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CNBC: There is no debt ceiling crisis, at least for now

 
YouAreDreaming
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03/27/2017 06:44 PM
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CNBC: There is no debt ceiling crisis, at least for now
There is no debt ceiling crisis, at least for now
Jeff Cox | @JeffCoxCNBCcom
8 Hours Ago


As Washington policymakers battle over President Donald Trump's cornerstone economic initiatives, they won't have to worry about the U.S. becoming a global deadbeat — yet.

The debt ceiling deadline came and went earlier this month with little of the attendant fanfare that has become the norm in recent years. That's because the government was able to employ "extraordinary measures" at its disposal to give itself the cash it needs to operate.

Consequently, the U.S. has continued to meet its obligations to creditors while keeping the doors open to the business of government.

Read More: [link to www.cnbc.com]

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Well, nothing to see here folks. 20 Trillion debt ceiling crisis does not exist. Please move along to more doomy threads.

Last Edited by YouAreDreaming on 03/27/2017 06:44 PM
Anonymous Coward
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03/27/2017 06:54 PM
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Re: CNBC: There is no debt ceiling crisis, at least for now
They gave up pretending to care about the level of debt a couple or three presidents ago. tounge Hell, what does debt mean anyway if you don't intend to ever pay it?
the deplorable ar-15 nut

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03/27/2017 06:54 PM
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Re: CNBC: There is no debt ceiling crisis, at least for now
crazyjak
We are a REPUBLIC.If we can keep it MORAN!
A pissed off American Veteran!
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03/27/2017 06:56 PM
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Re: CNBC: There is no debt ceiling crisis, at least for now
memorial day ... when the cash runs out . ..no budget deal noo tax reform , and no healthcare ...just riots @
YouAreDreaming  (OP)

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03/27/2017 06:59 PM
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Re: CNBC: There is no debt ceiling crisis, at least for now
They gave up pretending to care about the level of debt a couple or three presidents ago. tounge Hell, what does debt mean anyway if you don't intend to ever pay it?
 Quoting: Anonymous Coward 69027096


How can you pay it, it now exceeds the GDP and is dwarfed only by the derivative bubble.

I just wonder how long they can kick this can down the road before it all comes to roost.
YouAreDreaming  (OP)

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03/27/2017 07:00 PM
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Re: CNBC: There is no debt ceiling crisis, at least for now
memorial day ... when the cash runs out . ..no budget deal noo tax reform , and no healthcare ...just riots @
 Quoting: Anonymous Coward 74557382


This could be the big financial crisis we all have been watching for, but so many times it gets close they pull magic and kick the can another year.

I think it's close how much more debt can the US create before it admits bankruptcy?
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03/27/2017 07:02 PM
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Re: CNBC: There is no debt ceiling crisis, at least for now
They gave up pretending to care about the level of debt a couple or three presidents ago. tounge Hell, what does debt mean anyway if you don't intend to ever pay it?
 Quoting: Anonymous Coward 69027096


How can you pay it, it now exceeds the GDP and is dwarfed only by the derivative bubble.

I just wonder how long they can kick this can down the road before it all comes to roost.
 Quoting: YouAreDreaming


There isn't enough stuff on planet earth to sell off to pay off this debt, even if the USA Inc. owned it, which they don't.





GLP