Debt Ceiling: McConnell & GOP make deal to avoid filibuster, Dems pass raise till 2023

[Rell Lauren]

doesnt two months give schumer all the time in the world, for the dems to do it themself? seems completely reasonable

take the time, go it alone, and then brag about saving the country from defaulting because republicans are deadbeats and losers who dont care about the country

Raising the debt ceiling and giving the Fed permission to continuously print doesn't save the country. You create a generation of debtors with a devalued currency as the full faith and credit of the US Dollar is at risk. The only reason that it hasn't collapsed is because it is the main fiat currency on the planet. Any transaction done has to be converted to USD. A default doesn't mean the country can't pay it's bills (whatever the hell that means). It would make US bonds a much more riskier asset for those that hold it (CCP, UAE and Japan). It would force the government to tighten it's belt. When you have old buzzards like Yellen and Biden talking about raising the ceiling, it raises the issue with being governed by a gerontocracy. The people making the decisions today will not be alive to see the consequences of them tomorrow. MMT is a destructive economic philosophy. A default might ultimately be best. There has to be pain and tough decisions made with how the economy is run. This isn't capitalism.

 

[Pressure]

Raising the debt ceiling and giving the Fed permission to continuously print doesn't save the country. You create a generation of debtors with a devalued currency as the full faith and credit of the US Dollar is at risk. The only reason that it hasn't collapsed is because it is the main fiat currency on the planet. Any transaction done has to be converted to USD. A default doesn't mean the country can't pay it's bills (whatever the hell that means). It would make US bonds a much more riskier asset for those that hold it (CCP, UAE and Japan). It would force the government to tighten it's belt. When you have old buzzards like Yellen and Biden talking about raising the ceiling, it raises the issue with being governed by a gerontocracy. The people making the decisions today will not be alive to see the consequences of them tomorrow. MMT is a destructive economic philosophy. A default might ultimately be best. There has to be pain and tough decisions made with how the economy is run. This isn't capitalism.

Didn't hear any of this from you when the GOP created 8T in debt.
Go sit in the corner.

 

[Rell Lauren]

Didn't hear any of this from you when the GOP created 8T in debt.
Go sit in the corner.

Suck dikk. At what point did I bring up GOP? Keep that bullshyt in TLR.

Bunch of nikkas that have no concept of how currency works nor standing. Y'all fakkits think y'all know more than you really do. That's the problem with HL.

 

[Pressure]

Suck dikk. At what point did I bring up GOP? Keep that bullshyt in TLR.

Bunch of nikkas that have no concept of how currency works nor standing. Y'all fakkits think y'all know more than you really do. That's the problem with HL.

Again, where were these complaints under Republicans...

I'm Black. Tell me why I should be against Trump or any Republican? Registered Republican BTW.

You ain't slick c00n.

 

[Outlaw]

Raising the debt ceiling and giving the Fed permission to continuously print doesn't save the country. You create a generation of debtors with a devalued currency as the full faith and credit of the US Dollar is at risk. The only reason that it hasn't collapsed is because it is the main fiat currency on the planet. Any transaction done has to be converted to USD. A default doesn't mean the country can't pay it's bills (whatever the hell that means). It would make US bonds a much more riskier asset for those that hold it (CCP, UAE and Japan). It would force the government to tighten it's belt. When you have old buzzards like Yellen and Biden talking about raising the ceiling, it raises the issue with being governed by a gerontocracy. The people making the decisions today will not be alive to see the consequences of them tomorrow. MMT is a destructive economic philosophy. A default might ultimately be best. There has to be pain and tough decisions made with how the economy is run. This isn't capitalism.

How would a default ultimately be for the best?

 

[Outlaw]

Again, where were these complaints under Republicans...



You ain't slick c00n.

Ah he’s just repeating right wing fear mongering. The debt is only a problem when Democrats hold power or when the safety net for the poor can be strengthened. There’s none of this pearl clutching when massive tax cuts for the rich are passed.

 

[Pressure]

How would a default ultimately be for the best?

You're arguing with a nikka whose parents paid off his college.

Correct. When I was going to pledge Omega, I needed 3K. Safe to say, I didn't. Could not ask for more money after my parents were paying for school.

You borrow something you pay it back. For education costs to go down, the government needs to get out of the student loan business. I don't agree with absolving people's debt. You need to be aware of the consequences of choosing certain fields of study. Go to a cheaper school or community college to knock out prerequisites. My parents made the decision for me to go to a cheaper school. Some parents need to make that decision for their kid.

Paid 75% of it. My parents took care of the rest. Only graduated with 30k in debt which will be fully paid off in the next two years.

Did you pay your parents back?

 

[Pressure]

Ah he’s just repeating right wing fear mongering. The debt is only a problem when Democrats hold power or when the safety net for the poor can be strengthened. There’s none of this pearl clutching when massive tax cuts for the rich are passed.

He doesn't even know what he's talking about

 

[Pressure]

I can't even fathom dudes talking about paying down debt, then advocating against the very measures that allow for debt to be paid down.

 

[FAH1223]

 

[Hood Critic]

Meant to post this here:

 

[Hood Critic]

 

[NZA]

i guess rightwing coli posters want a default so they can finally use their prepper rations

 

[DJ Paul's Arm]

Jen Psaki always with the ether

 

[FAH1223]