Treasury Chief Warns US Could Hit Debt Limit in Mid-January
Treasury Chief Warns US Could Hit Debt Limit in Mid-January
Treasury Secretary Janet Yellen implored Congress to "protect the full faith and credit of the United States" or face imposition of "extraordinary measures."
Could they squeeze it until janaury 21st? Even January 20th actually. It'd be hilarious to see the goverment shut down on inauguration day so Trump's special moment is taken away.
The only drawback is that the inauguration would still go on, with all the people working it unpaid and the price of everything doubled once it's finally tallied up months later. So it would make his special day MORE special in some ways.
I'm expecting Trump will refuse to raise the limit unless he's personally enriched. My personal guess is that at some point in this term he's going to try to take out a large personal loan backed by the US economy. Probably by eliminating the debt ceiling and then just printing money for himself.
I've been wondering if he will try the trillion dollar coin workaround.
Previously, no one's been willing to open that can of worms, but this is Trump we're talking about.
This again, they'll just raise it
remember that the debt limit is only a thing so they can hijack legislation with the threat of shutting down the government. there's no other reason to have it if the only way the government can function is by raising it every time.
It's similar to a player dialogue where you just click through every time but the dialogue's still there for a reason.
Again? Yawn. Congress needs to stop pretending they're useful by creating problems and then half-assedly "solving" them. If politicians did their jobs properly, we wouldn't need to spend so much time into learning about the jobs they're supposed to be doing.