General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThis was in an email from Democrats.com
President Biden will not give in to these MAGA terrorist demands, so the United States will default on its bonds, triggering an economic meltdown.
Stock markets will collapse, wiping out pension funds, 501ks, and IRAs.
Interest rates will soar, canceling investments in construction and manufacturing.
The U.S. government will be unable to pay the military, Social Security, Medicare, Medicaid, etc.
State and local governments will be unable to pay police, teachers, firefighters, hospitals, etc.
Before long, the U.S. will be in a Depression.
But we can stop a MAGA Shutdown if only 5 out of 223 House Republicans vote with Democrats to lift the debt ceiling. 19 of them represent Democratic districts won by Joe Biden, so they are vulnerable to organized pressure from their own constituents. We will organize voters in every Republican district to change their minds - or defeat as many as we can in 2024.
Is this a real possibility or just fundraising?
634-5789
(4,175 posts)Bev54
(10,072 posts)are lost causes.
ShazzieB
(16,519 posts)The Republican extremists have been sucking up so much of the oxygen in the room lately that it's easy to forget that there any non-extremist Republicans in Congress, but I know there are. What we need are just enough non-extremist Republican votes to block what the extremists are trying to do. Don't forget how narrow The GOP House majority is.
GreenWave
(6,766 posts)I don't know what to do. I cannot tolerate another Wall Street fleecing.
Walleye
(31,056 posts)Wounded Bear
(58,713 posts)Just A Box Of Rain
(5,104 posts)an extended refusal by the Republicans to raise the debt ceiling would have drastic consequences on the government's ability to pay its debts (and fund social services) and the economic effect would be felt worldwide.
So it is serious.
One must hope that a handful of non-insane Republicans in the House work with our party to stop the madness.
Martin68
(22,890 posts)BWdem4life
(1,695 posts)Or 401ks?
GreenWave
(6,766 posts)501K is some suped up high interest paying glorified...
well let's hear what this Ted Benna worshiping site had to say:
And Bank On Yourself, as we are always happy to explain, is a safe savings and wealth-building strategy based on a specific type of high cash value dividend-paying whole life insurance.
I need more than one guru to tell me about this. 2 pals, one a financial planner examiner the other a hot shot for Bush II and neither ever mentioned this as the way to go.
lark
(23,156 posts)They will destroy us if we give in by taking away so much we need - Medicare, Social security, Medicaid, free school, health care, and more. They will destroy the economy if we don't let them destroy us. They hate us and want to destroy us so we stop helping Ukraine and Russia rules and funds the right wing takeover of our country.
Joinfortmill
(14,460 posts)vlyons
(10,252 posts)canetoad
(17,186 posts)That Joe Biden will go down in history as the president who destroyed Social Security, Medicare, Medicaid, Veterans benefits, public schools, college loans, and climate jobs?
Dream on, repugs.
OBrien
(363 posts)Its just a click bait website
ShazzieB
(16,519 posts)Previously, I was thinking, "Are Republican extremists really so stupid that they don't realize what not raising the debt ceiling will do to the economy?"
Reading this, it suddenly hit me: the Republican extremists in Congress WANT all these awful things to happen, so they can blame it on Democrats and use it as ammunition in 2024! They are willing to destroy the global economy for a chance to get more Republicans elected to office!
They're perfectly happy to cause an untold number of businesses go to under and millions of people to lose their life savings and end up destitute, if they think it can benefit their chances of winning elections!
I don't know why it took me so long to figure it out.