A Stock Market Plunge Will Resolve the Debt-Ceiling Standoff | Barron's
Fears of a default already have been felt in the market for what's supposed to be the safest investment on the planet: U.S. Treasury bills.
S E E D E D C O N T E N T
ByRandall W. Forsyth April 28, 2023 9:33 am ET
"Sell in May" could be more than a cliche this year. A summer of discontent may lie ahead for the financial markets, in no small part because of yet another fight over raising the federal government's debt ceiling. But, ironically, a possible market meltdown might be just what's needed to get Congress and the White House to make a deal to stave off the first default on the full faith and credit of the U.S.
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The damn gop will tank the markets before finally giving up, like the last time and the time before...
That's the plan. Then next year blame it on Biden during the election process.
Markets were already underperforming thanks to Brandon the Human Fuck Up Machine.
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But nice attempt at trying to blame Brandon's fuck up on the GOP.
Seems that McCarthy and the GOP and House has a plan and it is the Biden administration and democrat Senators who are going to fuck it up by NOT negotiating.
how can any serious person think the gop could do that all on their own?
Biden sucks, better resign yourself to supporting a goober.
Another black eye for Biden, who refuses to even discuss avoiding a shutdown. Caring only about himself (and certainly not his grandchild who he refuses to even acknowledge), he’s perfectly happy punishing future generations for short term convenience.
He’s hoping for a shutdown as a desperate ploy to save his floundering presidency, knowing the media will shill for him.
After a lot of drama, hand wringing, and virtue signaling, the useless debt "limit" will be increased yet again....just in time.
The Republicans need to quit grandstanding and wait until they have full control of Congress and the White House.
The House has passed a bill to raise the debt limit. Now it's up to the Senate. Blaming the GOP won't raise the debt limit.
Biden took himself out of the loop several months ago to politically insulate himself. The 'full faith and credit' of the United States is in Chuck Schumer's hands. And Schumer can't expect any help from Biden. If anything, Biden will make Schumer's job much harder since Biden doesn't have anything to lose politically. Biden can always blame Congress because Biden has taken himself out of the loop.
Whining, scapegoating the GOP, and gaslighting the public won't avoid the Senate having to do something. The debt limit cannot be raised without the Senate. And the Senate cannot ignore the bill to raise the debt limit passed by the House.