As she speaks, I understand more and more why conservatives DO NOT like this woman. Her ability to break things down so that even a child can understand it, is threatening to the GOP. Keep doing the work for the PEOPLE Katie.
Lolol this right here Neither republican or democrat will like this woman if said political figure is interested in manipulating the civilians. Please try to not make things right vs left when you can. That's how they win
WTH the GOP is trying to hold the debt ceiling!!! The Democrats are flexing a little but the WH is screaming ZERO debt ceiling!!!! Have you even been listening to the whole argument? Katie Porter is a democrat fully funded by the money laundering ActBlue machine. Maybe I am misunderstanding what you are saying but Katie is actually SUPPORTING the GOP stance to hold the debt ceiling against the wishes of the WH. in spite of the fact she is a democrat! She may have been dumbing down things for the democrats so they understand that adding spending to the tune of $7 trillion per year is not something the USA can do!?!?!? She was speaking with smoke and mirrors.(And she smoked your logic! I assume by you comment you are swimming is credit card debt and bankruptcy?) She said just ignore the consequences of spending over the debt ceiling!!! I assuming that the USA has all the credit it would ever want and that a Trillion dollars in interest is a loss the USA can sustain forever!! Get cheaper shoes, get a second job, Balance the budget!!! Just getting more credit and spending more doesn't fix anything.
True! They rely on the unfortunate fact that most of their base doesn't understand or even care to understand how government functions or how politics really work in our country.
The number one threat to the elite is an informed populace. And Katie Porters ability to break down complicated topics is very much a problem for them. Keep it up.
The lengths these politicians will go to, to lie about how Fed govt finances work. The Fed govt does not operate like your household, does not take out loans from banks or use credit cards. The Fed govt issues the US dollar. People need to wise up to this duopoly charade. These people perpetuate Austerity myths and are killing us all. Katie Porter is LYING to you. You are right, the number one threat is an informed populace so stop letting these politicians LIE to you.
This is why Democrats are in trouble!!! You actually agree with her!!! She stops at the moment of truth and you are so mesmerized you don't even realize it. The reality is she hooked you with family and the plight of not having enough money so use credit. She is responsible to pretend to set a limit she can maintain. "The hook is set" as a fisherman says!!! Then she goes on to explain why she just had to spend the money so go ahead and buy more on credit and let the credit company hold you in default, take your car, take your home, take everything!!! Look beyond the lie. DO you really spend every credit card to the limit and then default on them??? Do you actually spend in your own life like she describes??? WOW I can really see how sheep fall for the emotions and forget the truth and facts. Now she gets the spending money sets up a "heart social service" for "family" like illegals and then skims 80% off as personal and business overhead for herself. That is the Nancy and Adam way they have programmed into California. You just keep writing checks and going bankrupt . Either that or this is a fake person in a bot farm reenforcing the programming of the sheep as thinking people cannot possible fall for this nonsense.
We have already spent the money. We have to pay for it. If the GOP doesn't like it then they can increase taxes. Close tax loopholes. Stop corporate welfare.
how about we curt government spending? How about we cut foreign aid? How about we cut wasteful government spending? How about we have a balanced budget? How about we close border to illegals that cost billions and pay ZERO taxes? Howe about we stop paying pensions in Ukraine and stop payuing the corrupt Zelensky for a war he and NATO caused? Get the facts!
The GOP wants the country to default and have an economic collapse. They aren't negotiating in good faith and haven't budged on anything for a reason. They move the goalpost every time Biden conceded something to them. They want the collapse. They are counting on the stupid people in America to see the economic collapse and blame Democrats for it, like always, rather than the actions that Republicans have caused. This happens every single time the pendulum swings. Then the Republicans spend like crazy when their people gain office. Americans have the memory of a goldfish.
Yes! Easy, peasy. Roll back the Trump tax cuts to the rich, fund the IRS so they can collect taxes from tax cheats. Get the money out of politics: no lobbyists, no PACs, no big corporate donors that own the Repubs. BTW, we need a national voting rights bill, Medicare for all, and the corruption to stop. We the People will vote every one of you SOBs OUT so fast your heads will spin. There are enough honest, hardworking, smart people left so that we know what it means and what it looks like to be of the people, by the people, for the people. Republicans, YOU AIN'T IT.
Katie Porter for President. She and her white board are the future of the Democratic party. She's as sharp as a tack, and doesn't take crap from ANYONE!
@@teresathayn5170 Well, she has to win her Senate race first. One thing at a time. But I share your enthusiasm -- I, as a Democrat in California, cannot wait to vote for her in the 2024 primary _and_ in the general.
Exactly. The more I look into both the Debt Ceiling and the GOP's threats during our current situation, the more I believe the GOP are counting on Americans not having brains. I'm not even half joking.
@Not Telling - They count on their base to swallow their lies without question, since the GOP keeps repeating their lies *endlessly*. They also count on their gerrymandering & voter suppression. I realize everyone already knows this, & I'm preaching to the choir, but I am just SO fed up with their dangerous, uncaring behavior.
@@grayrecluse7496 And almost all of that debt was created under Republican administrations and their cutting taxes on the wealthy. When will people get it that Reaganomics (trickle down / supply side economics) DOES NOT WORK?
Wrong. She tries but, There is no Credit Card. The United States Government prints its own currency, has a monopoly on its creation, controls the Money Supply the Interest Rate and can tax it out of its own attendant $23 Trillion Economy. Folks think the United States Government is some kind of Household or Business. What Household can do all that?
@@artandarchitecture6399 The U.S. Government creates it own Currency, why would they need a balanced budget? Frank Newman, former Deputy Secretary of the US Treasury, talking about the US national debt. The US national debt is nothing more than the sum of outstanding Treasury bonds. People often think of the national debt as if it were a credit card loan, but this is wrong. The federal budget works nothing like a household budget, and the national debt works nothing like a household debt. A Treasury security (like a bond, bill, or note) is an asset that an investor can hold to earn interest. It is functionally equivalent to a savings account (specifically a Certificate of Deposit): you give up dollars today, you get them back after a fixed amount of time, plus interest. And they get created and paid back exactly the way a savings account does at a bank. If you purchase a CD from your bank, the bank debits your checking account, and credits your savings account. When the CD matures, the bank debits this savings account, and credits your checking account. Same with a Treasury security. If you buy one, the government (specifically the Federal Reserve) will debit your bank account, and credit a "securities account" in your name. When the bond matures, the Fed will debit the securities account, and credit your checking account. It's true that we need to pay back the debt. And we do this, every single day: as bonds mature, the Fed debits the securities accounts, and credits people's checking accounts. And then, frequently, new bonds are sold to other people, whoever would prefer to hold their savings in bond form rather than deposit form. What we never need to do is pay down the debt, ie to reduce the amount of Treasury bonds in circulation. (This would be accomplished by not issuing new bonds as old ones are paid back) This is simply not necessary, and we have only even done it on a very select few times throughout our nation's history. It's also NEVER necessary to raise taxes based on the size of the debt, so long as we have a floating exchange rate and the debt is only denominated in the currency we issue. Given those circumstances, the ONLY reason we would need to raise taxes is to reduce private sector spending in order to control inflation. But if inflation isn't a worry, then there is no need to raise taxes, no matter how large the debt is, no matter what the interest payments are, etc.
Katie - We love you! Robert, Joyce and Hunter from Irvine. Hunter my, son voted for the first time last year and for you as well! Keep up the GREAT work!
I just said that!!!! She IS a pistol, isn't she? She gives me hope in a political system that is oh so broken. Maybe, if she breaks it down like this for the RepubliCANTs, they'll understand the system better. Well, we can hope!!
@@sdh42 I've been used to crooks and opportunists for so long she almost seems too good to be true... she is like a teacher or a friend's mom that you actually like being around, "whipsmart", does not appear to have any sort of agenda, she doesn't appear to lick boots like so many other politicians, like I said, she seems too good to be true
@@onamattapeeya She kinda is too good to be true. While she is a force for good in these hearings and clearly one of the most informed and intelligent members of our govt(impossible to argue even if you disagree with her politically), it has come out from many of her staffers that she is a HUGE bully. MANY reports of her acting shockingly unprofessional and innappropriate in the work place, respect she has for the american people doesn't seem to carry over much to her office. There's unfortunately some pretty nasty stuff out there
This is what a real law maker does for our country, lays out the facts as simply as possible and shows the way to an answer that is indisputable! Our country's needs, is not a political game!
@@chrishoch8046 aww, you're so fixated on Ms Porter that you forgot nearly three-quarters of the new debt in the last 2 election cycles was approved in bills that gained the support of a majority of Republicans in at least one chamber of Congress. Three-fifths of it was signed into law by Mr. Trump. So are you dumb or just a hypocrite?
Unfortunately, California is dealing with the same DNC & Dem elite corporatists that have a stranglehold on the Dem party, and they don't want someone that they can't control, or isn't owned by donors. So, not only are we fighting the GOP, but we are also fighting mainstream Dems to elect amazing folks like Katie.
Of course it artificial what did you think it was a physical barrier, the debt ceiling is supposed to limit the debt and gives bargaining power to the opposition All she said in her example was that she needed to spend without a limit, aka a ceiling, because she spent outside of her means. In her example she said “would my credit card company accept my debt ceiling as an excuse to not make my payments?” This is so incredibly foolish, she is basically saying that because she spent outside of her means, she now needs to spend further into debt in order to pay off other debts, when she should have just spent within her means to begin with
Except, she showed how those were essential expenses. I'd it's something that's needed, then you spend it. If you made a mistake, you learn, but you still have to pay - if you're a country, might need to increase taxes
This is stup!d. The debt ceiling is the level at which the banks don't think you can pay back. Given the total fiscal irresponsibility of the democrats its a wonder any country would lend us money. They know we have reached the point where the US credit rating is falling.
@@JohnHancock-zb8no The analogy is appropriate because Congress sets the budget and they set the debt ceiling separately. The appropriate time to fight over how the government is spending money is during the time Congress allocates funding for different parts of the government. That is why the debt ceiling is artificial - not because people thought that it would literally stop spending, but because in exactly the same way as the analogy, the government has a already spent the money. The negotiation over the debt ceiling is entirely a negotiation over whether we risk damage to our capacity to operate in the future, not over whether the government is spending too much.
If you need it broken down like this… lord help you. Also, the debt ceiling isn’t remotely the financial problem under which America is drowning. It’s the fact that we spend so much more than we make year over year that we need to keep raising the limit. How far into debt does the federal government need to get before we’re willing to acknowledge there’s a problem?
Katie, I would like to Thank you for all that you do, your are a voice of reason in that whirlwind of lunacy in Congress. May God Bless you and keep your and yours safe. I wish you much luck on your campaign for the Senate. ❤😊❤
Hello 👋 Cindy. How are you doing? Hope you're fine. I'm Mark Clifford and am from Denver Colorado. Where are you from? You seem like a real country girl
Katie Porter is the only person in our elected part of government who is not only like and familiar to most middle and lower income Americans but she has an intellect that allows her to quickly understand the root of problems and convey in words that are easily understood just what the hell is going on. I’d vote for her for any office in our government she would care to be in. If we had 51 other Senators like her we would see some real problem solving get done.
Porter is also not a Senator. She’s a Representative in the House, where there are lots of extremely intelligent, dedicated Democrats who come from poor or middle class backgrounds but still got good educations. AOC’s family is hard-scrabble working class so she worked as a bartender to help support them and later to pay her way through university. She graduated, with honors, with a double major in both International Relations and Economics. Good things for people in government to know about, I think. She, Porter and others like them could be making many times their Congressional salaries in the private sector, where they wouldn’t get death threats, but choose to serve the people. Get involved in primaries so Democrats like this are the nominees, and then work to get them elected. Never vote for someone born rich and look closely at anyone who’s been rich for more than 10 years.
Except she didn’t even come close to the root of the problem. Credit problems are a symptom of overspending, they’re not problems in and of themselves 😬
This is a video everyone needs to watch, regardless of politics. Too many people are out there talking about the debt ceiling without any clue of what it even is.
Hello 👋 Susan. How are you doing? Hope you're fine. I'm Mark Clifford and am from Denver Colorado. Where are you from? You seem like a real country girl
I can't get enough of this boss lady, Californians and the rest of our country are lucky to have her. We desperately need and deserve this kind of representation from many more of her experience and expertise. ✌️♥️👊
Katie Porter is the best when I see her on CNN or any station. I always pause to watch her and listen to her because she speaks the truth and she knows what she’s talking about she does her homework. God bless Katie Porter. Thank God we have people like her in the White House instead of Maga Republicans, who cover each other’s corruption.
This debt ceiling is as pointless as New Years Resolutions and I'm a dumbass that tried to maintain one during the year. These limitations probably sounded good in theory back then to make the government conscious about their spending but it's all nonsense at this point. We seem to have problems with our priorities in government these days since there's so much crap going on.
@Chris Hoch So… you are in favour of institutionalised corruption are you? Where graft and influence-peddling reigns supreme? Good to know SFB-no wonder your country is faeces-stained basket-case. Welcome to the _stupidest party_ in America: the _Repuglican_ Party-the *Stupid Peoples’ Party.* _“I never meant to say that Conservatives are generally stupid. I meant to say that stupid people are generally conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it._ _“Suppose any party, in addition to whatever share it may possess of the ability of the community, has nearly the whole of its stupidity, that party must, by the law of its constitution, be the stupidest party.”_ -John Stuart Mill, *Considerations on Representative Government* (1861)
@Chris Hoch That's not what the debt ceiling does. Did you watch the video? It's a pretty straightforward analogy. What DOES, however, add to the debt is spending 40% of what the entire world spends on military AND cutting taxes. It's like buying the biggest house in town and deciding to work part-time and then wondering why you got no money to pay your bills. This isn't an accident. It's by design. The GOP very clearly (quite literally, this is what they run on) does not want the US to succeed. They want it to fail. Why? For the same reason they tell the public it's always someone else's fault: power. They keep you weak so they stay powerful.
Genius? Yikes. This woman is explaining the debt ceiling problem without even coming close to the actual problem. Spending more than you make is the real issue. If your credit limit isn’t “high enough”, it’s because you can’t afford what you’re trying to buy. Simple enough?
The problem with those that support the likes of Trump and DeSantis is that they are so angry about the change this country going through that they cannot see the clear cut and easy to understand reasoning that she makes.
she didn't say what would happen if she can't afford the payments on the $1500 and then next the $2,000 etc - when do you stop putting extra money on the credit card - eventually you run out of money
@@jimlofts5433 shouldn't that have been asked when the former guy was adding 8 trillion dollars to the national debt? The debt that Congress is now trying to blame Joe Biden for?
Go Katie Porter! A common sense voice in a sea of double talking and side stepping politicians! I am 53 and can remember when politicians usually answered questions and were considered shady when they spoke around questions instead of answering! Please let's go back to having common sense government and no weird idol worshipping cultisim, as any sane human beings know, no one person can be infallible. Country over party and counting ALL votes, in my opinion the electoral college needs to be eliminated or drastically revamped - so that literally EVERY vote counts! Now we as a country, have to cut out a huge swath of politicians with their own whims and not "We the People" in mind! Just as a p.s. the answers from some politicians throughout the years weren't always the truth, but we did hear it from their mouths and could base our votes on what we believed, and when said politicians i.e. Nixon etc were caught in criminality they were ejected from office by not only the country but their own parties! Katie is a breath of fresh air, she is well liked and has a bright future in politics!
Great way of explaining it in simple terms. Makes you wonder why even bother having a debt ceiling, since it’s only real purpose seems to be its use as a political tool for parties to hold each other hostage with.
The lengths these politicians will go to, to lie about how Fed govt finances work. The Fed govt does not operate like your household, does not take out loans from banks or use credit cards. The Fed govt issues the US dollar. People need to wise up to this duopoly charade. These people perpetuate Austerity myths and are killing us all. Katie Porter is LYING to you.
It doesn't make me wonder. It's real purpose is as a political tool for holding the other party hostage. Without that political tool the Minority couldn't stop the Majority from spending us into oblivion. Which is what those who hate America are currently attempting to do.
The problem with this analogy is that this is the Bajillionth time you’ve broken through your personal “debt ceiling” and spend more money every month and refuse to either lower your spending or increase your hours at work to make up the difference.
Biden should not give in on debt ceiling…AMERICA DOES NOT NEGOTIATE WITH TERRORISTS…EVEN DOMESTIC TERRORISTS…A Senator is suggesting that Legislator pay is withheld to pay to debt ceiling….I LOVE this… withholding of Congressional pay. When a part of the Fed govt for 34 years, we frequently was furloughed but it never hit judiciary or Congress. This suggestion is beautiful…
As a CA voter, I am SO grateful for Katie and her whiteboard, even though I'm not in her district (Swalwell is my rep.) Keep it up, Katie - you are a gem!
Hello 👋 Dear. How are you doing? Hope you're fine. I'm Mark Clifford and am from Denver Colorado. Where are you from? You seem like a real country girl
I closer analogy is if she and her husband had agreed together to set a debt ceiling. There's now a lot bickering and arguing on who is at fault and what to do, including just not paying the cc bill. Meanwhile the kids look at their parents saying, "great. just great."
The lengths these politicians will go to, to lie about how Fed govt finances work. The Fed govt does not operate like your household, does not take out loans from banks or use credit cards. The Fed govt issues the US dollar. People need to wise up to this duopoly charade. These people perpetuate Austerity myths and are killing us all. Katie Porter is LYING to you.
All the spending that has been done was voted on by both parties. That's how it gets approved in the first place. But it is a majority rule. Now consider the fact that the last president and his party increased the deficit by one quarter of what it was..(which was the highest increase to the deficit EVER), then consider that those are the people who spent the money and now don't want to pay it back. Just like the reason they are so set on cutting social security benefits because they funded a war based on lies with social security funds and 20 years later have yet to pay it back. This isn't new behavior of this party. They have never been fiscally responsible.
Thank you, Katie Porter. Why the Democratic "leadership" is not promoting this and acting like they didn't know this whole hassle was coming I don't know. Those "leaders" need to step aside for the Katie Porters in the party.
Master class in debate, Ms. Porter, as always! It's in the 14th Amendment, all debts are to be paid, full stop. The debt-ceiling is NOT Constitutional but it has never been sent to the Courts. That being said, I definitely wouldn't want our current SCOTUS ruling on this... Just saying, all debts must be paid, it's literally in the Constitution. You break it down much better than myself :)
Yes. The US Supreme Court decision of Citizens United that sold out our elections to corporations was the most egregiously erroneous opinion marks a decline in the quality of our leadership and accountability. It has corrupted our elections and our leaders.
She reminds me of some of the professors I had and I remembered what they'd said for exams. I enjoyed college and I really liked my teachers who wanted me to learn.
Katie Porter is what I naively used to assume all politicians would be like: intelligent, articulate and able to make self-important morons look very, very foolish. The US needs more politicians like her… he’ll, the US needs more people like her.
She forgot to mention that Congress is OVER-spending OUR money and will pass the bill to keep over-spending. Not good for any American, not matter which side of the aisle you are on. That is why we are 31 Trillion in debt. Both parties are despicable for saddling us and future generations with this.
Thanks so much for all your efforts to get the American people to understand so this can stop being a tool the Republicans can blackmail the American people with every time they are not in charge.
“Credit card companies” are the legal version of loan sharks. Financing of homes, vehicles, and other items is the reason prices have stayed so high for decades. The banks did this. Now you absolutely have to have a credit card to be able to do most things. This was all a plan. Once you get in trouble financially then their system goes to work dismantling you. The convenience of swiping a card and paying later has driven up the prices! Thank you Katie Porter! We need to clone you! LoL 😂
@@hegyak That goes without saying. I’m just saying that prices in general over the decades have continued to jump up. Look at a National Geographic ad for cars from the 60’s & 70’s the new price of cars was like $1500 or $3000… financing inserted banks into and made the prices jump because it became part of our system. Yes all the corporations are making record profits off the backs of consumers. Now they are using those same tricks to make people finance toilet rolls. The entire system is a self perpetuating scam.
@@hegyak and they used 'the pandemic' as a front to do so.. you'd think since pandemic is officially over prices will restore to pre-pandemic, but no.. that will never happen! In fact, packs are getting smaller and those smaller packs are priced 3 times higher, for less product!
I have not used a credit card since 1997. Tough times come and although "emergencies" are real, it is sometimes better to suffer doing without wants vs needs. I have no issue with them using credit when it's "needed". I just want them to own up to their acknowledgement of their tax cut effects upon our revenue budget. Close the tax loopholes and reverse the unfair tax's cuts for the rich.
@@hegyak Also, merge rather than compete. We have too many industries where only three or fewer companies totally dominate. That's not enough to ensure competition benefiting consumers.
As she speaks, I understand more and more why conservatives DO NOT like this woman. Her ability to break things down so that even a child can understand it, is threatening to the GOP. Keep doing the work for the PEOPLE Katie.
Lolol this right here
Neither republican or democrat will like this woman if said political figure is interested in manipulating the civilians.
Please try to not make things right vs left when you can. That's how they win
WTH the GOP is trying to hold the debt ceiling!!! The Democrats are flexing a little but the WH is screaming ZERO debt ceiling!!!! Have you even been listening to the whole argument? Katie Porter is a democrat fully funded by the money laundering ActBlue machine. Maybe I am misunderstanding what you are saying but Katie is actually SUPPORTING the GOP stance to hold the debt ceiling against the wishes of the WH. in spite of the fact she is a democrat! She may have been dumbing down things for the democrats so they understand that adding spending to the tune of $7 trillion per year is not something the USA can do!?!?!? She was speaking with smoke and mirrors.(And she smoked your logic! I assume by you comment you are swimming is credit card debt and bankruptcy?) She said just ignore the consequences of spending over the debt ceiling!!! I assuming that the USA has all the credit it would ever want and that a Trillion dollars in interest is a loss the USA can sustain forever!! Get cheaper shoes, get a second job, Balance the budget!!! Just getting more credit and spending more doesn't fix anything.
True! They rely on the unfortunate fact that most of their base doesn't understand or even care to understand how government functions or how politics really work in our country.
YES!
In reverse, conservative thinks or believes that most of American citizen’s intelligence is below of that of children for their lies and schemes.
The number one threat to the elite is an informed populace. And Katie Porters ability to break down complicated topics is very much a problem for them. Keep it up.
The lengths these politicians will go to, to lie about how Fed govt finances work. The Fed govt does not operate like your household, does not take out loans from banks or use credit cards. The Fed govt issues the US dollar. People need to wise up to this duopoly charade. These people perpetuate Austerity myths and are killing us all. Katie Porter is LYING to you. You are right, the number one threat is an informed populace so stop letting these politicians LIE to you.
This is why Democrats are in trouble!!! You actually agree with her!!! She stops at the moment of truth and you are so mesmerized you don't even realize it. The reality is she hooked you with family and the plight of not having enough money so use credit. She is responsible to pretend to set a limit she can maintain. "The hook is set" as a fisherman says!!! Then she goes on to explain why she just had to spend the money so go ahead and buy more on credit and let the credit company hold you in default, take your car, take your home, take everything!!! Look beyond the lie. DO you really spend every credit card to the limit and then default on them??? Do you actually spend in your own life like she describes??? WOW I can really see how sheep fall for the emotions and forget the truth and facts. Now she gets the spending money sets up a "heart social service" for "family" like illegals and then skims 80% off as personal and business overhead for herself. That is the Nancy and Adam way they have programmed into California. You just keep writing checks and going bankrupt . Either that or this is a fake person in a bot farm reenforcing the programming of the sheep as thinking people cannot possible fall for this nonsense.
Amen!
And it is the wealthy elite whom "owns" this debt that must be repaid.
Yeah cause we need people that can make numbers work!!! HOORAY!
We have already spent the money. We have to pay for it. If the GOP doesn't like it then they can increase taxes. Close tax loopholes. Stop corporate welfare.
how about we curt government spending? How about we cut foreign aid? How about we cut wasteful government spending? How about we have a balanced budget? How about we close border to illegals that cost billions and pay ZERO taxes? Howe about we stop paying pensions in Ukraine and stop payuing the corrupt Zelensky for a war he and NATO caused? Get the facts!
The GOP wants the country to default and have an economic collapse. They aren't negotiating in good faith and haven't budged on anything for a reason. They move the goalpost every time Biden conceded something to them. They want the collapse. They are counting on the stupid people in America to see the economic collapse and blame Democrats for it, like always, rather than the actions that Republicans have caused. This happens every single time the pendulum swings. Then the Republicans spend like crazy when their people gain office. Americans have the memory of a goldfish.
👍👍👍👍🙂
Tax the rich already damnit!!
Yes! Easy, peasy. Roll back the Trump tax cuts to the rich, fund the IRS so they can collect taxes from tax cheats. Get the money out of politics: no lobbyists, no PACs, no big corporate donors that own the Repubs. BTW, we need a national voting rights bill, Medicare for all, and the corruption to stop. We the People will vote every one of you SOBs OUT so fast your heads will spin. There are enough honest, hardworking, smart people left so that we know what it means and what it looks like to be of the people, by the people, for the people. Republicans, YOU AIN'T IT.
Katie Porter for President. She and her white board are the future of the Democratic party. She's as sharp as a tack, and doesn't take crap from ANYONE!
I can't wait to vote for her for the presidency!!!💙
@@teresathayn5170 Well, she has to win her Senate race first. One thing at a time. But I share your enthusiasm -- I, as a Democrat in California, cannot wait to vote for her in the 2024 primary _and_ in the general.
Porter/Whiteboard 2024
Porter /Raskin would be incredible together.
@@suzannepottsshorts Let’s for 2028! We need the ultimate of experience at this time AND her kids will be much older. 😊
She makes it clear how ridiculous the situation is, no political nonsense! California - vote her to the Senate asap!
❤️🇺🇸
Exactly. The more I look into both the Debt Ceiling and the GOP's threats during our current situation, the more I believe the GOP are counting on Americans not having brains. I'm not even half joking.
@Not Telling - They count on their base to swallow their lies without question, since the GOP keeps repeating their lies *endlessly*. They also count on their gerrymandering & voter suppression.
I realize everyone already knows this, & I'm preaching to the choir, but I am just SO fed up with their dangerous, uncaring behavior.
Amen!
Everytime a AMERICAN child is born it 92,000$ in debt.
@@grayrecluse7496 And almost all of that debt was created under Republican administrations and their cutting taxes on the wealthy. When will people get it that Reaganomics (trickle down / supply side economics) DOES NOT WORK?
Representative Porter breaks it down so the truth becomes obvious. Again. Thank you👍🇺🇸
Wrong. She tries but, There is no Credit Card. The United States Government prints its own currency, has a monopoly on its creation, controls the Money Supply the Interest Rate and can tax it out of its own attendant $23 Trillion Economy. Folks think the United States Government is some kind of Household or Business. What Household can do all that?
@@artandarchitecture6399 The U.S. Government creates it own Currency, why would they need a balanced budget? Frank Newman, former Deputy Secretary of the US Treasury, talking about the US national debt. The US national debt is nothing more than the sum of outstanding Treasury bonds. People often think of the national debt as if it were a credit card loan, but this is wrong. The federal budget works nothing like a household budget, and the national debt works nothing like a household debt.
A Treasury security (like a bond, bill, or note) is an asset that an investor can hold to earn interest. It is functionally equivalent to a savings account (specifically a Certificate of Deposit): you give up dollars today, you get them back after a fixed amount of time, plus interest.
And they get created and paid back exactly the way a savings account does at a bank. If you purchase a CD from your bank, the bank debits your checking account, and credits your savings account. When the CD matures, the bank debits this savings account, and credits your checking account. Same with a Treasury security. If you buy one, the government (specifically the Federal Reserve) will debit your bank account, and credit a "securities account" in your name. When the bond matures, the Fed will debit the securities account, and credit your checking account.
It's true that we need to pay back the debt. And we do this, every single day: as bonds mature, the Fed debits the securities accounts, and credits people's checking accounts. And then, frequently, new bonds are sold to other people, whoever would prefer to hold their savings in bond form rather than deposit form.
What we never need to do is pay down the debt, ie to reduce the amount of Treasury bonds in circulation. (This would be accomplished by not issuing new bonds as old ones are paid back) This is simply not necessary, and we have only even done it on a very select few times throughout our nation's history.
It's also NEVER necessary to raise taxes based on the size of the debt, so long as we have a floating exchange rate and the debt is only denominated in the currency we issue. Given those circumstances, the ONLY reason we would need to raise taxes is to reduce private sector spending in order to control inflation. But if inflation isn't a worry, then there is no need to raise taxes, no matter how large the debt is, no matter what the interest payments are, etc.
Katie - We love you! Robert, Joyce and Hunter from Irvine. Hunter my, son voted for the first time last year and for you as well! Keep up the GREAT work!
Hopefully one day she'll be President
Yes.
lets make her senator first
%100
I just said that!!!! She IS a pistol, isn't she? She gives me hope in a political system that is oh so broken. Maybe, if she breaks it down like this for the RepubliCANTs, they'll understand the system better. Well, we can hope!!
"The Buck Stops at My Whiteboard!"
Love ya, Katie Porter! Great American hero!
Excellent. Thank you for your work Representative!
2/3's of the way through her new book and it's excellent. We desperately need more people like her in Washington.
Oh, thanks! I’m waiting for my library to get it. 🙏
I'm listening to the audiobook now - I appreciate her honesty and inside look into Congress from an average American's perspective.
@@sdh42 I've been used to crooks and opportunists for so long she almost seems too good to be true... she is like a teacher or a friend's mom that you actually like being around, "whipsmart", does not appear to have any sort of agenda, she doesn't appear to lick boots like so many other politicians, like I said, she seems too good to be true
@@onamattapeeya She kinda is too good to be true. While she is a force for good in these hearings and clearly one of the most informed and intelligent members of our govt(impossible to argue even if you disagree with her politically), it has come out from many of her staffers that she is a HUGE bully. MANY reports of her acting shockingly unprofessional and innappropriate in the work place, respect she has for the american people doesn't seem to carry over much to her office. There's unfortunately some pretty nasty stuff out there
@@jackburton2680 Point me in the direction of a source of reference please.
This is what a real law maker does for our country, lays out the facts as simply as possible and shows the way to an answer that is indisputable! Our country's needs, is not a political game!
You mean people sit through her droning on, the hearing ends, and then it goes back to business as usual.
@@craigfelter Well, after the hearing ends what do you want to happen ?
She left out some very fundamental facts. Spending more money than you have year over year is a much larger problem than your credit limit 😬
I bloody love this woman!
I 💚 you Katie. You are a great politician, communicator, role model, bad ass and you have a teacher's heart. I enjoyed your break down.
@@chrishoch8046lmao not the point at all but you go on enjoying being obtuse 😂
@@chrishoch8046 aww, you're so fixated on Ms Porter that you forgot nearly three-quarters of the new debt in the last 2 election cycles was approved in bills that gained the support of a majority of Republicans in at least one chamber of Congress. Three-fifths of it was signed into law by Mr. Trump. So are you dumb or just a hypocrite?
Yasss Katie!!! Come through and drag these fools!!! Katie 2024!!!
I love me some Katie Porter! Reading your book, love it! Keep it up Katie, America needs your abundant Iowa common sense
Californians, can we please get this woman into the Senate? I'm done with those like Schiff, Katie is the future.
Unfortunately, California is dealing with the same DNC & Dem elite corporatists that have a stranglehold on the Dem party, and they don't want someone that they can't control, or isn't owned by donors. So, not only are we fighting the GOP, but we are also fighting mainstream Dems to elect amazing folks like Katie.
Biden replacement.
Both Katie and Schiff are in the House.
@@mnsawmill2904 Right but Schiff is running against her for Feinstein's senate seat
Schiff and Porter are both worthy
Breaks this into a very easy to understand explanation, about how the debt ceiling is an artificial ceiling by Congress.
Of course it artificial what did you think it was a physical barrier, the debt ceiling is supposed to limit the debt and gives bargaining power to the opposition
All she said in her example was that she needed to spend without a limit, aka a ceiling, because she spent outside of her means.
In her example she said “would my credit card company accept my debt ceiling as an excuse to not make my payments?” This is so incredibly foolish, she is basically saying that because she spent outside of her means, she now needs to spend further into debt in order to pay off other debts, when she should have just spent within her means to begin with
Except, she showed how those were essential expenses. I'd it's something that's needed, then you spend it. If you made a mistake, you learn, but you still have to pay - if you're a country, might need to increase taxes
This is stup!d. The debt ceiling is the level at which the banks don't think you can pay back. Given the total fiscal irresponsibility of the democrats its a wonder any country would lend us money. They know we have reached the point where the US credit rating is falling.
@@JohnHancock-zb8no The analogy is appropriate because Congress sets the budget and they set the debt ceiling separately. The appropriate time to fight over how the government is spending money is during the time Congress allocates funding for different parts of the government. That is why the debt ceiling is artificial - not because people thought that it would literally stop spending, but because in exactly the same way as the analogy, the government has a already spent the money. The negotiation over the debt ceiling is entirely a negotiation over whether we risk damage to our capacity to operate in the future, not over whether the government is spending too much.
If you need it broken down like this… lord help you. Also, the debt ceiling isn’t remotely the financial problem under which America is drowning. It’s the fact that we spend so much more than we make year over year that we need to keep raising the limit. How far into debt does the federal government need to get before we’re willing to acknowledge there’s a problem?
Katie, I would like to Thank you for all that you do, your are a voice of reason in that whirlwind of lunacy in Congress. May God Bless you and keep your and yours safe. I wish you much luck on your campaign for the Senate. ❤😊❤
Hello 👋 Cindy. How are you doing? Hope you're fine. I'm Mark Clifford and am from Denver Colorado. Where are you from? You seem like a real country girl
The world needs more Katie Porter!
She’s the best
Katie Porter is a genius at rendering an issue into simple clarity. She is also not what witnesses expect.
Love ya Katie...keep up the amazing work!! Katie Porter for the Senate!! 💙VOTE BLUE💙
Katie Porter is the only person in our elected part of government who is not only like and familiar to most middle and lower income Americans but she has an intellect that allows her to quickly understand the root of problems and convey in words that are easily understood just what the hell is going on. I’d vote for her for any office in our government she would care to be in. If we had 51 other Senators like her we would see some real problem solving get done.
Bernie Sanders, John Fetterman, and some other Senators are also doing good work. Senator Porter isn't alone, fortunately.
Porter is also not a Senator. She’s a Representative in the House, where there are lots of extremely intelligent, dedicated Democrats who come from poor or middle class backgrounds but still got good educations. AOC’s family is hard-scrabble working class so she worked as a bartender to help support them and later to pay her way through university. She graduated, with honors, with a double major in both International Relations and Economics. Good things for people in government to know about, I think. She, Porter and others like them could be making many times their Congressional salaries in the private sector, where they wouldn’t get death threats, but choose to serve the people. Get involved in primaries so Democrats like this are the nominees, and then work to get them elected. Never vote for someone born rich and look closely at anyone who’s been rich for more than 10 years.
Except she didn’t even come close to the root of the problem. Credit problems are a symptom of overspending, they’re not problems in and of themselves 😬
This was so good Katie….I say for all your great work. Katie for President.
I'm adding 2 comments and liking as many posts as I can to get the algorithm to boost the visibility of this information
I am, too.
@@teresabrandon6511 Meee tooooo 👍😎✊
WTG Katie. Want Katie as my next Senator here in California.
Will be donating again to the campaign.
thank you for being you. please keep up the good work.we need more souls like you in the goverment.
I respect her so much. She's like balm against my ever more cynical perspective of human society.
Balm? More like BRAIN! Love this person!
Katie Porter. Sheer brilliance.
Subscribing to your posts. I dont want to miss them. You are a jewel.
This is a video everyone needs to watch, regardless of politics. Too many people are out there talking about the debt ceiling without any clue of what it even is.
You ROCK Rep. Porter!! 👍🏼🇺🇸🇺🇸🇺🇸
How refreshing, brains and clarity.....with a little bit of humor. Oh, yes, we certainly need her and more legislators just like her!
Hello 👋 Susan. How are you doing? Hope you're fine. I'm Mark Clifford and am from Denver Colorado. Where are you from? You seem like a real country girl
That was AWESOME. ♥️
I can't get enough of this boss lady, Californians and the rest of our country are lucky to have her. We desperately need and deserve this kind of representation from many more of her experience and expertise. ✌️♥️👊
Katie Porter is the best when I see her on CNN or any station. I always pause to watch her and listen to her because she speaks the truth and she knows what she’s talking about she does her homework. God bless Katie Porter. Thank God we have people like her in the White House instead of Maga Republicans, who cover each other’s corruption.
Katie for President.
This debt ceiling is as pointless as New Years Resolutions and I'm a dumbass that tried to maintain one during the year. These limitations probably sounded good in theory back then to make the government conscious about their spending but it's all nonsense at this point. We seem to have problems with our priorities in government these days since there's so much crap going on.
Thank you, Katie.
Leave to the Master of Congress to explain financial matters so simply.
❤ Canada sending love! You’re a hero in our home
Gawd I LOVE _Professor_ Katie Porter. Americans needs more _representatives_ like her.
@Chris Hoch So… you are in favour of institutionalised corruption are you? Where graft and influence-peddling reigns supreme?
Good to know SFB-no wonder your country is faeces-stained basket-case.
Welcome to the _stupidest party_ in America: the _Repuglican_ Party-the *Stupid Peoples’ Party.*
_“I never meant to say that Conservatives are generally stupid. I meant to say that stupid people are generally conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it._
_“Suppose any party, in addition to whatever share it may possess of the ability of the community, has nearly the whole of its stupidity, that party must, by the law of its constitution, be the stupidest party.”_ -John Stuart Mill, *Considerations on Representative Government* (1861)
You to me are A ROCKSTAR!!!! I never miss anything you say or do...I want YOU to be our PRESIDENT OF THE USA...PLEASE GOD!!!!!!!
A perfect example of why I donate to Katie monthly. And I live in Pennsylvania. She's good for the country. We must keep her around.
@Chris Hoch That's not what the debt ceiling does. Did you watch the video? It's a pretty straightforward analogy. What DOES, however, add to the debt is spending 40% of what the entire world spends on military AND cutting taxes. It's like buying the biggest house in town and deciding to work part-time and then wondering why you got no money to pay your bills.
This isn't an accident. It's by design. The GOP very clearly (quite literally, this is what they run on) does not want the US to succeed. They want it to fail.
Why? For the same reason they tell the public it's always someone else's fault: power. They keep you weak so they stay powerful.
Love Katie Porter! CA would be lucky to have her in the Senate!!!
You ROCK woman!!! Thank you for your candor. God bless you and your family. "BUY THE TICKET-TAKE THE RIDE"
Miss Porter is a friggin genius on how she lays this all out. 👏👏👏👏 And it’s all so true.
Ms. Porter? Does she use Miss? I dunno.
@@sandrajones2262 I’m not sure, I was just trying to be polite.
Genius? Yikes. This woman is explaining the debt ceiling problem without even coming close to the actual problem. Spending more than you make is the real issue. If your credit limit isn’t “high enough”, it’s because you can’t afford what you’re trying to buy. Simple enough?
Thanks Katie, you are one of the adults in the room!
Great explanation. Wish more Americans understood that defaulting on our debt would be catastrophic.
The problem with those that support the likes of Trump and DeSantis is that they are so angry about the change this country going through that they cannot see the clear cut and easy to understand reasoning that she makes.
Everybody understands it. Republican hypocrites just DGAF.
she didn't say what would happen if she can't afford the payments on the $1500 and then next the $2,000 etc - when do you stop putting extra money on the credit card - eventually you run out of money
@@jimlofts5433 shouldn't that have been asked when the former guy was adding 8 trillion dollars to the national debt? The debt that Congress is now trying to blame Joe Biden for?
@@jimlofts5433 maybe she did. This video is a short part of her presentation.
Right on katie! I am so happy to have her as a rep
It should be Nancy Peloseis final act to make sure this woman Katie is the heir to Sen.Diane Finestiens chair.
After serving 6 years in the Senate, you will be ready for 8 years as President.
💙
Go Katie Porter! A common sense voice in a sea of double talking and side stepping politicians! I am 53 and can remember when politicians usually answered questions and were considered shady when they spoke around questions instead of answering! Please let's go back to having common sense government and no weird idol worshipping cultisim, as any sane human beings know, no one person can be infallible. Country over party and counting ALL votes, in my opinion the electoral college needs to be eliminated or drastically revamped - so that literally EVERY vote counts! Now we as a country, have to cut out a huge swath of politicians with their own whims and not "We the People" in mind! Just as a p.s. the answers from some politicians throughout the years weren't always the truth, but we did hear it from their mouths and could base our votes on what we believed, and when said politicians i.e. Nixon etc were caught in criminality they were ejected from office by not only the country but their own parties! Katie is a breath of fresh air, she is well liked and has a bright future in politics!
Wow! I love your style.
You have spoken the truth. Katie is an excellent stateswoman.
Thank you very much Miss Porter!
Rep. Porter is so straight forward and clear. It's so refreshing.
Another Scammer.
Our Lady Katie ❣️
Great way of explaining it in simple terms. Makes you wonder why even bother having a debt ceiling, since it’s only real purpose seems to be its use as a political tool for parties to hold each other hostage with.
It's only one party that plays that game.
The lengths these politicians will go to, to lie about how Fed govt finances work. The Fed govt does not operate like your household, does not take out loans from banks or use credit cards. The Fed govt issues the US dollar. People need to wise up to this duopoly charade. These people perpetuate Austerity myths and are killing us all. Katie Porter is LYING to you.
Only one party uses it to hold the other hostage.
And they have it in order to hold the other one hostage
It doesn't make me wonder. It's real purpose is as a political tool for holding the other party hostage. Without that political tool the Minority couldn't stop the Majority from spending us into oblivion. Which is what those who hate America are currently attempting to do.
That is exactly the purpose. Dems have haggled over things before, but never go to the last minute like this.
I love Katie Porter!
You missed one important point... They raise your interest rate which means now what you already owe will automatically be more for years to come....
Thank you!👏🏾👏🏾👏🏾
The problem with this analogy is that this is the Bajillionth time you’ve broken through your personal “debt ceiling” and spend more money every month and refuse to either lower your spending or increase your hours at work to make up the difference.
OMG i love Katie Porter She is one smart Lady
Rep. Porter, you are my hero. Someday I hope to be able vote for you for president.
You will be able to and soon. I hope in 2024 but believe 2028.
@@randymillhouse791 Are you giving odds for that?
@@craigfelter Not really. Americans are too ignorant to see real talent.
Cool to see you posting. 🎉❤🎉
Brilliant woman, Katie Porter. Does her job for the people!
Clear, concise explanation.
Damn, Katie Porter is entertaining. And, she's right. If you buy it, you've gotta pay for it.
Biden should not give in on debt ceiling…AMERICA DOES NOT NEGOTIATE WITH TERRORISTS…EVEN DOMESTIC TERRORISTS…A Senator is suggesting that Legislator pay is withheld to pay to debt ceiling….I LOVE this… withholding of Congressional pay. When a part of the Fed govt for 34 years, we frequently was furloughed but it never hit judiciary or Congress. This suggestion is beautiful…
Brilliantly explained.
Simple, clear explanations.
This is the best explanation I've seen!😊
Please, we need this information out there...
As a CA voter, I am SO grateful for Katie and her whiteboard, even though I'm not in her district (Swalwell is my rep.) Keep it up, Katie - you are a gem!
Hello 👋 Dear. How are you doing? Hope you're fine. I'm Mark Clifford and am from Denver Colorado. Where are you from? You seem like a real country girl
Only Katie can break it down in such a succinct and simple way. Cheers from Michael. Australia.
I closer analogy is if she and her husband had agreed together to set a debt ceiling. There's now a lot bickering and arguing on who is at fault and what to do, including just not paying the cc bill. Meanwhile the kids look at their parents saying, "great. just great."
The lengths these politicians will go to, to lie about how Fed govt finances work. The Fed govt does not operate like your household, does not take out loans from banks or use credit cards. The Fed govt issues the US dollar. People need to wise up to this duopoly charade. These people perpetuate Austerity myths and are killing us all. Katie Porter is LYING to you.
Great modification.
All the spending that has been done was voted on by both parties. That's how it gets approved in the first place. But it is a majority rule. Now consider the fact that the last president and his party increased the deficit by one quarter of what it was..(which was the highest increase to the deficit EVER), then consider that those are the people who spent the money and now don't want to pay it back. Just like the reason they are so set on cutting social security benefits because they funded a war based on lies with social security funds and 20 years later have yet to pay it back. This isn't new behavior of this party. They have never been fiscally responsible.
This woman is truly amazing!!!!
Breaking it down with common sense. That's what Katie does. 👍
Your the greatest Katie!
Thank you, Katie Porter. Why the Democratic "leadership" is not promoting this and acting like they didn't know this whole hassle was coming I don't know. Those "leaders" need to step aside for the Katie Porters in the party.
Feinstein out.
Katie Porter in.
Shumer and Newsome, get it done...ASAP!
Always been a fan of this women … gives very nice examples to explain the complex part
I cant wait to vote for Katie Porter for senate!!
Katie is a rock star with her common sense breakdown.😂
Man, I adore you. Only better thing is the white board. Go Katie!
Master class in debate, Ms. Porter, as always! It's in the 14th Amendment, all debts are to be paid, full stop. The debt-ceiling is NOT Constitutional but it has never been sent to the Courts. That being said, I definitely wouldn't want our current SCOTUS ruling on this... Just saying, all debts must be paid, it's literally in the Constitution. You break it down much better than myself :)
I love this woman so much and we, as a country, are all the better for her service in Congress. Thank you Rep. Porter! 🙏🏻❤️🇺🇲
Gotta love Katie Porter. She’s an American treasure!
Thank God for Katie Porter!!!
She can speak common sense because one of the ways she fundraises is through Americans donating to her, not corporations
Yes. The US Supreme Court decision of Citizens United that sold out our elections to corporations was the most egregiously erroneous opinion marks a decline in the quality of our leadership and accountability. It has corrupted our elections and our leaders.
Thanks Katie... I like how you broke it down into the simplest forms this is brilliant.. these are the types of people we need in our government 🙏
She breaks it down so simply that even a Lauren Boebert should be able to understand
Porter is great, but don't underestimate Boebert's ability to foster ignorance.
Representative Porter provides great explanations but she's not a miracle worker.
I don't think so, Katie Porter was speaking in coherent sentences, that would probably be too much
She reminds me of some of the professors I had and I remembered what they'd said for exams. I enjoyed college and I really liked my teachers who wanted me to learn.
This was a great lesson. Thanks
Katie Porter is what I naively used to assume all politicians would be like: intelligent, articulate and able to make self-important morons look very, very foolish. The US needs more politicians like her… he’ll, the US needs more people like her.
She forgot to mention that Congress is OVER-spending OUR money and will pass the bill to keep over-spending. Not good for any American, not matter which side of the aisle you are on. That is why we are 31 Trillion in debt. Both parties are despicable for saddling us and future generations with this.
Thanks so much for all your efforts to get the American people to understand so this can stop being a tool the Republicans can blackmail the American people with every time they are not in charge.
YES! That is exactly what it is! Every President since Regan has raised the debt ceiling. All of them were not fit for office.
Are you on planet earth. I think you took too much acid or fent or something
I love this Congresswoman!
“Credit card companies” are the legal version of loan sharks. Financing of homes, vehicles, and other items is the reason prices have stayed so high for decades. The banks did this. Now you absolutely have to have a credit card to be able to do most things. This was all a plan. Once you get in trouble financially then their system goes to work dismantling you. The convenience of swiping a card and paying later has driven up the prices! Thank you Katie Porter! We need to clone you! LoL 😂
Corporations are reporting Record Profits. How? Easy. Raise Prices.
@@hegyak That goes without saying. I’m just saying that prices in general over the decades have continued to jump up. Look at a National Geographic ad for cars from the 60’s & 70’s the new price of cars was like $1500 or $3000… financing inserted banks into and made the prices jump because it became part of our system. Yes all the corporations are making record profits off the backs of consumers. Now they are using those same tricks to make people finance toilet rolls. The entire system is a self perpetuating scam.
@@hegyak and they used 'the pandemic' as a front to do so.. you'd think since pandemic is officially over prices will restore to pre-pandemic, but no.. that will never happen! In fact, packs are getting smaller and those smaller packs are priced 3 times higher, for less product!
I have not used a credit card since 1997. Tough times come and although "emergencies" are real, it is sometimes better to suffer doing without wants vs needs. I have no issue with them using credit when it's "needed". I just want them to own up to their acknowledgement of their tax cut effects upon our revenue budget. Close the tax loopholes and reverse the unfair tax's cuts for the rich.
@@hegyak Also, merge rather than compete. We have too many industries where only three or fewer companies totally dominate. That's not enough to ensure competition benefiting consumers.
I'm not in her district. I live in West Virginia. I've been telling my wife for a couple years... *Katie would make a great President.*
Love this analogy. Really puts things into perspective.
To balance the budget, Congress should raise taxes and lower spending. Pretty simple.