⭐ Merited by vapourminer (1)
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.
We have had this exact news story at least twice a year for decades. We raise the limit, we spend with abandon, we come close to the limit, we risk a shutdown (occasionally we do shutdown), we raise the limit, we repeat endlessly. This has nothing to do with Biden, and everything to do with our completely broken political system being bought out by the oligarchs who actually run this country.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.
Let's blame this on the student debts, will we? Let's ignore the trillions in evaded taxes from said oligarchs? Let's ignore the billions in PPP loans which they took and then wrote off? Let's ignore that we have to subsidize people in full time employment because these billionaires won't pay them a reasonable wage?
all the rhetoric about tightening up the spending belt was pure BS.
Of course it was. Next time there is a bank needing bailed out, the money printer will start up again without hesitation.biden has to be the worst president ever in us history about how he doesn't care about the devaluation of the us dollar.
Lol. Yeah, definitely Biden's fault. We'll just ignore the Trump tax cuts for the rich which cost 5x what student debt forgiveness is going to cost, shall we? 