Jerome Powell and Janet Yellen warn of economic crisis if the debt ceiling isn't raised

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[maclemaster]

Maybe instead of sending our tax dollars overseas they should stay here and pay our debt

[masongroves]

who coulda seen this coming?!?! This same woman was claiming that “everything’s fine” 4 months ago.

[ahtribeofjudah]

All these crooks! You people haven't caught on to their scheme yet?

[jaym]

The financial system is a ticking time bomb.

[Deibodese]

Basic structure of any scam:
1. Give upsetting news to the intended target to get them outside of calm, rational thought processes.
2. Warn the person that something terrible will happen very soon, or is happening right now, and can’t be avoided.
3. Give the target a solution fir the problem. Make it very clear they must act on this solution *right now* to avoid disaster.
4. Speed the target through your solution, which completes the scam. (Money, property, signed away rights of some kind)

Compare this structure to: Climate change, Covid 19, Voting for X politician, Raising the debt ceiling, etc.

[lavajavalava]

You ever max out a credit card and get an increase to keep your lifestyle? What happens when you don't start paying it back?

[mlecarre]

Government is wasteful….learn to live within your means, before asking taxpayers for more.

[timmoore]

How about we stop lockdowns and get tf back to work weenies!!!

[googleuser]

Never let a good crisis go to waste fleecing season again.

[elicooper]

The economic crisis would be burdening the country with another $3T of spending.

[MikeJones-ocih]

Just print more. It’s the best economic model. I mean, haven’t they played monopoly before? It’s real money! We could just use that!

[johnkaren]

I think this pandemic has taught alot of people the important of multiple streams of income, unfortunately having a job doesn't mean security...No rich man or woman made it through salary, investing will be wise.

[johnfajer]

lol, we''ve been in an economic crisis since August of 1971.

[GeorgeVanAken]

Yeah, that’s what I told the bank.
I can’t pay for any of my crap. Therefore, I demand you raise my credit limit.
Makes perfect sense. What a wonderfully astute administration we have!

[timmylittle]

Good! Shut it all down, close it all up. You put nurses out on the street with no money….why should we give a F about the rest of it

[hopesfallwin]

maybe spending $6trillion in 9 months created this issue huh? Weird how printing monopoly money causes issues

[ExtremelyAverage]

BOTH WORK FOR THE FED. Of course the private central bank that issues our debt based currency would want us to borrow more at interest. Get ready for another depression.

[scottbo]

Wow I thought fer sure she was gonna say. " It's Trump's fault ".

[hueydoc]

How about you stop spending money we don't have ?
Or better yet, cut Welfare ?

[sectech]

This is ridiculous. Just continue driving our country into the freaking ground. We are all about to be starving and unable to afford ANYTHING. Sad thing is this is just the beginning.