WARNING: Oct 18 Debt Ceiling Breach Could Trigger Recession

SOS, different year. They throw this same temper tantrum every time they get told no....

OOOOOO recession boogey man!

Isn't worrying about this similar to worrying about having sunscreen during a tidal wave?

Ugh. I'm tired. I am so prepared that something better fucking happen. Something big. Bring it.

agreed!
Have some + Karma!

The Biden policies will be blamed, when he is finally 25th'ed 'they' will be isolated from the public guilt of the destruction caused by themselves.

But the damage will have already be done from behind the scenes by the policies of someone else, and even the current Cabinet seems remarkably similar to another's past Administration.


Who is running America in the ground, and into the hands of the 3rd World Order?



[link to www.youtube.com (secure)]


That's who.

Last Edited by Reebl on 10/05/2021 10:52 AM

It's scare tactics from Yellen...

If the Government shuts down, then we can't go to our National Parks...

No pay for the IRS to check our bank accounts...

We can't visit the White House anyways, due to that fence...

I don't see it as a biggie recession maker...

When Newt Gingrich closed down the Government, we still survived...

I say, bring it on. Let's watch the Dems squirm as big Government comes to a halt...



Last Edited by DuckNCover on 10/05/2021 10:49 AM

Well my my what WILL they do? Continue with the years long drama of kicking the can down the road?

OR actually default this time?

Oh how the government loves it's drama.

Could trigger?

Lol, she says this as we've been in an all but nonstop DEPRESSION from 2008 to now (with a notable lightening of the pain from 2016 to the start of covid under trump)

Remember folks, this is Obama's third term and he and moochelle were always fond of telling us, the jobs aren't coming back you need to learn to live with less!

Congratulations, we've all been suckered into learning to live with less.

The only people things have been booming for are regime insiders and parasitic portions of the economy like wall street and banks

They always pass something at 11:59pm because otherwise they would no longer receive a paycheck.

Scare Tactics.... Don't Go For It

Hold on there chief. Don't forget the SS payments will be late, old people eating dog food, the kids, dammit the kids won't eat lunch at school! The parks will close, the lights will go off, we'll have to rely on SpaceX to get to the ISS, the military will grind to a halt, the pain will be severe, the pain will be extensive.

And within 10 minutes we'll be in the deepest depression mankind has ever experienced.

Don't worry, they'll get their shitbill passed and you'll have to account for everything above $600 per year.

lol
without the daily infusion of billions-- we have been in a recession since 2019

don't you remember before covid how they were pumping in billions per day in REPOS

cmon man

this is a joke already

Obviously for folks like yelen we aren't there yet but for folks like us we already are...

We're spending ourselves into oblivion. Jellen said not adjusting the debt ceiling will bring on permanent damage to our economic system.

BRING IT ON. Damage it already.

The economic system is broken. We can't keep spending and borrowing on the future of the country like our parents did.

it is going to be far far worse than that... .


Popcorn time

Both Schumer and Biden voted against raising debt ceiling:

THEN-SEN. JOE BIDEN (D-DE), 2006: Because this massive accumulation of debt was predicted, because it was foreseeable, because it was unnecessary, because it was the result of willful and reckless disregard for the warnings that were given and for the fundamentals of economic management, I am voting against the debt limit increase. In the 5 years he has been in office, President Bush has added more to our foreign debt that the 42 Presidents before him. … But he refused to take responsibility for his policies. He refused to admit that a changed world demanded a change of course. His refusal has pushed us deeper and deeper into the hole. … My vote against the debt limit increase cannot change the fact that we have incurred this debt already, and will no doubt incur more. It is a statement that I refuse to be associated with the policies that brought us to this point.”

Less than 50%

[link to www.republicanleader.senate.gov (secure)]

We all know that at the very last minute Republicans will cave and raise the limit. They do this all the time. The reason why they are resisting can be explained by the following: A chicken is running away from a rooster but then thinks if she is running too fast.

It'll be ok. Yellen gonna mint a trillion dollar platinum coin and save the day lol. We live in real uncertain times. It's nuts how governments operate.

Last Edited by wirenuts7 on 10/05/2021 12:06 PM

Gee...Janet Yellin...why didn't spending the Trillion dollar a year deficit that you endorsed when you ran the Fed for Barack Obama...which CLEARLY FAILED TO HELP THE ECONOMY....not ever cause you to say....HEY SHITTING AWAY THE SIX TRILLION we shit away in the last two years isn't going to do any good....

...and then we wouldn't have a debt crisis.

The ceiling breach and not the many trillions of debt is the trigger?

They should just get rid of the debt ceiling and speed up the process of a economic collapse. It's bound to happen eventually.

Scare tactics for the sheeples.

Ask Russia what happens to countries after a failed war in Afghanistan???

Next.

Yea a total collapse of the country

Our currency WILL eventually fail. Its just a fact.
Matter of WHEN, Not if...

So get ready for that like it would happen tomorrow and youll be good. Grow your own food etc

We’re already in a recession. This would just be the catalyst that sets it over the edge and flushes everything down the shitter.

Fixed.