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orangefire25 09/28/21 7:35:21 PM #1: |
So apparently the federal government may default on our debt, anyone worried about this?
https://vm.tiktok.com/ZMRWEnqP8/ May cause suspension of paying out any and all government programs like SS, Medicare, medicaid, and fuck up many financial markets. We raised the debt ceiling 75 times before, and if we don't do it yet again very soon we may default. Fun stuff. Oh this could even affect mortgage interest rates. --- "My lord, even 'the bud' slips into alcoholism these days." - AlCalavicci ... Copied to Clipboard!
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#2 | Post #2 was unavailable or deleted. |
TheRadiant 09/28/21 7:36:18 PM #3: |
The GOP doesn't want to pay debt that it accrued under Trump because now it'll make Biden look bad
--- She/her ... Copied to Clipboard!
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MabusIncarnate 09/28/21 7:36:23 PM #4: |
Isn't that going to halt pay to our military personnel also?
--- Above us lay the burdens, Below us lay the truths. We're somewhere in the middle, and we're all discontent too. Slayer_22 picked waifu - https://ibb.co/WD8p1Kz ... Copied to Clipboard!
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orangefire25 09/28/21 7:46:44 PM #5: |
MabusIncarnate posted...
Isn't that going to halt pay to our military personnel also?Yes, any federal employees. --- "My lord, even 'the bud' slips into alcoholism these days." - AlCalavicci ... Copied to Clipboard!
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UnholyMudcrab 09/28/21 7:47:08 PM #6: |
The GOP is a menace
--- ... Copied to Clipboard!
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Garioshi 09/28/21 7:47:36 PM #7: |
My lab isn't happy about it because NIST will shut down
--- "I play with myself" - Darklit_Minuet, 2018 ... Copied to Clipboard!
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orangefire25 09/28/21 7:48:07 PM #8: |
metallica846 posted...
Not a good look for the republicans.This does not matter as the average American will blame dems and Biden because they are "in charge" atm --- "My lord, even 'the bud' slips into alcoholism these days." - AlCalavicci ... Copied to Clipboard!
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PaunchyTurtle53 09/28/21 7:48:16 PM #9: |
But hey don't worry guys, the government doesn't have a spending problem at all. $3.5 trillion dollar bill? Pshhh, no biggie.
--- The best advice my dad ever gave me was, "Life's full of idiots, don't be one." ... Copied to Clipboard!
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orangefire25 09/28/21 7:51:44 PM #10: |
Do I have this right, dems in the house have introduced infrastructure bills that would need the debt ceiling raised, which is common ish, and the senate isn't allowing it, so passing the bills would then result in a defaulting on our debt? So we can't pass the bill(s) no matter how important they are or aren't.
--- "My lord, even 'the bud' slips into alcoholism these days." - AlCalavicci ... Copied to Clipboard!
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orangefire25 09/28/21 8:23:03 PM #11: |
Bump
--- "My lord, even 'the bud' slips into alcoholism these days." - AlCalavicci ... Copied to Clipboard!
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Antifar 09/28/21 8:27:30 PM #12: |
orangefire25 posted...
Do I have this right, dems in the house have introduced infrastructure bills that would need the debt ceiling raisedBut also our existing spending from bills already passed needs the debt ceiling raised --- kin to all that throbs ... Copied to Clipboard!
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Proto_Spark 09/28/21 8:27:43 PM #13: |
PaunchyTurtle53 posted...
But hey don't worry guys, the government doesn't have a spending problem at all. $3.5 trillion dollar bill? Pshhh, no biggie. The republicans are refusing to raise the debt ceiling and threatening to default on loans as a way to spite Biden, it has nothing to do with Biden's infrastructure bill that was both needed and decades overdue. orangefire25 posted... Do I have this right, dems in the house have introduced infrastructure bills that would need the debt ceiling raised, which is common ish, and the senate isn't allowing it, so passing the bills would then result in a defaulting on our debt? So we can't pass the bill(s) no matter how important they are or aren't. Raising the debt ceiling is a fairly common routine in the federal government (it happened 3 times under Trump) so it isn't really about the infrastructure bill. Its entire Republicans not being happy their guy didn't win, so they are going to ruin our recovery from the last recession (which the republicans were on their way to causing if it wasn't for COVID) and likely take the entire world economy with it, in order to spite the Democrats for not letting them be fascists. And it's probably gonna work. ... Copied to Clipboard!
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ehhwhatever 09/28/21 8:27:44 PM #14: |
Kids are problem solvers. Really?
--- no those aren't granny glasses, granny glasses hid something. ... Copied to Clipboard!
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orangefire25 09/28/21 8:28:13 PM #15: |
Antifar posted...
But also our existing spending from bills already passed needs the debt ceiling raisedAnd the senate is refusing. --- "My lord, even 'the bud' slips into alcoholism these days." - AlCalavicci ... Copied to Clipboard!
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Antifar 09/28/21 8:30:15 PM #16: |
orangefire25 posted...
And the senate is refusing.Half the Senate. The other half(+tiebreaker) is refusing to do away with the filibuster that would allow them to raise it on their own. --- kin to all that throbs ... Copied to Clipboard!
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orangefire25 09/28/21 8:33:32 PM #17: |
Got it. This just also sucks because like I said ultimately most people are gonna just blame dems and Biden because they have the office.
--- "My lord, even 'the bud' slips into alcoholism these days." - AlCalavicci ... Copied to Clipboard!
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GreadaTreaty 09/28/21 8:34:39 PM #18: |
tbh, we should just tell China to take their debt and shove it.
... Copied to Clipboard!
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PaunchyTurtle53 09/28/21 8:34:45 PM #19: |
orangefire25 posted...
Got it. This just also sucks because like I said ultimately most people are gonna just blame dems and Biden because they have the office.Good. --- The best advice my dad ever gave me was, "Life's full of idiots, don't be one." ... Copied to Clipboard!
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Antifar 09/28/21 8:34:54 PM #20: |
orangefire25 posted...
Got it. This just also sucks because like I said ultimately most people are gonna just blame dems and Biden because they have the office. Right. Which is why it would be suicidal for Democrats to let the filibuster stand in the way of raising or just plain eliminating the debt ceiling. --- kin to all that throbs ... Copied to Clipboard!
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PaunchyTurtle53 09/28/21 8:35:40 PM #21: |
GreadaTreaty posted...
tbh, we should just tell China to take their debt and shove it. WWIII Speedrun any% glitchless October 2021 --- The best advice my dad ever gave me was, "Life's full of idiots, don't be one." ... Copied to Clipboard!
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ScazarMeltex 09/28/21 8:35:46 PM #22: |
GreadaTreaty posted...
tbh, we should just tell China to take their debt and shove it.I'm not sure you understand how this works. --- "If you wish to converse with me define your terms" Voltaire ... Copied to Clipboard!
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Proto_Spark 09/28/21 8:35:46 PM #23: |
GreadaTreaty posted...
tbh, we should just tell China to take their debt and shove it. Honestly, If China calls in its debts, it'll be screwed over about as much as America is. Its economy is basically dependent on the cheap **** it makes to sell to mostly the States. ... Copied to Clipboard!
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Questionmarktarius 09/28/21 8:36:11 PM #24: |
This is why we need a Balanced Budget Amendment.
... Copied to Clipboard!
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orangefire25 09/28/21 8:36:16 PM #25: |
Antifar posted...
Right. Which is why it would be suicidal for Democrats to let the filibuster stand in the way of raising or just plain eliminating the debt ceiling.So how do they get rid of it? --- "My lord, even 'the bud' slips into alcoholism these days." - AlCalavicci ... Copied to Clipboard!
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ElatedVenusaur 09/28/21 8:37:38 PM #26: |
A shutdown wouldnt be a huge problem: theyre bad, they hurt the economy, but theyve happened before.
A default; however, would be cataclysmic. The global economy is more or less based upon US Treasury T-Bills as a financial reserve and the American dollar as a global medium of exchange. A default could upend the entire global economy. The problems the Dems face are as follows: 1) The Senate cannot pass anything without 60 votes unless via reconciliation 2) The Dems can use reconciliation once per fiscal year and have slavishly adhered to the whims of the unelected Senate parliamentarian whom they could replace at any time for any reason 3) They used one reconciliation bill for the economic relief passage earlier this year. The second is earmarked for a massive human infrastructure and environmental bill 4) The passage of a modest hard infrastructure bill that moderates want is being hinged upon the reconciliation bill by progressives who have the votes to torpedo the smaller bill unless their preferred bill is also passed 5) The Republicans are fundamentally bad actors who will demand all sorts of odious stuff in exchange for averting default. It is unlikely they will budge, because they would be happy to blame Biden for anything and everything bad that happens, especially if its their fault. --- She/her ... Copied to Clipboard!
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Antifar 09/28/21 8:38:11 PM #27: |
orangefire25 posted...
So how do they get rid of it?Just pass a law to repeal it instead of playing chicken with Republicans over defaulting every three years. It'd be that simple. --- kin to all that throbs ... Copied to Clipboard!
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TheRadiant 09/28/21 8:49:12 PM #28: |
It's funny how even when not in charge Republicans still get to make all the decisions
--- She/her ... Copied to Clipboard!
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orangefire25 09/28/21 8:49:28 PM #29: |
Antifar posted...
Just pass a law to repeal it instead of playing chicken with Republicans over defaulting every three years. It'd be that simple.Seems like it wouldn't pass that easy though. --- "My lord, even 'the bud' slips into alcoholism these days." - AlCalavicci ... Copied to Clipboard!
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Teh_Dr_Phil 09/28/21 8:49:56 PM #30: |
metallica846 posted...
Not a good look for the republicans.lmao you underestimate the mental gymnastics rednecks will pull to pin this on the dems --- Yep. ... Copied to Clipboard!
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CADE FOSTER 09/28/21 8:50:34 PM #31: |
Spineless dems never take the nuclear option and we need to gop is evil as satan they support terrorists and wannabe fascists
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orangefire25 09/28/21 8:54:44 PM #33: |
ElatedVenusaur posted...
A shutdown wouldnt be a huge problem: theyre bad, they hurt the economy, but theyve happened before.Yeah. What I need? For the government to not fucking default. What I want? The infrastructure bills to pass. But I'm literally at a point where I'm more worried about protecting what we have I guess. --- "My lord, even 'the bud' slips into alcoholism these days." - AlCalavicci ... Copied to Clipboard!
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gunplagirl 09/28/21 8:56:20 PM #34: |
Teh_Dr_Phil posted...
lmao you underestimate the mental gymnastics rednecks will pull to pin this on the demsIt's not mental gymnastics if they genuinely don't know. Because most don't. --- tfw no big tiddy goth vampire gf who lactates blood - viewmaster_pi ... Copied to Clipboard!
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DarthAragorn 09/28/21 8:57:48 PM #35: |
TheRadiant posted...
It's funny how even when not in charge Republicans still get to make all the decisionsIt's so fucking stupid Our shitty system of government giving power to land instead of people --- MSI MEG X570 Unify | Ryzen 7 5800X | 32GB DDR4-3600 | RTX 3080 Samsung Odyssey G7 32" - 1440p, 240hz, GSync ... Copied to Clipboard!
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PaunchyTurtle53 09/28/21 9:03:19 PM #36: |
CADE FOSTER posted...
Spineless dems never take the nuclear option and we need to gop is evil as satan they support terrorists and wannabe fascistsHaha. Hilarious considering how Biden's botched Afghanistan withdrawal led to the Taliban, a known terrorist group, to now have all sorts of top notch military armaments. Biden sure is building the Taliban back better alright. --- The best advice my dad ever gave me was, "Life's full of idiots, don't be one." ... Copied to Clipboard!
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ScazarMeltex 09/28/21 9:03:22 PM #37: |
DarthAragorn posted...
It's so fucking stupidThere is a reason that pretty much every other democracy (inb4 ITs a RePublIC) that came after the US did not use our system. Parliamentary system are far better at forcing cooperation and providing proper representation for it's citizens. --- "If you wish to converse with me define your terms" Voltaire ... Copied to Clipboard!
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Tropicalwood 09/28/21 9:06:19 PM #38: |
PaunchyTurtle53 posted...
Haha.I can't believe Biden got away with stealing Boris Johnson's platform. --- ayy lmao ayy lmao || oaml oaml yya yya ayy lmao ayy lmao || oaml oaml yya yya ... Copied to Clipboard!
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PaunchyTurtle53 09/28/21 9:08:11 PM #39: |
Tropicalwood posted...
I can't believe Biden got away with stealing Boris Johnson's platform.Deflect, deflect, deflect. I forgot Biden is the Messiah who is without fault. My bad. --- The best advice my dad ever gave me was, "Life's full of idiots, don't be one." ... Copied to Clipboard!
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Antifar 09/28/21 9:09:46 PM #40: |
Withdrawing from Afghanistan was the best idea Donald Trump had all presidency, and it's Biden had the courage to stand up to the hawks and actually carry it out.
--- kin to all that throbs ... Copied to Clipboard!
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hockeybub89 09/28/21 9:11:03 PM #41: |
Any conservative in the house want to explain why we have to stop raising the debt ceiling now, but it was fine 2017-2020?
--- ... Copied to Clipboard!
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tremain07 09/28/21 9:11:27 PM #42: |
If this happens what's the selling point going to be for Dems next year to the public? Vote for us and maybe we won't get fucked by republicans, again? Even if some people know this the media sure as shit isn't gonna let that fly any attempt at pointing at republican obstructionism for failures this year is going to be brushed off as Democrats looking pathetic and disorganized, especially when they play those clips of Pelosi saying we need Republicans.
--- A worthless existence ... Copied to Clipboard!
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CommunismFTW 09/28/21 9:12:17 PM #43: |
metallica846 posted...
Not a good look for this country --- Since only from below can one better see the heights. https://imgur.com/OhZgm ... Copied to Clipboard!
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PaunchyTurtle53 09/28/21 9:12:48 PM #44: |
Antifar posted...
Withdrawing from Afghanistan was the best idea Donald Trump had all presidency, and it's Biden had the courage to stand up to the hawks and actually carry it out.Courage? There's nothing couragous about that withered, dementia ridden old man. He botched it on a scale many people thought unimaginable. --- The best advice my dad ever gave me was, "Life's full of idiots, don't be one." ... Copied to Clipboard!
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UnholyMudcrab 09/28/21 9:13:01 PM #45: |
hockeybub89 posted...
Any conservative in the house want to explain why we have to stop raising the debt ceiling now, but it was fine 2017-2020? *angry MAGA noises* --- ... Copied to Clipboard!
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Lunar_Savage 09/28/21 9:14:06 PM #46: |
I'm just laughing my ass off at this entire situation.
And it's even funnier considering there are people that actually want to say it was ever acceptable to keep adding to national debt in the first place. --- Number of Mega Cookies given: (::::) 33 *Tips top hat, adjusts monocle, and walks away with a cane.* And yes, that IS Mr. Peanut laying unconscious on the curb ... Copied to Clipboard!
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Antifar 09/28/21 9:14:35 PM #47: |
hockeybub89 posted...
Any conservative in the house want to explain why we have to stop raising the debt ceiling now, but it was fine 2017-2020?They don't have to explain it. They'll do it whether you think they're hypocrites or not. --- kin to all that throbs ... Copied to Clipboard!
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Tropicalwood 09/28/21 9:14:59 PM #48: |
Antifar posted...
Withdrawing from Afghanistan was the best idea Donald Trump had all presidency, and it's Biden had the courage to stand up to the hawks and actually carry it out.One hell of an exist considering he ordered the murder of ten people including aid workers and 7 children a month after the exist. --- ayy lmao ayy lmao || oaml oaml yya yya ayy lmao ayy lmao || oaml oaml yya yya ... Copied to Clipboard!
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Irony 09/28/21 9:15:38 PM #49: |
Antifar posted...
Withdrawing from Afghanistan was the best idea Donald Trump had all presidency, and it's Biden had the courage to stand up to the hawks and actually carry it out.Tbf Trump only wanted to do it because he thought it was the wrong decision --- I am Mogar, God of Irony and The Devourer of Topics. ... Copied to Clipboard!
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Antifar 09/28/21 9:17:24 PM #50: |
Tropicalwood posted...
One hell of an exist considering he ordered the murder of ten people including aid workers and 7 children a month after the exist.The alternative to withdrawal was ten more years of strikes just like that. That's what War in Afghanistan was, and what continuation of it would have meant. --- kin to all that throbs ... Copied to Clipboard!
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