nativenewenglander
Recycles dryer sheets
- Joined
- Feb 25, 2017
- Messages
- 180
The scary thought is how you knew I was wearing my tinfoil hat.We can defeat your bunker and tin foil when we want.
The scary thought is how you knew I was wearing my tinfoil hat.We can defeat your bunker and tin foil when we want.
The scary thought is how you knew I was wearing my tinfoil hat.
I think sooner than later, it will toll 20 trillion times.
U.S. National Debt Clock : Real Time
Debt Ceiling due March 15.
$20 Trillion
Just sayin'
U.S. debt ceiling of $20 trillion-plus to be reached soon in next presidency - MarketWatch
What would be the impact if the government defaults on its debts?
No one knows for sure because Congress has never allowed it to happen, but economists say it could plunge the U.S. back into recession and spark a global economic crisis.
Some of us can't stay on topic. That includes me.Is there a point to the posts on the debt ceiling?
Straying off topic is something we all enjoy.Some of us can't stay on topic. That includes me.
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Straying off topic is something we all enjoy.
My question on the debt ceiling is more about all the posts with no comments or opinions, just links. If it is relevant, perhaps the poster can share his or her own opinion as to why.
The crisis sparked the most volatile week for financial markets since the 2008 crisis, with the stock market trending significantly downward. Prices of government bonds ("Treasuries"), rose as investors, anxious over the dismal prospects of the US economic future and the ongoing European sovereign-debt crisis, fled into the still-perceived relative safety of US government bonds. Later that week, the credit-rating agency Standard & Poor's downgraded the credit rating of the United States government for the first time in the country's history, though the other two major credit-rating agencies, Moody's and Fitch, retained America's credit rating at AAA. The Government Accountability Office (GAO) estimated that the delay in raising the debt ceiling increased government borrowing costs by $1.3 billion in 2011 and also pointed to unestimated higher costs in later years.[1] The Bipartisan Policy Center extended the GAO's estimates and found that delays in raising the debt ceiling would raise borrowing costs by $18.9 billion.[2]]
As he has done in the past, Jadeja offers up specific dates around which he expects “potential volatility for market declines.” One of those is March 13 — Monday. But if that doesn’t materialize, then he says watch out for May 11. He’s more concerned about the latter date than the former.