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Old 07-12-2019, 04:59 PM   #1
crockett
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MAGA.... Trump Admin, 'US running out of cash will default before Congress returns'..

You have to be kidding me.. Gee I thought tax income was at a all time high? You mean you can't cut taxes and increase spending and have MAGA after all? Go figure...


Fucking Idiots..


https://www.cnn.com/2019/07/12/polit...sis/index.html


Treasury Secretary Steven Mnuchin on Friday issued a warning Friday that the US government is at risk of running out of cash sooner than expected.

In a letter to Democratic House Speaker Nancy Pelosi, Mnuchin wrote that the US might default on its obligations as soon as early September, before Congress returns from its summer recess.

"Based on updated projections, there is a scenario in which we run of out cash in early September, before Congress reconvenes," Mnuchin wrote in a letter.

The federal government has not been able to borrow money since March, when congressionally-mandated borrowing limits went back into force. The US Treasury, which is facing a growing deficit thanks in part to President Donald Trump's 2017 tax cuts, had said it had enough cash to last until the fall.

Pelosi and Mnuchin have spoken three times this week in an effort to jumpstart stalled budget and debt ceiling negotiations, and multiple sources say the new default projections have provided an accelerant for those efforts.

Mnuchin and Pelosi are likely to speak again Friday. Pelosi told reporters that she has not yet read Mnuchin's letter to Capitol Hill but she knew it was coming.

In his letter, Mnuchin called on Congress to restore borrowing power by increasing the debt ceiling before Congress departs for its regular August recess.




THIS is what happens when you put fucking idiots in charge of the Govt...
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Old 07-12-2019, 06:00 PM   #2
Rochard
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So the economy is going good (Thanks Obama) but yet our deficit is growing (25% last year alone?) and STILl our government is running out of money?

What did we expect? We voted someone into office who has zero expierence in anything other than runing businesses into the ground.
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Old 07-12-2019, 06:09 PM   #3
OneHungLo
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Um hey idiots they've been doing this stupid shit for how long? And how many times under Obama?
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Old 07-12-2019, 06:36 PM   #4
BaldBastard
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Quote:
Originally Posted by OneHungLo View Post
Um hey idiots they've been doing this stupid shit for how long? And how many times under Obama?
World's out of recession idiot, every other country is paying down or paid off debt and is doing massive infrastructure builds while increasing regulation on the banking industry.
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Old 07-12-2019, 09:16 PM   #5
crockett
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Um hey idiots they've been doing this stupid shit for how long? And how many times under Obama?
Why do you go out of your way to show how big of a fucking idiot you are day after day? Are you seriously this fucking stupid to not realize how much you fucking fools are fucking our country right now?
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Old 07-12-2019, 09:48 PM   #6
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^its on purpose. Their plan is to fuck shit up until the inevitable 40's then run and point at the colored folks and normal white people that have to clean it up... while sabotaging all cleanup efforts.

It's what they do. Everywhere. Ever since they raped the Neanderthals out of existence. It's in their inbred culture. But it's not going to work here. It never has here. But it's the only game plan they ever use.

Unfortunately for them the mestizos, mulatos, etc (mixed people native to the new world) kinda outnumber them on these continents over here, and will outnumber them in America come the 40's. And we (mixed folks, normal white people, normal black people, etc) ain't going for this old world nonsense.

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Old 07-12-2019, 10:39 PM   #7
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They can get money from Europe for -0,04% Yes, there is a negative interest rate in the EU. So trump can lent money and get free money instead of paying for it.
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