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Cyrano

(15,077 posts)
Thu May 4, 2023, 09:11 AM May 2023

Republican insanity might just destroy the world's financial infrastructure

Next month, it's up to congress to raise America's debt limit. If it's not done, it means we cannot borrow any money to pay the countries which hold our debt. In short, this would destabilize the world's economy. It would also affect government payments to veterans, Social Security and Medicare.

Republicans refuse to vote to raise the debt ceiling unless the Democrats agree to deep cuts in America's budget. And there's no way to make those cuts without slashing veteran's benefits, Social Security and Medicare. -- This is their plan for cutting those programs and avoid taking the blame for it.

Republicans have used this threat in the past, but compromises were always reached. This time around, it's different. The Republican Party has gone bug shit insane -- think Marjory Taylor Greene. Many of them are as stupid as she is and don't really understand what would happen if we default on our debt.

Their ultimate goal, of course, is to blame it on the Dems and make sure Joe Biden can't get reelected. They are clueless to the fact that defaulting on our debt would throw the world's economy into total chaos. What happens as a result of that is anyone's guess.

Enjoy May. Next month, things could get far uglier than anyone can predict.

9 replies = new reply since forum marked as read
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Republican insanity might just destroy the world's financial infrastructure (Original Post) Cyrano May 2023 OP
That is their goal............ Lovie777 May 2023 #1
Republicans are working for Putin. Turbineguy May 2023 #2
All roads lead back to Putin. Irish_Dem May 2023 #3
+1 2naSalit May 2023 #5
And if it results in them taking power..... TheRealNorth May 2023 #4
It'll be our fault if we let that happen. dawg May 2023 #6
Actually, there's a clause in the 14th Amendment that seemingly allows Cyrano May 2023 #9
Well, when the Blue Donor States get hit, the socialist mooching Red States will royally get fucked. TheBlackAdder May 2023 #7
The Republicans don't or won't understand that in Cyrano May 2023 #8

dawg

(10,626 posts)
6. It'll be our fault if we let that happen.
Thu May 4, 2023, 10:33 AM
May 2023

There's nothing stopping us from just telling them to go fuck themsevles and issuing the new debt anyway. What are they going to do, impeach Biden over it? Good luck with that.

Cyrano

(15,077 posts)
9. Actually, there's a clause in the 14th Amendment that seemingly allows
Thu May 4, 2023, 10:55 AM
May 2023

Joe Biden to raise the debt ceiling on his own. But he has said he won't use it.

My guess is that he'll change his mind rather than sit there and watch a total disaster take place.

Cyrano

(15,077 posts)
8. The Republicans don't or won't understand that in
Thu May 4, 2023, 10:49 AM
May 2023

the financial arson they're planning, their own houses will burn down too. Their stupidity, or their pure malice, is beyond comprehension.

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