Jump to content

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


Scott
 Share

Recommended Posts

image.png

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

CNN-logo-July-4-2020-e1593906141959-300x

Link to post
Share on other sites

'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/

 

 

  • Like 1
Link to post
Share on other sites

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!?🙂

  • Like 1
  • Thanks 1
Link to post
Share on other sites

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 ?? 

 

united-states-money-supply-m0.png?s=unitedstamonsupm0&v=202201011006V20200908&d1=19970127

‘Uncontrolled spending’ 

 

Or tax giveaways and cutting controls over tax evasion.

  • Like 1
Link to post
Share on other sites

1 hour ago, Chomper Higgot said:

‘Uncontrolled spending’ 

 

Or tax giveaways and cutting controls over tax evasion.

Uncontrolled spending.

  • Like 1
  • Thanks 1
Link to post
Share on other sites

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 by nauseus
  • Thumbs Up 2
Link to post
Share on other sites

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 ?? 

 

united-states-money-supply-m0.png?s=unitedstamonsupm0&v=202201011006V20200908&d1=19970127

Can you guess what happened in 2008 and 2020?

  • Like 1
Link to post
Share on other sites

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.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.

[
×
×
  • Create New...