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The Democrats are having conniptions because they know they will be blamed if the United States defaults and the global economy crashes. All they wanna do is spend us taxpayers hard-earned money by the trillions.

Their social engineering plans are a boondoggle of incomparable size. They will spend us into oblivion, consequences be damned.

Thank goodness the Republicans have more sense. Ever since Ronald Reagan, they have wanted smaller government and less spending. Much better for us taxpayers.

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Bjorn Palenius's avatar

Final meltdown looms because Democrats incessant need to spend away everything on useless programs that are not related to the infrastructure part!

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Warren Swil's avatar

Methinks you overlooked in important part of the article. The Republicans were in charge when the debt ceiling was raised in 2017, 2018 in 2019 all because of their totally unjustified massive tax cuts in 2017.

It's the Republicans whose “incessant need to spend everything on useless programs” – like tax giveaways for the rich – that got us into this mess in the first place. And now they are refusing to take responsibility for it — cowards!

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Bjorn Palenius's avatar

I don't really agree, as when you take a close look, in general, you'll find that Democrats are more willing to spend money on everything, like Mr Big Spender Biden.

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jeane harris's avatar

Well, Warren, again you wrote an excellent piece with many facts and a full explanation of what the “debt ceiling” is. I had no idea as my comprehension or interest of anything involving numbers or finance is nil save figuring out the amount of a tip after a meal: 10%, 15% or 20%? I do know that 1 and 1 is Two!! That’s about it!

Thank you for your incitefull and well researched commentary..

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Warren Swil's avatar

Thank you very much Jeane, but I have a little secret to share with you. I am an idiot when it comes to numbers. Trillions? Billions? SCHMILLIONS!

That is why I trust an authority like Treasury Secretary Janet Yellen to spell it all out for me in simple and unbureaucratic language. Ever since she was head of the Federal Reserve, she has been a favorite of mine. (And don't you just love her hairdo? Not bad for a 75-year-old!)

In all seriousness, we cannot over-estimate the potentially devastating situation we are in. It is all over the news today and rightly so. The consequences of a default would be catastrophic not only for the US but for the entire global economy.

And it's all preventable if only the Republicans in Congress would put country over party.

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