Quote from: cryptosize on July 18, 2023, 10:41:47 AM

https://www.tekedia.com/us-debt-increases-by-210-billion-in-two-weeks/

thanks for the link i knew i had seen the story somewhere!

The Congressional Budget Office (CBO) estimates that the Treasury will run out of cash and borrowing authority by October or November 2023, unless Congress acts to raise or suspend the debt ceiling. If that happens, the US would face an unprecedented default on its debt, which could trigger a global financial crisis and a severe recession.

you can thank biden and the democrats for wanting to pay off everyone's student loans plus all the free handouts immigrants are getting plus probably alot of other free cash programs for all of this. Shocked

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This is not sustainable...

yeah it's become ridiculous. i mean, it's like they raised the debt ceiling just so they could borrow more money to hand out. and then they'll need to do it again later this year. OR ELSE. all the rhetoric about tightening up the spending belt was pure BS.

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Nothing lasts forever (not even Bitcoin, but the USD is already geriatric compared to BTC).

i thought they had a plan in place to reduce spending but I GUESS NOT!