From WSJopinion: We are finally emerging from the pandemic crisis. Let’s not plunge ourselves into a financial one, writes SecYellen.
We are finally emerging from the pandemic crisis. Let’s not plunge ourselves into a financial one.
Sept. 19, 2021 1:32 pm ETCongress has raised or suspended the country’s debt ceiling about 80 times since 1960. Now it must do so again. If not, sometime in October—it is impossible to predict precisely when—the Treasury Department’s cash balance will fall to an insufficient level, and the federal government will be unable to pay its bills.
The U.S. has always paid its bills on time, but the overwhelming consensus among economists and Treasury officials of both parties is that failing to raise the debt limit would produce widespread economic catastrophe. In a matter of days, millions of Americans could be strapped for cash. We could see indefinite delays in critical payments. Nearly 50 million seniors could stop receiving Social Security checks for a time. Troops could go unpaid. Millions of families who rely on the monthly child tax credit could see delays. America, in short, would default on its obligations.Read more: The Wall Street Journal »
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opinion SecYellen US may impose economic sanction if other country repeatedly raise its debt limit. Funny US still maintain debt limit which will eventually elevated automatically. US require other countries austerity or to sell core industry to wall street. Dual standard US.
The EU lets farm animals and people eat insectsThis year the European Food Safety Agency has ruled that three species of insects are safe for humans to eat Yet conservatives remain toxic for human consumption When did you OK this 'cause chocolate covered ants have always been available for a Valentines Gift.
Yellen urges Congress to act quickly on debt ceiling or risk ‘economic catastrophe’In an op-ed column published by the Wall Street Journal, Treasury Secretary Janet Yellen noted that Congress has never defaulted, and must not now. nice Fiat LOL Who’s ready to make history?
Democrats will put a debt limit suspension in bill that aims to prevent a government shutdownDemocrats aim to pass a bill that would temporarily fund the government and suspend the debt ceiling through the end of next year. Collect the back taxes first! Auto companies changed dealer names & voided 24-36 month parts warranties to cover up TaxEvasion IRS_CI Destroyed records 2020-007235 TIGTA TRN-2009-0433 & TRN-2010-0201
House to Vote on Spending Measure That Includes Debt-Limit SuspensionDemocratic leaders said Monday they would attach a suspension of the debt limit through December 2022 to a short-term spending bill the House is expected to vote on this week good 💰💵
Congress returns to work facing major decisions on Biden's agenda and infrastructureCongress gets back to work Monday facing several major decisions that will test Democratic unity in the coming weeks as lawmakers vote on President Joe Biden’s domestic agenda, routine funding for the federal government and the size of the federal debt.
good Where’s the money coming from! Please read Article 4 of the 14thAMENDMENT