Treasury secretary warns US could default on its debt as soon as June

[Scott]

The Treasury Department said Friday the US could default on its debt as soon as June, setting up one of the first major battles on Capitol Hill after Republicans took control of the House.

The US will reach the debt limit on January 19 and then “extraordinary measures” will need to be taken, Treasury Secretary Janet Yellen wrote in a letter to House Speaker Kevin McCarthy. She said that the Treasury Department will pursue those measures, but they will only last a limited amount of time.

https://www.cnn.com/2023/01/13/politics/debt-limit-janet-yellen-letter-to-kevin-mccarthy/index.html

[ozimoron]

It's likely that the GOP will attach a rider to the funding bill to blackmail the Dems into agreeing to cuts in social security and Obamacare then blame them for not voting for it. The dems want a clean bill.

Edited January 13, 2023 by ozimoron

[thaibeachlovers]

Hmmmm, what to cut then? Welfare, immigration enforcement, missiles for Ukraine? Decisions decisions.

Anyway, as it's spending that's up to the GOP now.

 

 

[Chomper Higgot]

24 minutes ago, thaibeachlovers said:

Hmmmm, what to cut then? Welfare, immigration enforcement, missiles for Ukraine? Decisions decisions.

Anyway, as it's spending that's up to the GOP now.

 

 

Go ahead cut welfare.

 

Do it.

 

See what happens.

[vandeventer]

18 minutes ago, Chomper Higgot said:

Go ahead cut welfare.

 

Do it.

 

See what happens.

Yes welfare, get all those lazy people back to work and with the extra money take better care of the ones that can't work.

[Bluespunk]

27 minutes ago, vandeventer said:

Yes welfare, get all those lazy people back to work and with the extra money take better care of the ones that can't work.

“This boy is Ignorance. This girl is Want. Beware them both, and all of their degree, but most of all beware this boy, for on his brow I see that written which is Doom, unless the writing be erased. Deny it!" cried the Spirit, stretching out its hand towards the city. "Slander those who tell it ye! Admit it for your factious purposes, and make it worse. And bide the end!”

 

Charles Dickens, A Christmas Carol

[Chomper Higgot]

1 hour ago, vandeventer said:

Yes welfare, get all those lazy people back to work and with the extra money take better care of the ones that can't work.

I’m in full agreement.

 

Get those Republican Controlled States off welfare:

 

https://www.businessinsider.com/red-states-are-welfare-queens-2011-8?amp

[mikebike]

1 hour ago, vandeventer said:

Yes welfare, get all those lazy people back to work and with the extra money take better care of the ones that can't work.

You do realize that unemployment in the USA is at historically low levels, right? 

[ozimoron]

5 minutes ago, mikebike said:

You do realize that unemployment in the USA is at historically low levels, right? 

Same everywhere really.

[wwest5829]

4 hours ago, vandeventer said:

Yes welfare, get all those lazy people back to work and with the extra money take better care of the ones that can't work.

Sadly, very funny. As if the economic system does not have unemployment built in. Great thinking, ignore reality … “let them die and reduce the surplus population” … Scrooge.

[ozimoron]

9 minutes ago, wwest5829 said:

Sadly, very funny. As if the economic system does not have unemployment built in. Great thinking, ignore reality … “let them die and reduce the surplus population” … Scrooge.

Since most poor Americans are minorities that's at the core of right wing political philosophy which is heavily rooted in narcissism.

 

https://onlinelibrary.wiley.com/doi/abs/10.1111/ajps.12380

 

https://www.newscientist.com/article/2151060-narcissists-arent-very-conservative-but-believe-in-inequality/

Edited January 14, 2023 by ozimoron

[ozimoron]

'Avoid at all costs': Former GOP Senate staffer raises alarms about party reviving 'disaster' debt ceiling plan

 

“Studying this in 2011 convinced us this would be a really bad idea and something we really did not want to happen,” Riedl told the Post. “We didn’t end the exercise saying, ‘This is feasible and smart.’ We said, ‘Let’s avoid this at all costs because it’s going to be a disaster.'”

 

https://www.rawstory.com/republicans-debt-ceiling-2659213624/

 

 

[swm59nj]

Yes there  are citizens in the United States that take advantage of the system. 
Not to mention all the expats that come to Thailand  from America and other western countries looking for a free ride. 

[Andrew65]

38 minutes ago, swm59nj said:

Yes there  are citizens in the United States that take advantage of the system. 
Not to mention all the expats that come to Thailand  from America and other western countries looking for a free ride. 

I didn't realise that there were any "free rides" available in Thailand for Johnny-Falang!?????

[Chomper Higgot]

1 hour ago, Andrew65 said:

I didn't realise that there were any "free rides" available in Thailand for Johnny-Falang!?????

There aren’t if these people aren’t using public roads, relying on publicly funded law and order, security and the availability of publicly educated and trained staff in hospitals and other services they use.

 

 

[Tug]

7 hours ago, vandeventer said:

Yes welfare, get all those lazy people back to work and with the extra money take better care of the ones that can't work.

Yea!and that corporate welfare and how about Donnie’s I think it was his 72 million dollar tax return now there’s the kind of welfare that needs to be addressed not hungry children living in the wealthiest country in history no sir I think those are the wrong priorities 

[RichardColeman]

Money in circulation in US - can you guess which US political party got elected in 2008 and 2020 where it starts spiking with uncontrolled spending ?? 

 

[mikebike]

9 hours ago, RichardColeman said:

Money in circulation in US - can you guess which US political party got elected in 2008 and 2020 where it starts spiking with uncontrolled spending ?? 

 

Hmmm. Those years had NOTHING to do with the Great Recession and Covid then, eh? No extra spending to fix global disasters or anything, eh? 

[nauseus]

23 hours ago, Chomper Higgot said:

I’m in full agreement.

 

Get those Republican Controlled States off welfare:

 

https://www.businessinsider.com/red-states-are-welfare-queens-2011-8?amp

Well make your mind up.

[Chomper Higgot]

52 minutes ago, nauseus said:

Well make your mind up.

I think stripping Welfare out will focus a few minds, predominantly Republicans.

[Chomper Higgot]

17 hours ago, RichardColeman said:

Money in circulation in US - can you guess which US political party got elected in 2008 and 2020 where it starts spiking with uncontrolled spending ?? 

 

‘Uncontrolled spending’ 

 

Or tax giveaways and cutting controls over tax evasion.

[nauseus]

1 hour ago, Chomper Higgot said:

‘Uncontrolled spending’ 

 

Or tax giveaways and cutting controls over tax evasion.

Uncontrolled spending.

[Chomper Higgot]

2 minutes ago, nauseus said:

Uncontrolled spending.

You need to tell all those Republican ‘Welfare Queen’ States to get to work then.

[nauseus]

3 hours ago, Chomper Higgot said:

You need to tell all those Republican ‘Welfare Queen’ States to get to work then.

 

This ‘Welfare Queen’ State categorization is too simplistic and does not consider budgets, income inequalities, poverty and unemployment within each state. 

 

The recent excessive spending by Democratic regimes involves trillions more dollars not allocated to individual states.

Edited January 15, 2023 by nauseus

[Chomper Higgot]

1 hour ago, nauseus said:

 

This ‘Welfare Queen’ State categorization is too simplistic and does not consider budgets, income inequalities, poverty and unemployment within each state. 

 

The recent excessive spending by Democratic regimes involves trillions more dollars not allocated to individual states.

Correct. 
 

Money spent on the national infrastructure will benefit everyone.

 

Tax breaks to the hyper wealthy Help only the hyper wealthy.

 

 

[ozimoron]

23 hours ago, RichardColeman said:

Money in circulation in US - can you guess which US political party got elected in 2008 and 2020 where it starts spiking with uncontrolled spending ?? 

 

Can you guess what happened in 2008 and 2020?

[JonnyF]

On 1/14/2023 at 8:06 PM, Chomper Higgot said:

There aren’t if these people aren’t using public roads, relying on publicly funded law and order, security and the availability of publicly educated and trained staff in hospitals and other services they use.

 

 

And there I was thinking I pay road tax, VAT, income tax etc. But it was all free all along. Who knew?

 

Please advise where I can get this free healthcare you speak of. ????

 

Some people are clearly living in a parallel, socialist, communist Thailand where everything is free for foreigners. 

.

[Scott]

Off-topic, troll post reported and removed.  

 

[Chomper Higgot]

7 minutes ago, JonnyF said:

And there I was thinking I pay road tax, VAT, income tax etc. But it was all free all along. Who knew?

 

Please advise where I can get this free healthcare you speak of. ????

 

Some people are clearly living in a parallel, socialist, communist Thailand where everything is free for foreigners. 

.

On the assumption you are working in Thailand then you will be paying sufficient taxes to cover the public services that you use and support your life here.

 

However, I wasn’t responding to you and as you no doubt are aware foreigners who work in Thailand are a very small faction of foreigners in Thailand.

[candide]

On 1/14/2023 at 3:17 PM, RichardColeman said:

Money in circulation in US - can you guess which US political party got elected in 2008 and 2020 where it starts spiking with uncontrolled spending ?? 

 

Remind us who was president in 2020?