Joined: 07-20-2020 Posts: 8,893
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Yes folks you heard it here, 💩-bag Pelosi is concerned about the national debt. Well...not really, she's just concerned about staving off gubment bankruptcy so the progtard spending spree can continue. Just have the FED monetize more gubment debt (that means counterfeit some more paper loot to bail them out)...that'll fix it. Pelosi says Congress, including GOP, must raise debt ceiling to pay off 'Trump's credit card'The California Democrat argued Trump racked up $7 trillion in debt over his four-year presidency.By Joseph Weber Updated: September 8, 2021 - 1:02pm Quote:House Speaker Nancy Pelosi said Wednesday that Congress must act to raise the debt ceiling because of the debt incurred under former President Trump, saying, “We’re paying the Trump credit card.”
The California Democrat argued Trump racked up $7 trillion in debt over his four-year presidency.
"We're paying the Trump credit card with what we would do to lift the debt ceiling," Pelosi said during a weekly press conference. "When Trump was president, we Democrats supported the of lifting the debt ceiling, because it's the responsible thing to do. I would hope that the Republicans would act in a similarly responsible way."
Pelosi, the leader of the Democrat-controlled chamber, spoke one day after Treasury Secretary Janet Yellen told her there was an urgency in raising the debt ceiling because, she said, the country's ability to pay its bills will likely end sooner than expected.
The Treasury Department used so-called "extraordinary measures" to continue to pay off the federal government's bills after Congress missed a July 30 deadline to raise or suspend the ceiling.
However, Yellen those measures will likely be exhausted by mid-October, citing the pandemic and related federal aid.
Whether to lift the ceiling is again a highly partisan issue on Capitol Hill.
Last month, 46 Senate Republicans pledged to not help Democrats raise the debt limit, citing their $3.5 trillion spending package, full of money for progressive initiatives like expanding government-funded health care, according to Business Insider.
Republicans also argue Democrats could get their multi-trillion-dollar spending measure to President Biden’s desk without a single Republican vote if they use the legislative maneuver in the Senate known as budget reconciliation.
https://justthenews.com/government/congress/pelosi-says-congress-including-gop-must-raise-debt-ceiling-pay-trumps-credit
Treasury Reiterates Warning US Government Could Run Out of Money to Service Debt By October
Quote:WASHINGTON (Sputnik) - The US government could run out of money as early as next month to service its debt, Treasury Secretary Janet Yellen said on Wednesday, reiterating her warning that emergency measures put in place to raise cash could be exhausted soon.
"Given this uncertainty, the Treasury Department is not able to provide a specific estimate of how long the extraordinary measures will last," Yellen said in a copy of her letter to Pelosi, released by the department. "However, based on our best and most recent information, the most likely outcome is that cash and extraordinary measures will be exhausted during the month of October."
Yellen announced in August that the Treasury Department was suspending fully or partly investments in the Civil Service Retirement and Disability Fund, the Postal Service Retiree Health Benefits Fund and a section of the Federal Employees Retirement to free up funds to service the national debt.
More...
https://sputniknews.com/20210908/treasury-reiterates-warning-us-government-could-run-out-of-money-to-service-debt-by-october-1088887233.html?utm_source=push&utm_medium=browser_notification&utm_campaign=sputnik_inter_en
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