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Debt Ceiling Crisis Closely Looms UNDER Trump

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Author Topic: Debt Ceiling Crisis Closely Looms UNDER Trump  (Read 337 times)
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A159
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« on: March 02, 2017, 01:18:38 pm »

By next Oct, we all may be grabin' our azzes to hold on.





https://www.washingtonpost.com/business/economy/fight-over-debt-ceiling-could-accelerate-trumps-budget-clash-with-gop/2017/02/28/cd7f0c9e-fdc7-11e6-99b4-9e613afeb09f_story.html
Fight over debt ceiling could accelerate Trump’s budget clash with GOP
By Damian Paletta  By Damian Paletta  February 28

President Trump will have to deploy “extraordinary” measures in two weeks to avoid a default on the debt if Congress does not move to raise the federal borrowing cap, a little-recognized deadline that could expedite his showdown with Congress over taxes and spending.

Trump has proposed giant cuts to tax rates for businesses and individuals, as well as new spending on infrastructure and military programs. His advisers have said those changes will boost the economy, creating more money for government spending.
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But critics have said the changes Trump is pursuing are likely to inflate the federal deficit for more than a decade.
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March 15, 2017.

After that date, the Treasury Department is expected to enact “emergency” measures to buy more time to allow the government to continue paying its bills. These emergency steps often include actions such as suspending pension payments, but the Treasury Department runs out of flexibility after several months.
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« Reply #1 on: March 02, 2017, 03:57:32 pm »

Just so.  So is it maddened villagers with torches lit & improvised weapons storming Dr. Frankenstein's castle, or is it the lemmings jostling to be the first to make the leap of faith?

Last chance, Congress, to actually make a decision about the long-term political & economic & policy & military & many other facets of a modern nation-state about the Trump Interregnum.

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« Reply #2 on: March 02, 2017, 04:14:03 pm »

It'll be curious to see, whether or not Republicans threaten to shut down the government, rather than raise the debt ceiling.  How many times was it, that they made such threats during the Obama administration?
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« Reply #3 on: May 02, 2017, 01:56:50 pm »

I think Trumper even now understands what a disaster that would be. Since he's back on the campaign trail for re-election, he's really got to avoid deep self-inflicted cuts. Stuff like policies to nowhere and his loose mouth. Good luck with that Donny.

Now, hasn't the govt shutdown deadline been officially set to ping this coming Sept? 
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« Reply #4 on: May 04, 2017, 03:08:19 pm »

OOOOOOOOOOOOOOKKKKKKKKKKKKK.........

The Don wants a shutdown in Sept to shake things up!! So, it may appear that I might be correct about how things will be in Oct. Major butt kissin' time bye bye.  Undecided


http://www.news.com.au/world/north-america/donald-trump-wants-government-shutdown-in-september-to-fix-mess-in-senate/news-story/8a172afc1c44c1fa3cac131cf2498672

Donald Trump wants government shutdown in September to fix ‘mess’ in Senate
May 3, 20172:36am
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