's a good thing.
Well, they passed the resolution to keep the govt funded for another 3 months. If they are going to just keep spending, why not pass a resolution for 10 years worth and quit wasting time every few months? I recall the last shutdown where half the federal employees were laid off and needed assistance to get by until they returned to work. Of course, a lot of them got back pay when they returned so in effect they got paid more in total than if they had just stayed at work. The govt has proved it is good at spending money frivolously and not wisely. But hey, it ain't their money so what do they care? Bob
look at the lame excuses for MANY of our elected by the ignorance of voters......cost cutting and downsizing govt waste is an unknown to our govt...would be interesting to see a book of how much $$$ an elected has when elected and how much they are worth when they leave govt for a luxurious retirement