Debt Ceiling Next Crisis To Engulf D.C.
Debt Ceiling Next Crisis To Engulf D.C.
The debt ceiling crisis is coming. The debt ceiling crisis is coming. On Friday, Janet Yellen warned that the Treasury Department, next week, will begin extraordinary measures to make sure the U.S. can meet its debt obligations past June. Prepare for the media panic. The Republicans are in charge of Congress and they will refuse to raise the debt limit and the U.S. will default and the world will end. Nay, not just the Republicans in charge. Conservative Republicans bullied Kevin McCarthy into making deals and the world is ending.
There is a humanitarian crisis at the Southern Border and there is still a baby formula crisis, but Lunch Bucket Joe Biden’s been caught hiding classified documents in the glove box of his Corvette Stingray, we need a media distraction. Something we can blame on Republicans. The debt ceiling will have to do. Call in Janet Yellen. As our Deanna told you back in October, the U.S. debt was $31.123 trillion. Well, my fellow serfs, the debt will hit $31.4 trillion on January 19, 2023
From the Washington Post:
Treasury Secretary Janet L. Yellen said Friday said that the Treasury Department will begin “extraordinary measures” next week to ensure the federal government is able to meet its payment obligations but that it cannot guarantee the United States will make it beyond early June without defaulting. White House press secretary Karine Jean-Pierre reiterated Friday that the administration will not negotiate over the debt ceiling.
Did you understand that peasants? The Biden Clan of Incompetents has obligated you to spend your hard earned dollars for more than you have and they will not negotiate with the barbarians at the gates. No, and they are not going to lower the deficit either by cutting spending. Forget about it.
Speaking of barbarians:
House Republicans are preparing a plan telling the Treasury Department what to do if Congress and the White House don’t agree to lift the nation’s debt limit later this year, underscoring the brinkmanship newly empowered conservatives will bring to the high-stakes negotiations over averting a U.S. default, according to six people aware of the internal discussions.
The plan, which was previously unreported, was part of the private deal reached this month to resolve the standoff between House conservatives and Rep. Kevin McCarthy (R-Calif.) over the election of a House speaker. Rep. Chip Roy (R-Tex.), a leading conservative who helped broker the deal, told The Washington Post that McCarthy agreed to pass a payment prioritization plan by the end of the first quarter of the year.
“Previously unreported…private deal…leading conservative…payment prioritization.” Loaded trigger words.
This whole breakfast taco is the fault of a “small faction of Conservative Republicans”, as CNBC’s Christina Wilkie warned:
Nothing good can come from Republicans negotiating, right Christina? So, just what are those dastardly Republicans planning:
In the preliminary stages of being drafted, the GOP proposal would call on the Biden administration to make only the most critical federal payments if the Treasury Department comes up against the statutory limit on what it can legally borrow. For instance, the plan is almost certain to call on the department to keep making interest payments on the debt, according to four people familiar with the internal deliberations who spoke on the condition of anonymity to describe private conversations. House Republicans’ payment prioritization plan may also stipulate that the Treasury Department should continue making payments on Social Security, Medicare and veterans benefits, as well as funding the military, two of the people said.
You can bet your bottom dollar that the military and the elderly will be told that something totally different by the duplicitous media and politicians. Scare tactics, anyone? That’s not scary enough. You need to threaten job losses and panic on Wall Street:
The emerging contingency plan shows how Republicans are preparing to threaten to not lift the nation’s debt ceiling without major spending cuts from the Biden administration. Congress must pass a law raising the current limit of $31.4 trillion or the Treasury Department can’t borrow anymore, even to pay for spending lawmakers have already authorized. Economists warn that not raising the debt limit could cause the United States to default, sparking a major panic on Wall Street and leading to millions of job losses.
That’s much scarier. Scare the serfs harder:
Such a move would be unprecedented and hugely controversial, and even releasing the plan could turn into a major political liability for the GOP. A hypothetical proposal that protects Social Security, Medicare, veterans benefits and the military would still leave out huge swaths of critical federal expenditures on things such as Medicaid, food safety inspections, border control and air traffic control, to name just a handful of thousands of programs. Democrats are also likely to accuse Republicans of prioritizing payments to U.S. bondholders — which include Chinese banks — over American citizens.
That paragraph is laughable: “food safety inspections, border control and air traffic control.” Yes, my dudes it’s all been working so well. The Biden Clan of Incompetents has done a sparkling job so far.
Don’t buy into the panic as the Democrat Media Industrial Complex blames those dirty Republicans. This clusterfeck is decades in the making. Let’s let the Conservative Republicans hand the debt ceiling this time.
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