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(02-05-2023, 12:55 PM)cityhantam Wrote: When Trump was POTUS, Democrats controlled Congress played the same game.
That is Assmerica!
During Trump time republicans controlled Congress and they pass debt ceiling
When someone else I'm hovt the Republican use debt ceiling as a tool.
The debt ceiling is go raise to pay debt already incurred it is not for new debt.
A
Clarification below
During the Obama presidency, Republicans used the threat of the U.S. defaulting on its loans to force sharp budget cuts to nonmilitary spending. And now they’re set to do the same to President Joe Biden as Congress prepares to pass the cornerstone of his economic agenda.
However, when Donald Trump was in the White House, and the GOP controlled Congress, the debt ceiling apparently was less of a concern. The cap on government debt was boosted under Trump first in late 2017 for three months in a deal with the Democrats. That had to be raised again — thanks to the GOP’s huge tax cuts for the wealthy and businesses — as part of a broader spending bill he signed in 2018. Then, after Democrats took control of the House in 2019, Trump signed a budget that suspended the debt ceiling, then $22 trillion, entirely until this July.
We’ve clearly passed that point on the calendar by now — and Republicans have suddenly started warning that they won’t support another boost to the debt ceiling. "I can't imagine there will be a single Republican voting to raise the debt ceiling after what we've been experiencing," Senate Minority Leader Mitch McConnell, R-Ky., told Punchbowl News in July.
Bear in mind that raising the debt ceiling doesn’t approve more spending or even endorse old spending — it just allows the U.S. to keep paying the debts that have already been incurred and raise more money to pay for federal appropriations. As of July 31, the total spending subject to the ceiling totaled about $28.5 trillion, according to a Congressional Budget Office estimate.
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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No one trusts USD ...... so why buy their bonds ....
KTV妹妹说,香港人无义,台湾人无情,新加坂人无智
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(02-05-2023, 01:05 PM)sgbuffett Wrote: During Trump time republicans controlled Congress and they pass debt ceiling
Nancy Pelosi is a Democrat lah!
(This post was last modified: 02-05-2023, 02:41 PM by
cityhantam.)
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(02-05-2023, 01:20 PM)Tangsen Wrote: No one trusts USD ...... so why buy their bonds ....
guess who controls all the world banks
china is not trusted by the world banks
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There is no problem at all if ceiling is not raised, the rates rise will absorb any tremors and the markets will boom boom boom
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(02-05-2023, 01:57 PM)grotesqueness Wrote: guess who controls all the world banks
china is not trusted by the world banks
https://en.wikipedia.org/wiki/List_of_largest_banks
China occupy first 4 spots. US largest bank can only smell their backside.
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(02-05-2023, 12:41 PM)grotesqueness Wrote: aiyeah
in hell
nothing is smooth
cause this is not heaven
if today dont crash
tomorrow will
even in china before the communist came to power
china was a vibrate market
communist came and people runs china market crash
it is everywhere
the intriguing question is WHEN not IF
Lanjiao la.. stop yr BS crap
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(02-05-2023, 02:00 PM)sgh Wrote: https://en.wikipedia.org/wiki/List_of_largest_banks
China occupy first 4 spots. US largest bank can only smell their backside.
you dickhead
those banks support these strong currency
Top 16 Strongest Currencies in the World | CMC Markets
CHAI-NA YUAN is NOT IN IT
noone wants stinky Chow Cheese Pie (CCP) YUAN
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Who bothers? As usual wayang wayang wayang, then approved last hour. Business or money printing as usual.
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(02-05-2023, 01:57 PM)grotesqueness Wrote: guess who controls all the world banks
china is not trusted by the world banks
Thats why no one trust them you fugg head ... everyone joining BRICS
World bank is just white hill billy white traxhes proxy loan shark
KTV妹妹说,香港人无义,台湾人无情,新加坂人无智
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(02-05-2023, 02:37 PM)Tangsen Wrote: Thats why no one trust them you fugg head ... everyone joining BRICS
World bank is just white hill billy white traxhes proxy loan shark
world bank does not support YUAN
STINKY YUAN NO NOBODY WANTS
Top 16 Strongest Currencies in the World | CMC Markets
YUAN NOT IN THE LIST
STINKY YUAN NO NOBODY WANTS
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