It should be up for debate because it matters *how* we pay our debts. Racking up more debt paying off old debt is just taking out a credit card to pay the mortgage, not fiscally responsible.
@@chrisbammer4946 We need to not borrow or spend unnecessarily in the first place. But debts must be paid. Don't talk to me, Kid Rock. I can't stand your ass.
This is why our kids and grandkids are facing massive debt because of stupid irresponsible thinking like this! JUST THE INTEREST ALONE ON THE NATIONAL DEBT IS ALMOST AS LARGE AS THE WHOLE FREAKING DEFENSE BUDGET!
Step #1: fix today's debt ceiling thing. DONE! Step #2: abolish the debt ceiling, in parallel with fixing the budget process. (If the country hasn't had a budget in 20 years, there is something wrong.) Step #3: get rid of the deficit - reduce costs/increase revenues so that the debt does not grow. 17% of budget pays interest on the debt!? FISCAL RESPONSIBILITY IS HALF OF GOVERNING.
If you know so well why are you telling it on TH-cam? Why not go and be the one who make a difference 🤔 I am not American either, just find it funny how you can tell how to do better but you won't do the work yourself 🤣 Even funnier that you're not American, what u bother with problems that don't affect you 🤣
@@theuniverse2268 I'm too old and crazy and Canadian 🍁to fix the U.S. debt. I'm just interfering in your elections. But, you, YOU! America needs a hero.
The debt ceiling was put in place to limit rampant spending in budgets when one party gets control. A better way to do the debt ceiling is more like the IRS tax code, scaled and progressive. For example if 2022 Debt to GDP at the beginning of the year is 10-40% of GDP then Budget may spend up to 140% of 2021 revenue in 2023, If 40-70% then it may spend 115%, if 70-100% it may spend 107%, if 100-115% It may spend 90%, if 115-125% it may spend 75%. SS and Medicare must be separate revenue and distribution independent of budget for retirement, and the disability portion would be brought into the general budget. Debt payments are required to be calculated in the budget. Put this as an amendment and the brinksmanship and overborrowing risk fades away.
@@theuniverse2268 I can help you with a policy agenda. "Goats For Guns" - an exchange program, so few suicides by goat. (Although guns don't eat your roses)
People think that the debt ceiling is like a credit card limit. Like if I had a $100 limit on my card. If that were the case, it would actually make sense. But that's not really what it is; it's a limit on our ability pay back debts we already have. That would be like if my credit card had no limit, but I told the credit card company that no matter how much debt I racked up, I would only pay back a maximum of $1000, because I had a self-imposed debt ceiling of $1000. That's insanity.
Yeah. Printing money is not the same as credit. Profits pays the bills to investors. Not defict spending pays investors. Defict spending is when the banks have cash in their vault. The banks have this cash on hand. If you did a bank audit. The banks has no collateral on the books. Such as mortgages and car titles. The bank is not making profits off of the cash on hand. So they print more free money to make profits. The lenders want intrest rates on their investments. You understand. The banks have no collateral to make profits on. So they can't make their intrest payments to investors. They can't pay their debts. The banks have cash on hand. And cash on hand doesn't earn profits. The banks don't need cash. They need mortgages and car titles in their vault. Because investing creates profits to pay investors. These profits balances the budget. Profits pays the bills to investors. Not defict spending pays investors.
Really!!???....is this really a question?... 😃So yeah...do away with the debt ceiling clause; which would plummet the U.S. currency even more; then the U.S. new economy will be inflation!😅..great job people👍🏽
The alternative is that the problem keeps getting kicked down the road for someone else. When it reaches that last person the situation is going to be even more dire than it is now. What happens after that is going to make the depression look like a normal Tuesday.
This has always been unconstitutional. It is a direct violation of the fourteenth amendment and it states it plain and simple. I'm shocked this is still a thing.
@@goodtroublemaker143 well, the people in government want to keep their money somehow. Duh! Don’t you get it! The politicians and the corporations use the same tax codes! Lol
There is NO need for a debt ceiling. When Congress approves a bill and the expense of the bill, the cost automatically becomes a financial liability - period. It is up to the Treasury department to decide if there are sufficient funds in the tax income accounts to pay all liabilities. If there are not sufficient funds, then the Treasury has to borrow money therein creating funding to pay the liabilities. Congress authorized the expense, Treasury funds the expense. The one thing Congress needs to do is to control spending and they are NOT doing that. No more pet project pork barrel funding attached to another bill, each expense must be authorized as a single item and the artificial debt ceiling passes into history where it belongs.
You said control spending they could also raise revenue... It is all about what are the countries priorities... We spend 800B a year on our war making machine... and a fraction of that taking care of our people... Hmmm maybe something is a little wrong! If we want to be Sparta... we need to pay for it... So raise the fortunes to support it..
I lost a house because of Ted Cruz & his Ham & Eggs government shutdown stunt. It’s had lifelong impact. I’m beginning to find that the club of Ted Cruz Casualties is quite large.
We keep kicking this can down the road. I get not wanting it to happen on our watch but it's going to happen and if not on ours, then who's? Your children? Their children? We can't keep delaying our debt like this.
Considering the law passed in 1917 dealt with Liberty Bonds to finance WWI the broad interpretation that it applies to monies already appropriated by Congress makes no sense.
No! If they ditch the debt ceiling there'd be no limit to what they can spend. At least with the debt ceiling they're forced to talk about wasteful spending even if they usually ignore it anyway.
Not at all; this setting of a debt ceiling is a relic from the past, and *_then_* it was enacted for an entirely different reason. Congress has *_thee sole power_* to authorize spending; they are the only ones who sign off on each year's budget. There is *_no need_* for a debt ceiling to control spending. But, the *_appropriations_* for the accepted budget is a separate process that goes through the House Committee on Appropriations which has *_twelve_* subcommittees. Appropriations are made through several different bills applied to different categories of spending and different agencies. It's a slow process, but one that is traditionally approved because *_the spending has already been authorized_* by authorizing the budget. *CONTROL SPENDING BY NOT AUTHORIZING SPENDING YOU DON'T WANT **_IN THE BUDGET NEGOTIONS_* for the next fiscal year's budget. In 1917, during World War I, Congress created the debt ceiling with the Second Liberty Bond Act of 1917, which allowed the Treasury to issue bonds and *_take on other debt_* without specific Congressional approval, *_as long as the total debt fell under the statutory debt ceiling._* ------------------------------------------------------------------------------------------------------------------------- The continual propaganda you hear has given you a bad habit; keep it if you want, but at least know what you are doing when you do it. The adding of negative adjectives is a none too subtle, but effective propaganda technique employed ad nauseum in the political arena. There is no "wasteful" spending; once it has been signed off on by Congress, supposedly on behalf of the American people, it is *_AUTHORIZED SPENDING,_* not wasteful spending.
Congress won't do that as it is always a good show to fool the voters by playing tough. Showing the voters that politicians care about spending. Just a show.
Why not ditch deficit spending? Congress should live with it’s means. Provide only the essential government functions, lower taxes, and let the people keep their money. History has proven that the economy will be supercharged and people will need fewer government services.
Your country needs a 3rd strong pollical party. Your government has 3 areas so that they all check the others power. Why is this not implanted for your politics?
I didn't like this explanation. The national debt isn't like any other debt, because the US prints the currency. The debt is money we borrow against the future economy. The problem occurs when the payments on the debt take too much of a cut into our economic growth. The debt is growing at 5% while the economy is growing at 3%. It's not a problem now but it will be in the future.
America needs to pay down there debt and stop being so unbelievably careless...SOMEBODY HAS TO STOP SPENDING MORE THAN THEY MAKE...WHAT'S SO HARD TO UNDERSTAND
That is absolute BS. Congress determines spending in their budget bills. The debt ceiling is just a stupid anomaly where you're basically saying: We already said we're going to spend this money, are we going to borrow to do it or not? If they're so worried about the national debt, and they should, it's at 31,8 trillion dollar, they should pass balanced budgets.
Time to end the human political side of this debt ceiling, the debates that Republicans state every year are false to keep their seats, we know what the approximate budget is via the treasurys computers and others
No worry. The debt ceiling will be continued to be raised. All the tension is just for show. US will just continue to print, print and print more money until a total collapse. The government will simply kick the can down the road for the future generation to resolve. Everyone can see that US decline is accelerating.
That is an interesting take fun things. A lot of times I like to hear both sides of the story so that I can get more information about what is going on.
What continues to be denied is the fact that we are now, and we forevermore shall be in the quantitative easing era (QE era) ever since QE2, 2008 with specific reference to QE3infinity, 2012 and or what I call Equity Spending (TH-cam, video 9) or ES with this new QE era totally negating all of the previous federal funding measures prior to 2008. This denial of the fact that we now electronically generate we the people's QE $s in order to meet federal expenditures when there are insufficient funds available from our now defunct federal tax revenue system that will never, can never, ever be revived has got to stop. The fact of the matter is that we do not actually borrow nor can we payback, for that matter, these QE $s that are we the peoples' electronically generated QE $s because these QE $s are..., (duuuh) electronically generated QE $s. Everything has changed since QE2 and yet we are still pretending that everything is the same which is to live a lie. Everything is not the same, we do not have a national debt, but instead we only have a federal deficit that is totally irrelevant, as far as the amount. I'm not the only person in the world that is acknowledging the reality of QE and I can name names starting with former President Ronald Regan and then former President George W. Bush and former Vice-president Dick Cheney who are all on the public record as stating - "The [federal] deficit does not matter" - which is the same as saying that we do not actually have a national debt because of the reasons already stated. Then today, all of our top tier federal officials like Treasury Secretary Yellen and Fed Chaiman Powell as well as President Trump, Rep. Nancy Pelosi and several others are all very much aware of the reality of QE, but they are not sharing what they know with the masses for a myriad of reasons which, as far as I'm concerned, is to be committing a crime against all of humanity. These people commenting about the "pseudo national debt" and all the rest really don't have a clue, and all you need to do in order to prove this assertion is to publicly present the right questions to people like Pelosi, Trump, Yellen, Powell and a few others which has never been done.
I'm of the opinion that if the government approaches the debt ceiling then the budget must be 50/50 spending increase and next fiscal year cuts. Dollar for dollar, and 1/3 of the cuts must come from personal reduction with no severance.
The debt ceiling was created under the Second Liberty Bond Act of 1917 and is also known as the debt limit or statutory debt limit. It was created by congress during World War I to make the federal government fiscally responsible and to stem spending. In essence it's a spending cap. BUT, is it observed, used, respected as such? Absolutely not.The debt ceiling is used for political strategy, power grabbing, talking points and party policies boasting purposes. Every year it's the same thing, the same battle. What has been proven to me, and many others, is that our elected officials love spending our money with no accountability. Has every cent of our money been audited and accounted for. Is every cent spent an absolutely necessary expenditure? The honey pot (Americans wallets) is, as is our petroleum reserves, running low.
“Do not store up for yourselves treasures on earth, where it grows rusty and moth-eaten, and thieves will break in to steal it. Store up treasure in heaven, where there is no moth and no rust to spoil it, no thieves to break in and steal. For where your treasure is, there will your heart be also.” - (The Prophet and Messiah Jesus of Nazareth at Matthew 6: 19-20) -
America will have much better footing in New Biden policy's moving forward it may take yrs b4 we fell the changes but bottom line is we are moving and creating millions of good paying job's to stay MADE IN AMERICA IS A MUST....chip manufacturers inside America all MADE IN AMERICA...
Lol. You're just a watered down catholic. The abrahamic faiths all worship the real devil and call him God. Its why he is jealous and vengeful. The 7 tenets of Satanism is much more conducive to a kind person or God.
Love the Lord, your God, with all your heart, soul, mind and strength, and love your neighbor as yourself, Jesus said. And come follow Me ❤️📖nkjv🙏🙂🕊🇺🇸🕊
And yet it was Trump who increased America's debt by $trillions! It was Trump who gave nearly $2 trillion in tax cuts to rich millionaires and billionaires! I could go on... but I suspect it is people such as yourself John Huston who make 'stupid' statements as you have, who voted for Trump... who are responsible for creating this problem in the first place?
Idk the answer to this headline….but viewers should ditch cnn like 10 years ago…anyone taking cnn seriously is one of the last souls on earth to wtf up!
INTELLIGENCE EMERGENCY CLANDESTINE COMMUNICATIONS: To prevent our operators to run any risk, while receiving ‘a mobile eavesdrop’ we can activate Regional Amber Alerts, while disguising the message to the operative using this amber alert. You know what I mean, they can’t see 1 message among millions of messages.
Taxes should be paid by all , stop letting the rich skate n pay their fair share , period 🥴🥴😔😔🙏🙏
We should always pay our debts and it should not be up for debate whether we will or won't.
It should be up for debate because it matters *how* we pay our debts.
Racking up more debt paying off old debt is just taking out a credit card to pay the mortgage, not fiscally responsible.
@@chrisbammer4946 We need to not borrow or spend unnecessarily in the first place. But debts must be paid. Don't talk to me, Kid Rock. I can't stand your ass.
I'm glad that you're not my financial advisor
@@cc8751 I'm glad you aren't mine either. Isn't nice to agree? 💯💯💯
@@cc8751 How's that tax evasion working for Ya? 😘😘😂😂💯💯
This is why our kids and grandkids are facing massive debt because of stupid irresponsible thinking like this! JUST THE INTEREST ALONE ON THE NATIONAL DEBT IS ALMOST AS LARGE AS THE WHOLE FREAKING DEFENSE BUDGET!
Step #1: fix today's debt ceiling thing. DONE! Step #2: abolish the debt ceiling, in parallel with fixing the budget process. (If the country hasn't had a budget in 20 years, there is something wrong.) Step #3: get rid of the deficit - reduce costs/increase revenues so that the debt does not grow. 17% of budget pays interest on the debt!? FISCAL RESPONSIBILITY IS HALF OF GOVERNING.
If you know so well why are you telling it on TH-cam? Why not go and be the one who make a difference 🤔
I am not American either, just find it funny how you can tell how to do better but you won't do the work yourself 🤣
Even funnier that you're not American, what u bother with problems that don't affect you 🤣
@@theuniverse2268 I'm too old and crazy and Canadian 🍁to fix the U.S. debt. I'm just interfering in your elections. But, you, YOU! America needs a hero.
The debt ceiling was put in place to limit rampant spending in budgets when one party gets control. A better way to do the debt ceiling is more like the IRS tax code, scaled and progressive. For example if 2022 Debt to GDP at the beginning of the year is 10-40% of GDP then Budget may spend up to 140% of 2021 revenue in 2023, If 40-70% then it may spend 115%, if 70-100% it may spend 107%, if 100-115% It may spend 90%, if 115-125% it may spend 75%. SS and Medicare must be separate revenue and distribution independent of budget for retirement, and the disability portion would be brought into the general budget. Debt payments are required to be calculated in the budget. Put this as an amendment and the brinksmanship and overborrowing risk fades away.
@@theuniverse2268 I can help you with a policy agenda. "Goats For Guns" - an exchange program, so few suicides by goat. (Although guns don't eat your roses)
@@wendigo53 I'm not American either I'm just here enjoying the shit show
Ditch 46!
Let the government fall. We have had enough
🎯AMEN
Absolutely! It's a political ploy!
We should eliminate the debt ceiling, but making it illegal to not have a fiscally responsible government.
Congress should be fired
Biden should be fired and the entire senate. And the remaining democrats in the house.
Yes.
People think that the debt ceiling is like a credit card limit. Like if I had a $100 limit on my card. If that were the case, it would actually make sense. But that's not really what it is; it's a limit on our ability pay back debts we already have. That would be like if my credit card had no limit, but I told the credit card company that no matter how much debt I racked up, I would only pay back a maximum of $1000, because I had a self-imposed debt ceiling of $1000. That's insanity.
Yeah. Printing money is not the same as credit.
Profits pays the bills to investors. Not defict spending pays investors.
Defict spending is when the banks have cash in their vault. The banks have this cash on hand. If you did a bank audit. The banks has no collateral on the books. Such as mortgages and car titles.
The bank is not making profits off of the cash on hand. So they print more free money to make profits. The lenders want intrest rates on their investments.
You understand. The banks have no collateral to make profits on. So they can't make their intrest payments to investors. They can't pay their debts.
The banks have cash on hand. And cash on hand doesn't earn profits.
The banks don't need cash. They need mortgages and car titles in their vault. Because investing creates profits to pay investors. These profits balances the budget.
Profits pays the bills to investors. Not defict spending pays investors.
Really!!???....is this really a question?...
😃So yeah...do away with the debt ceiling clause; which would plummet the U.S. currency even more; then the U.S. new economy will be inflation!😅..great job people👍🏽
The alternative is that the problem keeps getting kicked down the road for someone else. When it reaches that last person the situation is going to be even more dire than it is now. What happens after that is going to make the depression look like a normal Tuesday.
This has always been unconstitutional. It is a direct violation of the fourteenth amendment and it states it plain and simple. I'm shocked this is still a thing.
I'm shocked at your spending habits
@@cc8751I’m shocked that we let corporations and the wealthy dodge their taxes so easily.
@@goodtroublemaker143 well, the people in government want to keep their money somehow. Duh! Don’t you get it! The politicians and the corporations use the same tax codes! Lol
@@davidc3943 I said “we” meaning we keep voting against our interests. I get it, you missed my point.
@@goodtroublemaker143 the government brought in record income...I think we have a spending problem.
There is NO need for a debt ceiling. When Congress approves a bill and the expense of the bill, the cost automatically becomes a financial liability - period. It is up to the Treasury department to decide if there are sufficient funds in the tax income accounts to pay all liabilities. If there are not sufficient funds, then the Treasury has to borrow money therein creating funding to pay the liabilities. Congress authorized the expense, Treasury funds the expense. The one thing Congress needs to do is to control spending and they are NOT doing that. No more pet project pork barrel funding attached to another bill, each expense must be authorized as a single item and the artificial debt ceiling passes into history where it belongs.
You said control spending they could also raise revenue... It is all about what are the countries priorities... We spend 800B a year on our war making machine... and a fraction of that taking care of our people... Hmmm maybe something is a little wrong! If we want to be Sparta... we need to pay for it... So raise the fortunes to support it..
I asked my credit card company to remove my limit because I don’t make enough to pay it off and I’m not a dead beat. Still waiting for a response.
👍
They sent it straight to collections that’s why 😂
Pay your credit cards bill in full when the statement arrives like I do and then you don’t have any credit card debt.
@@murphyrod4839 lol. Exactly, democrats should do the same.
No matter how many times they try to deny it that is the Republican plan
Kinda slow aren’t you 🎉.
What??🤔
@@thewillofus.defend1351if you don’t see it, you’re the slow one.
@@goodtroublemaker143 lmao. Says the wokie hive minder
@@user-mt5lh1bi3edo you think I'm wrong?
Yes they should Because the amount of money That I lost in my 401K because of Ted Cruz.
I lost a house because of Ted Cruz & his Ham & Eggs government shutdown stunt. It’s had lifelong impact. I’m beginning to find that the club of Ted Cruz Casualties is quite large.
Lol. You lost it because of yourself.
YES
*This is why our kids and grandkids are facing massive debt because of stupid irresponsible thinking like this!*
We keep kicking this can down the road. I get not wanting it to happen on our watch but it's going to happen and if not on ours, then who's? Your children? Their children? We can't keep delaying our debt like this.
Dismantle it all! Defund and reimburse us
Considering the law passed in 1917 dealt with Liberty Bonds to finance WWI the broad interpretation that it applies to monies already appropriated by Congress makes no sense.
No! If they ditch the debt ceiling there'd be no limit to what they can spend. At least with the debt ceiling they're forced to talk about wasteful spending even if they usually ignore it anyway.
Not at all; this setting of a debt ceiling is a relic from the past, and *_then_* it was enacted for an entirely different reason.
Congress has *_thee sole power_* to authorize spending; they are the only ones who sign off on each year's budget. There is *_no need_* for a debt ceiling to control spending. But, the *_appropriations_* for the accepted budget is a separate process that goes through the House Committee on Appropriations which has *_twelve_* subcommittees.
Appropriations are made through several different bills applied to different categories of spending and different agencies. It's a slow process, but one that is traditionally approved because *_the spending has already been authorized_* by authorizing the budget. *CONTROL SPENDING BY NOT AUTHORIZING SPENDING YOU DON'T WANT **_IN THE BUDGET NEGOTIONS_* for the next fiscal year's budget.
In 1917, during World War I, Congress created the debt ceiling with the Second Liberty Bond Act of 1917, which allowed the Treasury to issue bonds and *_take on other debt_* without specific Congressional approval, *_as long as the total debt fell under the statutory debt ceiling._*
-------------------------------------------------------------------------------------------------------------------------
The continual propaganda you hear has given you a bad habit; keep it if you want, but at least know what you are doing when you do it. The adding of negative adjectives is a none too subtle, but effective propaganda technique employed ad nauseum in the political arena. There is no "wasteful" spending; once it has been signed off on by Congress, supposedly on behalf of the American people, it is *_AUTHORIZED SPENDING,_* not wasteful spending.
Congress won't do that as it is always a good show to fool the voters by playing tough.
Showing the voters that politicians care about spending.
Just a show.
Exactly. And most of the population falls for it.
Benny Hill considered funnier than Monty Python by two TV stations--WOR and WLVI.
Thank you CNN for keeping us informed
🤮🤮
What? Informed? Huh?
@@saywhat8966 at least they seem to be trying
Of course. Just keep printing
All I hear from them is lies, lies and more lies.
Why not ditch deficit spending? Congress should live with it’s means. Provide only the essential government functions, lower taxes, and let the people keep their money. History has proven that the economy will be supercharged and people will need fewer government services.
Eliminate the Debt Ceiling Now
Гардрикта мугазот боракта каскрот ияхта гуфраниякта гудракт.
No. Congress should make the debt ceiling unnecessary by basically making the deficit and debt illegal.
Your country needs a 3rd strong pollical party.
Your government has 3 areas so that they all check the others power.
Why is this not implanted for your politics?
Фриянка кульбароса букта стика рубикон лояска кафритакуска бундароса кухкаруска.
I don't have enough information to make a decision
They need to DITCH46!
Лартака сток бунданка рок 👍 фияркута бонза бугазотка тутка сияние бухта.
I didn't like this explanation. The national debt isn't like any other debt, because the US prints the currency. The debt is money we borrow against the future economy. The problem occurs when the payments on the debt take too much of a cut into our economic growth. The debt is growing at 5% while the economy is growing at 3%. It's not a problem now but it will be in the future.
Communist China is holding our debt.
The world needs to Ditch CNN!!!
We’re all going to be ok! I mean, just take look around! There are fast food restaurants EVERYWHERE 💯
And most gas stations are run by families of foreigners.
Крагунана бракта дриктоскт кубланкт гизания гранкта каринакт габланкта графинкта.
Stupidity!😢
America needs to pay down there debt and stop being so unbelievably careless...SOMEBODY HAS TO STOP SPENDING MORE THAN THEY MAKE...WHAT'S SO HARD TO UNDERSTAND
Ditching the debt ceiling is like giving your teenager a credit card with no limits.
That is absolute BS. Congress determines spending in their budget bills. The debt ceiling is just a stupid anomaly where you're basically saying: We already said we're going to spend this money, are we going to borrow to do it or not?
If they're so worried about the national debt, and they should, it's at 31,8 trillion dollar, they should pass balanced budgets.
C-SPAN WASHINGTON JOURNAL DEMOCRAT OPERATIVES RIGGED CALLS 😂😂😂😂😂😂😂😂😂
Time to end the human political side of this debt ceiling, the debates that Republicans state every year are false to keep their seats, we know what the approximate budget is via the treasurys computers and others
Brandon's administration has has thrown our once thriving economy out the window so....why not?
Thanks comedy section
No worry. The debt ceiling will be continued to be raised. All the tension is just for show. US will just continue to print, print and print more money until a total collapse. The government will simply kick the can down the road for the future generation to resolve. Everyone can see that US decline is accelerating.
Каркустка страктакта барзактория бакраска буструкт фиграния фидачкот.
Great idea !!!
The dollar will become totally worthless.
Дранкта гулизгат кадраскта гублана лугарот бензикта кугланкта лигазот трикдрастка.
All active. Government David
Only way is to do corrective business with all debt owners
•
That is an interesting take fun things. A lot of times I like to hear both sides of the story so that I can get more information about what is going on.
Infinite money
What continues to be denied is the fact that we are now, and we forevermore shall be in the quantitative easing era (QE era) ever since QE2, 2008 with specific reference to QE3infinity, 2012 and or what I call Equity Spending (TH-cam, video 9) or ES with this new QE era totally negating all of the previous federal funding measures prior to 2008. This denial of the fact that we now electronically generate we the people's QE $s in order to meet federal expenditures when there are insufficient funds available from our now defunct federal tax revenue system that will never, can never, ever be revived has got to stop. The fact of the matter is that we do not actually borrow nor can we payback, for that matter, these QE $s that are we the peoples' electronically generated QE $s because these QE $s are..., (duuuh) electronically generated QE $s. Everything has changed since QE2 and yet we are still pretending that everything is the same which is to live a lie. Everything is not the same, we do not have a national debt, but instead we only have a federal deficit that is totally irrelevant, as far as the amount.
I'm not the only person in the world that is acknowledging the reality of QE and I can name names starting with former President Ronald Regan and then former President George W. Bush and former Vice-president Dick Cheney who are all on the public record as stating - "The [federal] deficit does not matter" - which is the same as saying that we do not actually have a national debt because of the reasons already stated. Then today, all of our top tier federal officials like Treasury Secretary Yellen and Fed Chaiman Powell as well as President Trump, Rep. Nancy Pelosi and several others are all very much aware of the reality of QE, but they are not sharing what they know with the masses for a myriad of reasons which, as far as I'm concerned, is to be committing a crime against all of humanity.
These people commenting about the "pseudo national debt" and all the rest really don't have a clue, and all you need to do in order to prove this assertion is to publicly present the right questions to people like Pelosi, Trump, Yellen, Powell and a few others which has never been done.
Should we ditch the Cainite News Network ?
I'm of the opinion that if the government approaches the debt ceiling then the budget must be 50/50 spending increase and next fiscal year cuts. Dollar for dollar, and 1/3 of the cuts must come from personal reduction with no severance.
DITCH 46!
Гуфиниякта гадраст
The debt ceiling was created under the Second Liberty Bond Act of 1917 and is also known as the debt limit or statutory debt limit. It was created by congress during World War I to make the federal government fiscally responsible and to stem spending. In essence it's a spending cap. BUT, is it observed, used, respected as such? Absolutely not.The debt ceiling is used for political strategy, power grabbing, talking points and party policies boasting purposes. Every year it's the same thing, the same battle.
What has been proven to me, and many others, is that our elected officials love spending our money with no accountability. Has every cent of our money been audited and accounted for. Is every cent spent an absolutely necessary expenditure?
The honey pot (Americans wallets) is, as is our petroleum reserves, running low.
“Do not store up for yourselves treasures on earth, where it grows rusty and moth-eaten, and thieves will break in to steal it. Store up treasure in heaven, where there is no moth and no rust to spoil it, no thieves to break in and steal. For where your treasure is, there will your heart be also.” - (The Prophet and Messiah Jesus of Nazareth at Matthew 6: 19-20) -
HAPPY TRANSGENDER PRIDE MONTH , it's OK to come out ! some of us are Younger attracted and that's OK #SOFTLITTLEBUTTS
"Im not as worried about the Ceiling as I am about the FLOOR!" - Tippy Joe.
America will have much better footing in New Biden policy's moving forward it may take yrs b4 we fell the changes but bottom line is we are moving and creating millions of good paying job's to stay MADE IN AMERICA IS A MUST....chip manufacturers inside America all MADE IN AMERICA...
@@dannypomeroy9255
Maybe it'll reset the global economy 😅
It is very concerning that China is being so aggressive with a weak US President in power.
😂 Weak? Ok, buddy. Times for your meds.
Гугразия мордокрет гудрофолт ияска.
LMAO
we don't need more debt, we need more Jesus in this country!! And we do that by reelecting the greatest president of our generation, donald J Trump
Lol. You're just a watered down catholic. The abrahamic faiths all worship the real devil and call him God. Its why he is jealous and vengeful. The 7 tenets of Satanism is much more conducive to a kind person or God.
I’m done with CNN 😂😂
Why, did they say something that was true, but you didn't like it?
That's not a fault with CNN, and that's fault with 'your' attitude!
It's a great place to make a protest, if anyone real ever reads our comments.
Russian bots do not watch CNN afaik.
CNN is done with YOU!
@@SCP-1995 Research is now focusing on methods to reduce the ambient heat in the chamber drastically.
😢
12K views · 20 hours ago
👍319 likes 😄
Yes, get rid of it so the Dems can spend what they want. Besides, when it doesn't help the Dems you get this, kind of like the filibuster.
Love the Lord, your God, with all your heart, soul, mind and strength, and love your neighbor as yourself, Jesus said. And come follow Me ❤️📖nkjv🙏🙂🕊🇺🇸🕊
How does CNN still exist???
Very super dear all great thanks for sweet good dreams 🙏🥦🍎🥦🍎🍒🍊🍀🍀🌻🌼🍅🍅🍏☘️🌴🌳🌴🙏🙏🍋🍑🌲🍑🌱🌳🍍🥭🥭🌳🍇🍈🌽🌵🌵🌿🌿🍎🍎🍎🍎🍎🥦🥦🥦🥦🥦🥦🥦🌻🌼🥦🥦🥦👈
I hope they get some productivity out of the government deadbeats on drugs and alcohol.
And yet it was Trump who increased America's debt by $trillions!
It was Trump who gave nearly $2 trillion in tax cuts to rich millionaires and billionaires!
I could go on... but I suspect it is people such as yourself John Huston who make 'stupid' statements as you have, who voted for Trump... who are responsible for creating this problem in the first place?
Self no self no self no lajf no lajf no tiler petr jony haf
Russia Russia Russia Hoax Hoax Hoax.
🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳🇮🇳
Idk the answer to this headline….but viewers should ditch cnn like 10 years ago…anyone taking cnn seriously is one of the last souls on earth to wtf up!
Fake news
INTELLIGENCE EMERGENCY CLANDESTINE COMMUNICATIONS:
To prevent our operators to run any risk, while receiving ‘a mobile eavesdrop’ we can activate Regional Amber Alerts, while disguising the message to the operative using this amber alert.
You know what I mean, they can’t see 1 message among millions of messages.
La bao son viet nam(son bao la usa):::tac ca hay xem tren facebook voi ten jehola bao son(((THIEN DINH SACH(muon phat minh phat line)*
DITCH 46!