Here’s how experts say the Debt Default may impact US citizens
The U.S. government on Thursday ran up against its legal borrowing capacity of $31.381 trillion, and the Treasury Department began implementing “extraordinary measures” to avoid a default.
Пікірлер: 1 300
Why don't we start with having all these millionaire politicians who have created this problem start paying for it out of their own pockets?
The very first cuts that need to be made is to CONGRESSIONAL SALARIES! They are overvalued and overpaid!
@blakethegreatone2058
Жыл бұрын
Lol. That won't happen. Ever.
@ronaldnorris2179
Жыл бұрын
Only job I know of where you can vote your own selves a raise!!!
@tubethenoob627
Жыл бұрын
They don’t make their fortunes from their “salaries.” Cut it to zero and they’d still all become millionaires. I would say look at Pelosi but really, it’s all of them.
@quartqwertbudisgood
Жыл бұрын
Tip of the ice berg, get ready for a digital currency.
@Bigmoesif
Жыл бұрын
I bet they give themselves a raise.
The first thing to happen is congress should not get paid. And no back pay when things are resolved. The created this mess they should suffer.
@kronicdragon7381
Жыл бұрын
EXACTLY
@rodneymiller5926
Жыл бұрын
Lol yeah right, they are your rulers and they farm you for dollars.
@juwest7756
Жыл бұрын
You sir have said the most smartest thing on this chat yet it's both sides fault and this mess happens every year around tax time and they want to give people the minimum working hard when stocks been low but yet they're pockets won't be in trouble right theyre investments are to the banks and brokers this won't impact the working class citizens watch as long as a building road school or anything they invest in we'll make money taxes they'll take most of your tax money
@dennisnowak2605
Жыл бұрын
The funny thing about this comment is that when the government does shut down and government employees are either forced to work with their pay delayed or put on furlough these jokers are immune and will get their checks normally.
@letitiaabuckley7968
Жыл бұрын
I am so sick of all of them, Never affects them!!! Just the regular Joe blows!!🤬🤬🤬🤬🤬
Really? The US Govt doesn’t have tax money to pay its bills? It has plenty of tax dollars to fund all kinds of hair brained donor deals, keep one of the LARGEST employee counts in the country, and still have enough to treat itself to a life of luxury, licentiousness, and corruption.
@karmasutra4774
Жыл бұрын
What about the 75,000 IRS agents they said they were hiring too
@celticseaalchemist7667
Жыл бұрын
@@karmasutra4774 that's over the next 10 years. In that 10 years, 50,000 agents will be retiring. Also the IRS was severely reduced during the last administration so they need to hire more people to cover the staffing deficit.
@ghostfifth
Жыл бұрын
They've always just printed more
@v.m.8472
Жыл бұрын
@@karmasutra4774 best idea of all!
@blakethegreatone2058
Жыл бұрын
@@celticseaalchemist7667 no staffing deficit. That was a lie perpetrated by the media to make people think it was a good thing they were hiring 80k armed employees to subjugate the masses in their pursuit to extort all the money from Americans.
How the hell are we in debt but still helping countries with 2.5 billion dollars???
@richminor3081
Жыл бұрын
That's how we got in this mess !
@kimlarso
Жыл бұрын
Think of the Trillion spent for the useless 20 yrs in Afghanistan! No wonder Americans will always be a target bc we’re Guilty by Associations
@leonardodakimchi
Жыл бұрын
100 billion
@thomascole891
Жыл бұрын
We borrow money from china, then give them foreign aid.
@bradleysmith9431
Жыл бұрын
It's almost like the u.s. government is intentionally trying to bankrupt america and make it fall... Almost... Oh wait
We The People are The Government. The day Americans began to view the Government as a third party, that third party became an oppressor.
@government_is_violence
Жыл бұрын
no the people are NOT the government its an illegitimate system with political parasites that think they have some imaginary "authority" thanks to "you the people" more like you the sheeple
@hayaq9991
Жыл бұрын
Im black so thats been since birth
@Jbeeze82
Жыл бұрын
You mean we the same people that love Amrikkka giving trillions to the Ukrainian Nazis with all red,white,blue love?? Yeah Amerikkka has nobody to invade anymore. Russia,china north Korea will end the Amerikkkan dollar that's what the war is about.
Everything is free until Everything cost more than you can afford.
@donaldabel1233
Жыл бұрын
you can't tell the mall crowds anything. they'll continue to try to look rich any way possible
@tylerkriesel8590
Жыл бұрын
Socialism works great until you run out of other people’s money.
They just spent $1.7 trillion of our tax dollars last month. When is it ever enough?
@underground9260
Жыл бұрын
Apparently never! Our government hasn’t had a balance budget since Bill Clinton has left office.
@generaleerelativity9524
Жыл бұрын
What's wrong? You don't like ol' Joseph and Co. Laundering your tax dollars?
@jbfane
Жыл бұрын
For the greedy politicians it is never enough.
@fck45
Жыл бұрын
@@generaleerelativity9524 Trump created almost 8 billion add on debt with TAX breaks for rich that meant WE had to pick up the tab!!!
@caweso8321
Жыл бұрын
@@fck45 Still better than 120 Billion to Ukraine thus far. Who pays that tab?
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@Soboj-oy8me
Жыл бұрын
yeah investment is the key to sustaining your financial longevity but venturing into any legitimate Investment without a proper guidance of an expert can lead to a great loss too
@philominafashi1662
Жыл бұрын
Hello I'm new here, what exactly kind of investment are you talking about here please I'm interested too
@manitizlucia7988
Жыл бұрын
Obviously these investment requires much cash and concentration to start?
@adasohas
Жыл бұрын
you're right Forex trading is surely a lucrative way to invest whether you want growth, leverage, stable income or something in between.
@user-cd6ny9yp9y
Жыл бұрын
yeah for sure, honestly I made 62,800 dollars within 6days of trading with Bit coin.
Cut salary for those in office, their not doing anything anyway. 😢
@gwills9337
Жыл бұрын
They get most of their wealth through bribes anyway
hold all these politicians accountable we the people of America did not choose this!!!!
@generaleerelativity9524
Жыл бұрын
Don't worry, we'll get the experts on it right away. Didn't ya hear Dr. Horselips? Hims educated on the matter and hims gone tell you bout it boss!
@government_is_violence
Жыл бұрын
yes you did by voting for government, its your own damn fault for believing in its mythical "authority"
@TJV-ix6jj
Жыл бұрын
@@generaleerelativity9524 you stoopit lol
@vladimirofsvalbard9477
Жыл бұрын
Of course they did, people make a country bud. Blaming politicians and not the citizens is ridiculous lol
Dep of Labor changed rule and allows companies to use 401k plans to be used for “moral” investments instead of being protected by the law made by Congress. A bureaucratic department should not be allowed to break laws set by Congress.
Everyone else in America has to know how to balance their budget. Somehow for Govt it’s optional
@Hollywood041
Жыл бұрын
Yes, very good. Nations are not people and operate in a different way, excellent point.
@adjwindu70
Жыл бұрын
Yes. Because debt ceilings are imposed on regular people. Such as credit cards and loans. No one has put a ceiling on the feds except the feds.
@SapphireZeev36
Жыл бұрын
@Meme Memeson I think all of congress should be replaced by a bunch of grandmothers with just good old world common sense.
If congress can’t do their job. Make them work for free till our money is back in order.
@kellanaldous7092
Жыл бұрын
They wouldn't mind, most of their pay comes from insider trading anyway. 🤷♂️
@maryvernon6411
Жыл бұрын
💯 exactly 💯
@TinyGoHomes
Жыл бұрын
@@kellanaldous7092 lol yeh eh
All of what she said as already happened and still happening….I just love how they’re always late with information
@tdan6828
Жыл бұрын
Because they don't deal with it lol
@MH-bw9zt
Жыл бұрын
No lol. You have no idea what would happen. You think things are and now? This will collapse the economy and it will be the fault of Republicans. And of course they'll blame dems for it and the conservative sheep will believe them.
@dalegehrking2862
Жыл бұрын
No they don't deal, they steal. The woke really need to wake up. They will have to pay as well as the rest of us. No free ride.
@SquanchyCatDad
Жыл бұрын
They have no choice but to admit it before it gets really bad.
@MH-bw9zt
Жыл бұрын
@@SquanchyCatDad it wouldn't get as bad if Republicans didn't do bs like this. The point is people complain about the dems on the economy, and with good reason, but at the same time they're blind and delusional and think Republicans actually know about how to help Americans and start to turn the economy around. They dont.. everything they are doing is going to make things significantly worse for most people. It's why Republicans didn't even bother to lay out proposals on the economy during the midterm campaigns, and instead tried to distract by drumming up the culture war. If they told people their true plans, they wouldn't have even won the house back
So embarrassing. We see the government send countries billions of dollars over the years, but can’t afford to pay their own bills 🙄 IRRESPONSIBLE AND EMBARRASSING
@high-intelligence111
Жыл бұрын
From other countries, it's paid back with interest later on, unless we need the country for strategics.
@lanceluna9781
Жыл бұрын
And the trillion dollars of tax cuts we hand out to the wealthiest people at the top.
THANK YOU DEMOCRATS AN YOUR SPENDING LETS NOT FORGET THAT…
@kellanaldous7092
Жыл бұрын
Right, because the debt didn't increase under Trump and Bush....and bush....and Reagan....
Yet no tax loopholes are being closed for corporations and big businesses. Requiring them to pay their share of taxes would stop the need to borrow money.
@fck45
Жыл бұрын
Trump gave them HUGE tax breaks and it created even MORE debt
Crazy, I was told money doesn’t grow on trees, clearly it does for the government.
@dellontobin282
Жыл бұрын
I don’t get it. The man dumbed it down for us stupid Americans.
END THE FED
Maybe call Ukraine back and get the money you threw at them returned??? Maybe…
@fck45
Жыл бұрын
what money? Bombs, military gear sitting in large warehouses that was NOT being used and had to be maintained. We sent them GEAR of monetary value it is NOT CASH they do not need paper to fight Trumps buddy Putin they need GEAR!
@robertgraham5486
Жыл бұрын
I think some of all those billions of dollars to Ukraine have been stolen by those that received and are in charge of it ,why else do politicians like Nancy pelosi fly over into a war zone to talk with Zelenski
If our government wants to continue to recklessly spend our taxpayer dollars, then they need to just spend it and give us the money instead!
@barrybb5409
Жыл бұрын
Sorry jews in israel and ukraine depend on our money to buy mansions. What kind of antisemite are you wanting to exterminate all jews and spend money on methamphetamine? Dont you know they are chosen by god to rule over and destroy us?
@Hollywood041
Жыл бұрын
Appropriations exists so that money is not spent recklessly. If programs are not working properly you can examen the reasons and it is almost always b/c they had to work w/ less people or outdated machines b/c there was not enough funding. So, more taxes is the remedy. Unless you don't want to be America anymore, what you are advocating is essentially independent city-states , but honestly you would probably get mad at that too.
@barrybb5409
Жыл бұрын
@@Hollywood041 yeah and appropriations approved 118,000 dollars to see if you can thanos snap in a metal glove. Its all a rigged system designed to extract money from us and give it to a special certain specific group of people.
@ducewags
Жыл бұрын
@@Hollywood041 War is a program, that program spends more then it makes fighting for other country's, and NOT the American people. Do you see a problem with spending recklessly yet? Will the country's America helps, bail out America from it's debt? And you "think" taxes are the remedy?
@blakethegreatone2058
Жыл бұрын
I would be ok with abolishing income taxation. It's extortion.
This is what they wanted, the great reset. 👍
@dalegehrking2862
Жыл бұрын
The proper reset not the one they wanted in DaVos.
@denniscrane9753
Жыл бұрын
@@dalegehrking2862 no it’s the same thing!
@PenelopeGT
Жыл бұрын
They're destroying our country on purpose & our military is allowing it. Oath breakers in dresses
@barrybb5409
Жыл бұрын
Great depression forces americans to enter a world war that only benefits the jewish. When and where have we seen this before?
@blakethegreatone2058
Жыл бұрын
Yup. Just wait till chicken is 25 dollars a piece.
Mark Joslin said this: no pay for the congress that created this problem!
@kellanaldous7092
Жыл бұрын
Most of the people who caused this are long retired or dead. This is the end, downstream of Reagans policies. The policies carried and enhanced by every sitting president since. Both sides of the isle.
@maryvernon6411
Жыл бұрын
I agree
@drakokamikaze8823
Жыл бұрын
They already made millones insider trading. A small salary is never the main goal.
@Hollywood041
Жыл бұрын
Unfortunately, we cannot deny pay to the Reagan admin.
@rvingkeepitrolling8797
Жыл бұрын
No pay for the president either.
If the average person knew what our government was spending money on it would blow there mind. The amount of tax dollars that are sent overseas for stupid stuff would pay for all retirement for years. The amount of money spent on frivolous research that has no benefit to humans or Americans is in the billions. The American government spends money so fast its sickening.
@kimlarso
Жыл бұрын
That and the cost of migrants crossing the wide open border fairing better than my father who worked 65 yrs of his life = he never got free medical school food housing
Maybe the government stop spending money on people that are not even supposed to be in the country and also sending tons of money overseas. That usually happens when we have our own bills paid and then we can help others. It’s a government in the presidents financial irresponsibility. He spending money like it’s nothing.
@RonDaGr8t
Жыл бұрын
Do you understand how all this works? We pledged funding to this country if they got rid of their nuclear stockpiles. If they kept them then Russia would have never attacked due to the chance that they could use them. We have that agreement with several countries around the world. It’s funny that I never hear a peep about all the money we send the Israel.
@HighFalutinTootin
Жыл бұрын
This current government does not represent America they work for globalist fascists NO TAXATION WITHOUT REPRESENTATION
@dalegehrking2862
Жыл бұрын
To him it is a means to his end. We pay the bill.
@maryvernon6411
Жыл бұрын
Bec it's not his and he is the one who caused this.
@celticseaalchemist7667
Жыл бұрын
Congress approves the spending.
The government spending is to blame. Not the people! It's the fault of all those in Congress!!
@HeavyHardDrive
Жыл бұрын
Nancy Pelosi picked a great time to retire out of congress. Her and her elk do all this damage and then she dips out before she can be blamed.
@patwhite8106
Жыл бұрын
If the government actually cut spending, the people would throw a fit and vote them out of the office
@barrybb5409
Жыл бұрын
What people did congress give all out money to? Who gets billions of dollars every year? Who doesnt have to pay taxes?
@blakethegreatone2058
Жыл бұрын
Yup. Key word is ALL
@heavyd777
Жыл бұрын
You mean the Democrats.
The feds credit card has been maxed out for 50 years. No one can do math anymore.
Here’s one question? Why hast the us debts not been paid? Ask all these politicians on vote day why they haven’t paid anything retroactive since debt started? We been paying for a long time ( taxes) so why haven’t any of them paid? How about asking them for that money now. They sure like to spend to spend let’s see them pay back.
@thomasauslander3757
Жыл бұрын
That's why the IRS agents will be knocking at your door if you don't pay your taxes..
@bobbyjohnson116
Жыл бұрын
So wait republicans want to not raise the debt ceiling, stop the IRS from collecting taxes, cut social security, but spend more on the military? Seems like federal employees across the board need a major pay cut. Let’s start there….
@bobbyjohnson116
Жыл бұрын
Trump increased the national deficit ask him?
@gNOme_5
Жыл бұрын
Ya cuz they sure find the money to give themselves a raise every year!?
@adel19997
Жыл бұрын
Democrats spend your money elsewhere
They do this a lot. They will not let it default. It's like the threats the cable companies have with local affiliates and they are always threatening they will pull the programming ... but at the last minute they don't
@Bobbyleejoe2556
Жыл бұрын
You dumb. 😂
@ronaldarias322
Жыл бұрын
the only thing a government knows how to do (and in particularly our government) is to spend money, their power comes directly form that...they signing
@Bobbyleejoe2556
Жыл бұрын
@@ronaldarias322 , It’s the 900 plus Billions spent annually on the military will be US Down fall. Lol! Not to forget nations that are constantly being bullies by US as well.
@blakethegreatone2058
Жыл бұрын
Right. They aren't going to allow themselves to go without their money. Both sides are to blame for this and the coming crash.
@ngpb17
Жыл бұрын
well this was true in the past, but we have politicians that do not understand the system and would do anything to sabotage their political opponents regardless of consequences. I think modern republicans will try to take the country down to the point that most progressive would look for a better future elsewhere in the world. To me it seems they are following MVR tactics to the letter, the country is going down fast.
You're going to trust the word of a man who's not even got a full pair of eyeglasses?
So you’re telling me there are consequences to spending trillions of dollars that we don’t have? Interesting 🙃
@maryvernon6411
Жыл бұрын
Yes very
As a service member who has weathered a few government shutdowns, working without pay during that time, I fully support congress taking the L while we sort this all out.
@Mike-tn2ii
Жыл бұрын
Trumper troll. Keep kissing the butts of the gop.
@wildamerican2771
Жыл бұрын
Raising the debt ceiling will increase inflation even more. Now that Russia and China are paying OPEC in Rubels and Yuan our currency is in a free fall…
@fck45
Жыл бұрын
Not a shutdown a collapse, meaning people that depend on what they paid into might come to a halt
@wildamerican2771
Жыл бұрын
@@fck45 It’s going to collapse anyways, only it will be unexpectedly later.
Why do we have to pay for what our stupid politicians do?! Not one person I voted for was elected. This is not my fault.
Congress needs to reduce spending until they can meet the current ceiling /discussion.
My brother gave me the best financial advice-“Stop spending your money!” He retired at 55. I retired at 61. Smart brother………
@msheehandub
Жыл бұрын
Amen! Most Americans are brainwashed into eating out, buying new stuff they don't need, and buying things they can't afford. Stop spending money *on things* and you'll retire sooner and happier. Spend money on experiences.
There is NO WAY that guy is a doctor, unless he got his doctorate from a box of Lucky Charms.
And here's a large middle finger 🖕 to the U.S. Government and the Fed for creating this situation.
Then our government should be working day & night to fix this!
The first step in becoming wealthy is to understand why most people never become wealthy: 1. They never decide to become wealthy. 2. They don't know it's possible to become wealthy. 3. Procrastination. 4. Inability to delay gratification. 5. Lack of long-term perspective. 6. Lack of financial education.
@ToxicityAssured
Жыл бұрын
1. They never decide to become wealthy.
@ldisc66
Жыл бұрын
7. Inability to exploitatively profit from other people's hard work.
@gwills9337
Жыл бұрын
Wages haven’t kept up for 50 years and you’re gaslighting the plebs about delaying gratification 😮
@douglaskeen873
Жыл бұрын
@@ldisc66 🤣🤣🤣🤣🤣
@douglaskeen873
Жыл бұрын
@@gwills9337 🤣🤣🤣🤣🤣
This has already hit this man and his half broken glasses.
@BigBossette20
Жыл бұрын
😂😂😂
@Humanity894
Жыл бұрын
😂😂😂😂
@sandmasterflex
Жыл бұрын
Half broken or half fixed glasses? 🤓
@jcherestal
Жыл бұрын
Probably done by one of his "churren"
I love how the government starts caring about their debt when we reached the ceiling with it. Talk about procrastination.
Stop borrowing money.
The Federal Government took in a record amount of money last year and they still ran out. The idiot in the White House and Congress just want to make more credit cards instead of stop spending money we don't have. We really need term limits in congress.
America, sweet America You know, God done shed his grace on thee He crowned thy good, yes he did, in brotherhood From sea to shining sea👑🌎👑🇺🇸🇺🇸🇺🇸 In God We Trust 💴 💵 👑
But your government is giving more money to Ukraine 🤷🏽♀️ IM CONFUSED!!!
@balla4544
Жыл бұрын
got to prop up their puppet government. of course thats where they research all their dangerous diseases and launder all their crooked money.
@wildamerican2771
Жыл бұрын
Because no one has ever asked why Putin invaded Ukraine. We keep being told it’s “because he is psycho” but they forgot to mention that Ukraine has been shelling eastern provinces for 8 years trying to purge the area of ethnic Russians.
@fck45
Жыл бұрын
Money? No it is military gear weapons and things STORED AWAY that is collecting dust, the DOD said it is getting old anyway the stuff from Desert Sand. By the way GOP is always FOR spending on the military right????
@wildamerican2771
Жыл бұрын
@@fck45 Mainstream GOP yes, MAGA GOP absolutely not..
We are in middle of 40 year high records being broken, but at least we got rid of mean tweets. C'mon man. "Let's go Brandon, i agree" "Let Me Start Off With Two Words, Made In America" - Joe 'Corn Pop was a bad dude' Biden
@julius6238
Жыл бұрын
Wow you are smart
@fck45
Жыл бұрын
The Debt Trump created was almost 8 billion in 4 years due to TAX BREAKS for the RICH!
"Experts" come off as more believable if they can actually pronounce words such as "mortgage" and "children."
If you can continue to raise a debt ceiling then there really is no debt limit. It's about division and there never was debt.
We the People need to start having these people in congress pass financial literacy tests. Meaning if you can’t shows us you know how to balance a budget, without having to raise the debt ceiling or borrow more money… you don’t deserve a seat in congress. Government spending is out of control and the average American is tired of being the piggy bank of the millionaires in Congress.
Let the sanity begin. The MSM will act like the right is liking baby seals, but we really need to get our debt under control and stop over spending. Both parties are to blame in the past, but a solution has to start some time. Now is a great time.
@RonDaGr8t
Жыл бұрын
It’s always a great time when Dems are in office. GOP notoriously over spends then ask the Dems to suck it up and save.
@dalegehrking2862
Жыл бұрын
Ya, when we r at the end of our financial rope. Tie a knot on the end before we fall completely off into the abyss!
@icesta09
Жыл бұрын
Now is always the best time
@fck45
Жыл бұрын
@@icesta09 for what you gonna take over the USA and manage it?
Giving all this money to foreign nations.. tell them to repay the US like Trump use to make them do.. smh
@spacebagelbacon2346
Жыл бұрын
Trump raised the debt ceiling twice, what are you talking about. He raised our debt by 7 trillion dollars.. smh
@innerstatescrilla1887
Жыл бұрын
@@spacebagelbacon2346 we got the only prezzie in history that hand shakes the flag & fall off bicycles & no one can get him to accidentally put millions in every American bank account.. sad! Smh lol
@fck45
Жыл бұрын
Trump gave TAX BREAKS to billionaires which added to the DEBT almost 8 BILLION dollars wtf are you talking about? He also put NEW TARIFFS on imports causing INFLATION and COST OF LIVING went UP...hello????
Why would the government spend more than they have when inflation is so high. I'm 47 and the quality of life has been in a downward spiral my whole life. These career politicians have totally destroyed this country
They've run out of money but they refuse to cut spending. It doesn't make any sense.
@kellanaldous7092
Жыл бұрын
It makes perfect sense once you accept that the elites, regardless of political leaning, are funneling our money through ridiculous spending back into their own pockets. They've been slowly building up to this for the last 40 years, now it's almost st the end and they don't even try and hide it anymore. They know we're powerless and overwhelmed and manipulated by the media into hating other americans rather than stopping to realize who the real enemy is, with just trying to earn enough to feed our families, to ever threaten their scheme. Covid was an excuse for a trial run, and we failed the test miserably. They know now they can do anything they want and we will just keep hating our fellow citizens while they rob us and laugh about it.
But Ukraine got their money….
@kellanaldous7092
Жыл бұрын
You mean Raytheon, Lockheed Martin, and various corrupt arms dealers, nazis, and terrorists around the world, got our money.
@maryvernon6411
Жыл бұрын
Our money
Wait a minute... Biden and Co. keep saying everything's just fine.
@rodneymiller5926
Жыл бұрын
It is is for him and his gang.
@robert.m4676
Жыл бұрын
He’s lied from Day one that he became a politician! He’s got to go and president Trump needs to replace him while we still have a country!❤️🇺🇸❤️🙏🏻🤙🏻
@quatjohn4375
Жыл бұрын
@@robert.m4676 I’d rather have the janitor of a Petco. Biden shouldn’t run again but neither should Trump.
@robert.m4676
Жыл бұрын
@@quatjohn4375 yeah who wants a safe country with an excellent economy. Yeah right!! Why do you suggest Obama?
@selonious341
Жыл бұрын
@@quatjohn4375 completely indoctrinated 😄🐑😄
Cut welfare for all these people that don't need it and cut the salary for the house and senate until this figure this crap out
Who are these experts? The same criminals that are writing the event!
Thank You Biden for sending all of our money over seas
@dianaprince3176
Жыл бұрын
Presidents aren’t revenue appropriators, dingus. That’s the Legislative branch. Stay in school, kids!
@kronicdragon7381
Жыл бұрын
He didn’t. The republicans in the house are trying to strong arm him to their demands. Stop drinking these idiots koolaid.
@morganwartman8507
Жыл бұрын
@@dianaprince3176 lol if only you knew how government actually works. The president has the ability to veto any legislation the congress forwards to him including military assistance since, well, his title is “commander in chief”. But hey why actually know what you’re talking about when instead you can just pretend
@whatsgoodmyguy4391
Жыл бұрын
@@dianaprince3176he didn't Veto it did he ?
@robert.m4676
Жыл бұрын
@@dianaprince3176 so you’re actually defending this garbage? Bid n could have vetoed this massive spending spree that does nothing for the American people! You sound like a paid spokesperson!
Anyone who thinks this isn’t happening on purpose is fooling themselves.
Finally, a news story worth while. Good job KPRC
So the solution is to keep adding more debt? This is the same as having $800,000 of debt and getting another $100,000 loan to help pay it off.
@robrtarnold
Жыл бұрын
Ponzi scheme
@Chiefqueef91
Жыл бұрын
They been doing it for years
It's not a debt default. Raising the debt ceiling let's the government spend more money. If Congress was forced to only spend the money they get in taxes, we wouldn't be raising the debt ceiling ever.
REGULAR PEOPLE ARE STRUGGLING RIGHT NOW. BRING THE FOOD PRICES DOWN.
Let’s send billions of more money to Ukraine🤬🤬🤬🤬🤬🤬
If government officials pass a 4000 page bill in 24 hours, what else do you expect?
Financial expert with broken glasses is kinda hard to take seriously!
@brad3378
Жыл бұрын
He has the same credibility as anyone else who speaks in ebonics
Bro why are we here just talking about these politicians that work for corporations corruptly and wasting our money WASTING IT or "losing". I'm starting to think we may have to all band together and stop paying taxes for a few years so they will get the point!
I already won't buy a house because a 180k house on a 30yr mortgage totals over 460k by the time it's paid off.... even tho the house was originally built for 90k or maybe a little more...
Time to fire some key people. Once these "officials" in the govt feel consequence for their actions or lack there of, they will act accordingly. If the people feel it the representatives of the people should feel it too
@barrybb5409
Жыл бұрын
Youre such an antisemite! No jew should have to suffer if we can suffer instead of them. No jew should lose a penny if we can pay out billions of dollars. You deserve to be thrown under the jail you antisemite.
@blakethegreatone2058
Жыл бұрын
Should but they won't. Nothing will change or get better.
@chrstmanservant
Жыл бұрын
@@blakethegreatone2058 seems like you are waiting on the problem to correct itself. With that logic, how could it improve?
@blakethegreatone2058
Жыл бұрын
@chrstmanservant it won't,but it's not my mind set. I know that nothing short of a rebellion is going to stop what is coming. Unfortunately, everyone is so caught up thinking that their idiot side is better than the other to realize it's everyone in government screwing us over. Maybe food prices sky rocketing will wake people up,but I doubt it.
@oliverholness8033
Жыл бұрын
@@barrybb5409 Rotfl, that hilarious. Loud and wrong. I am an ISRAELITE. I pray to the God of Abraham, Isaac and Jacob. I'll patiently wait for your response....
Exactly on path as designed.
If we default, interest rates go up. If we don’t they print more money causing inflation and interest rates to go up.
If this happens I’ll stop paying taxes. No taxes no money for the government as well.
Balance budget amendment...
Honestly, we need to default. We can’t keep going like this it is unsustainable at best. Also if the media is making a big deal about how bad it is then we should let it happen because they are the definition of gaslighting lol.
@kimlarso
Жыл бұрын
Default? Who’s picking that Tab up?! It don’t just disappear like we make money out of air
@PNW_Adventures1
Жыл бұрын
@@kimlarso when you declare bankruptcy do you pay ? Not with money you don’t but your credit suffers.
@fck45
Жыл бұрын
Crash of economies and 70 million jobs gone in USA in about 30 days yea OK
BRING THE INTEREST RATES DOWN. BRING THESE RENT PRICES DOWN AND MORGAGE PRICES DOWN ON THESE HOUSES.
Are we talking about the completely made-up debt issue and the Federal Reserve, which isn't federal and isn't a reserve?
It’s called the great reset this was all planned
This "financial expert" is so thrifty he bought glasses that only go behind one ear!?! Seriously, why don't they also sit on his right ear?
@randyscrafts8575
Жыл бұрын
Cheaper. Half off.
Debt limit yesterday. 2.5 billion to ukraine today. Tax increases for us tomorrow.
Borrowing trillions to give to other countries, how stupid the government has become.
Dr Steele needs a class on public speaking, thou.
@molinaafo
Жыл бұрын
Real talk dawg
@adalatresse8286
Жыл бұрын
I understood him just fine. There's always a critic in the room.
@theresapradziad7141
Жыл бұрын
Imagine taking financial advice from this guy.
@louisluck5
Жыл бұрын
@@theresapradziad7141 Of course a genius such as yourself would judge someone's ability based on how they talk, imagine taking any advice from you.
@lzbngamer6351
Жыл бұрын
@@theresapradziad7141 Atleast when hes talking to you he is coming genuinely and real
Vacation? I haven't one of those sense '97....
@gNOme_5
Жыл бұрын
*since
@georgehugh3455
Жыл бұрын
Nonsince!
@gNOme_5
Жыл бұрын
@@georgehugh3455 🤣🤣 haha, cute!
Accountability!
@bilcifer666
Жыл бұрын
@@user-fe1ie I'm just gonna guess you're implying to vote republican because of how incredibly stupid you are :)
@kimlarso
Жыл бұрын
You & I are as accountable as they! Your ‘vote’ matters whether you vote or not! Guilt by Association It’s a Legal situationship
@seanserflaten8949
Жыл бұрын
@Kim Larso problem is that the one"s I vote for do not win and if they do they are demonized for taking a stand against such oppression and tyranny. Most people do not want what's best they want what is easy or makes them feel good in the moment then complain when things arent working out.😒
@bilcifer666
Жыл бұрын
@@seanserflaten8949 that's because your voting for psycho Christian lunatics and con men
But our politicians won’t be impacted at all. Like always. 🤦♂️
They keep talking about less money. If we are 31+ trillion in bebt and hit the ceiling again sounds like we are already broke and they just want to kick the can down the road instead of being smarter with our money.
We are finally spending only what we bring in!!! Can we please keep it like this forever??
@you_beg_my_pardon
Жыл бұрын
That's not what's going on at all...
@you_beg_my_pardon
Жыл бұрын
We have a limit on how much money we can borrow and we hit the limit.. Which means that we cannot borrow any more money.
@danielevans7439
Жыл бұрын
@@you_beg_my_pardon Which means we can’t keep spending money we don’t have. That’s good. Now we need to pay those debts off so most of our taxes don’t go to interest.
doesnt matter which side youre on. its time to start eating the rich.
@bobbyjohnson116
Жыл бұрын
Forget taxing the rich just eat ‘em
@KCchiefs735
Жыл бұрын
Yeah I’m hungry 😋
@bilcifer666
Жыл бұрын
@@user-fe1ie yeah and? You made literally no points here, you just said things. Are you high? 😂
@bilcifer666
Жыл бұрын
@@user-fe1ie maybe try making points instead of saying nothing at all? put down the pipe my dude.
@bilcifer666
Жыл бұрын
@@user-fe1ie such an idiot 😆😆😆
WELL THE DEMOCRATS AND REPUBLICANS NEEDS TO WORK THIS MESS OUT. THIS IS RIDICULOUS.
Always on the Citizens but not on Federal Government employees especially, those who are in congress and whoever holds the Presidency.
Biden's policies should have never put us in this situation
@spacebagelbacon2346
Жыл бұрын
Trump raised the debt ceiling twice, what are you talking about? He raised our debt by 7 trillion dollars.. smh
@fck45
Жыл бұрын
Get educated this has been going on over 50 years which is 4 times your age
Stop giving my taxpayer dollars to a non-NATO country, I think that will help dramatically given we sent them 27.5 Billion in aid and we froze to death in December.
Yup, bad times could be coming, but if you keep raising the debt ceiling you're only buying a little time and making them worse times when they do get here. Is the answer to running out of money always borrow more? Of eventually do we cut back and go without like a responsible person? Be careful, your answer here will likely divulge your party affiliation. Hehehe
@SamSitar
Жыл бұрын
business will survive on sales of goods and services.
this happens all the time…. they’re not going to allow it to default, c’mon
Many saw this coming a while ago. I said this in 2020 with the stimulus checks but people literally didn’t care bc FREE MONEY.
@fck45
Жыл бұрын
50 years of it, this did nt start in 2020
😂😆😂😆😂😆😂😆. I'm richer than the USA 😂😆😂😆😂
If I controled my wallet like the gov. controls the national wallet, I would have to file for bankruptcy every year. SMDH
Now tell us how this will impact the politicians.
@maryvernon6411
Жыл бұрын
Yell I bet it want and maybe their salaries will increase.
People mad at congress when the Whitehouse said there will be no negotiations, and congress just wants limits on how they spend our money. We eventually will collapse if the spending problem isn't fixed. I'd rather deal with it now, than when we are 100 trillion in debt. We're literally being propped up by being the reserve currency of the world, that won't last forever. Just wait until bread costs like $10,000
@jackiemills6948
Жыл бұрын
We already collapsed. We are in a recession they just haven’t announced it yet and going into a depression. Get ready and stock up on the food you can because famine is coming. We are in rough waters. Lord help us all.
@SamSitar
Жыл бұрын
no, business will be fine. it will survive on income.
@ichigonubetube
Жыл бұрын
@@SamSitar What are you even talking about? Who will be fine? What business? America has like no exports, we destroyed our manufacturing. We import literally everything. The only think keeping us a float is being the reserve currency. If it wasn't for that, the dollar would be worthless, we would literally have trillions of fancy green paper. In what world do you think we would be fine?
The US pays its bills to who tho?
@monicapiggTXpatriot
Жыл бұрын
China