USA Debt Default might finally happen this time!

October or November?

Link...

[link to sputniknews.com (secure)]

Emergency Cash-Saving Measures Enacted to Stop US From Defaulting on Trillions

16:32 GMT 02.08.2021(updated 16:54 GMT 02.08.2021

Congress pumped over $6 trillion in cash into the economy over the past year-and-a-half in response to the coronavirus pandemic, with the federal debt reaching over $28.5 trillion in June. Combined US debt, which includes federal liabilities plus other public and private obligations, stands at over $85 trillion, or four times the US’ annual GDP.

The Treasury Department moved to invoke “extraordinary measures” on Monday after Congress failed to agree to extend the suspension of the debt ceiling before departing for its six-week vacation.

According to CNBC, the emergency cash-saving rules stepped into effect on Monday, after the expiry of the two-year freeze on the debt ceiling limit at $22 trillion in August 2019.

From now on, the Treasury will be forced to avoid issuing new debt for between 60 and 90 days until Congress reconvenes and agrees to freeze the limit again or raise the ceiling. If lawmakers fail to do so after reconvening in September, the US, the world’s largest economy, could default on its obligations to domestic and international creditors, sparking a global economic collapse of a kind not seen since the 1930s...

[link to sputniknews.com (secure)]




*Laughs in Soros*

Good. One of the best things to happen to the usa is to not be able to borrow money

Evictions and Debt default.

most of the people aren't aware that since Dollar is the World's Reserve Currency, that all the Global countries are doing business in this currency

so when the Dollar goes tits up and USA goes bankrupted, that will drag the entire World into the same shit pithole

the Great Depression of 1930s will be child's play compared to what's to come

and since Russia and China are smart countries, are ditching Dollar in record time and buying more precious metals

ultimately, when they do ditch it, you can expect WW3, but started from USA and not the rest of countries, for the above exact said reasons

Just print more money.

Fear porn used to justify saving the world by lining the pockets of corporate global oligarchs once again.
Wash rinse repeat.

we have to pretend there's some restraint to maintain
credibility.

.

if only it would be just a lie from the C4balist Oligarchs to steal even more money from the taxpayers

household, corporate and national debt combined is almost 1X times higher than the national debt of 30 trillion dollars

USA is bankrupted and toast

Fake DOOM !

Nope, never worry about the economy

Says they have until October in the article.

Nothing Burger

Government debt is not the economy

Ink and paper are now too expensive.
Just Bidencoins next.
Received directly into your Universal Basic Income ledger account using your biometric ID issued to you when you were fully vaxxed so that now you may buy and sell.

You were fully vaxxed, weren't you?

Doom off, that's a satire site. fake news, just print more money.

JUST PRINT OUR GODDAMNED TAX MONEY FUCKING FAKE FIAT GOVPHARMACORP!

You know they can.

Prove me wrong, oh wait, nobody can because everyone knows the money is fake and they can just print anything for anyone!

Why do you think there was a lockdown at your capital? Repo time...

No. Never.

Better to default than lose WW3 too!

It will never happen. The dems have the votes in the House and Senate. They aren't done spending us into more debt.

That was the plan from the beginning
Destruction of USA
Can't have it if the world gooberment is next thing
Destroying
Flag
Anthem
Statues
Monuments
Anything that symbolize America

These politicians are traitors

The crypto pump would be epic

Nah, when you read through Russian news you do have to get past the fact there is speculative propaganda in there.

US National Security, plunge protection teams, stock and commodity manipulation teams will ensure that nothing of the sort occurs.

Nothing will happen.

The digital loans from the World Bank are at about 7% interest. It just makes the $30T a larger number, interest on that is free money for the banks.
[link to www.thebalance.com (secure)]
The interest on the national debt is how much the federal government must pay on outstanding public debt each year. The interest on the debt is $378 billion.1 That's from the federal budget for fiscal year (FY) 2021 that runs from October 1, 2020, through September 30, 2021.

The public debt is just under $27 trillion in the third quarter of 2020.2 That's debt owed to individuals, businesses, and foreign central banks. The debt is held in the form of Treasury bills, notes, and bonds, as well as Treasury Inflation-Protected Securities (TIPS), savings bonds, and other securities.

WE WILL NEVER DEFAULT

But, do expect your taxes to increase drastically

Like your Visa, you are capable of making minimum monthly payments indefinitely and we'll continue to increase your credit

Debt based economy is a good one

You can't kick the can down the road forever.

Same reason they are destroying uniquely American sports like Football.