Subnostr

So they didn’t raise the debt ceiling after all. They suspended it “temporarily” … 😂

“U.S. President Joe Biden on Sunday finalized a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025, and said the deal was ready to move to Congress for a vote.”

https://www.reuters.com/world/us/mccarthys-next-challenge-sell-debt-ceiling-deal-congress-2023-05-28/

CRIZZI 2y ago

And most people still don't have a clue what that means and that they are getting robbed slowly but surely.

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Discussion

MattM 2y ago

I read the article and I still don't know what this means. Honestly asking for a simple explanation.

CRIZZI 2y ago

Maybe this view explains it further for you.

https://news.bitcoin.com/economist-peter-schiff-blasts-debt-ceiling-deal-states-national-debt-might-increase-by-4-trillion-in-the-next-two-years/

MattM 2y ago

Oh wait they are literally removing the debt ceiling limit temporarily till 2025? As in unlimited spending for the next 1.5 years. This didn't click in my head because it would so outrageously irresponsible.

CRIZZI 2y ago

Sounds to me excactly like it.