Washington is flirting with a debt crisis. No one has a plan to stop it

[ProudMNDemocrat]

Source:CNN

Congressional Republicans and the White House are facing a Debt Crisis that is looming in the near future. If NOTHING is done, there could be drastic austerity cuts that could cause serious problems for a majority of Americans who need assistance, funding the Government, and more.


The US government is hurtling toward a potential financial crisis, and no one in Washington seems to know how to stop it.

As lawmakers trade fire over contempt votes and impeachment, there's been no progress toward reaching a budget agreement or extending the federal government's ability to borrow before September, when the money runs out. That's raising the ugly prospect of more than $100 billion in mandatory cuts as well as an unprecedented default on US debt -- a situation that could trigger a worldwide economic catastrophe.

It's a mess everyone knows is coming, and yet no one seems to have a plan -- at least at the moment -- for averting disaster.


https://www.cnn.com/2019/05/11/politics/congress-debt-ceiling/index.html

Just what Trump wants, to bring down the world economies as he works to bring down ours.

[Wellstone ruled]

1. Get friggin use to this reality.

If you have been following the Budget talks and the House passage of Disaster Relief funding as well as a Infrastructure Legislation,well,deficits and debt is the new Tool being used to keep this Legislative Election Cycle on track as to help us win back the Senate and the White House.

If McConnell balks at these bills coming to his Chamber,which we know he will,then it is Game On and expect a Shut Down in October.

[Simeon Salus]

2. Republicans absolutely have a plan

They are expecting to lose in 2020 and then blame Democrats for the massive national debt, suddenly returning to "fiscal conservatism".

It's what they always do, going all the way back to Reagan.