Yellen lends support for effort to remove
the debt ceiling altogether
CNBC,
by
Jeff Cox
Original Article
Posted By: NorthernDog,
9/30/2021 2:37:38 PM
With a potential default looming for the U.S. in October, Treasury Secretary Janet Yellen said Thursday she would just as soon see the power over debt limits taken away from Congress. A bill introduced in May would repeal the national debt ceiling, and Yellen said “yes, I would” when asked during a House hearing if she backs the effort. She noted Congress makes the decisions on taxes and spending, and should provide the ability to pay those obligations. “If to finance those spending and tax decisions, it’s necessary to issue additional debt, I believe it’s very disruptive to put the
Get ready for the dollar being the further equivalent of a peso.
9 people like this.
Reply 2 - Posted by:
earlybird 9/30/2021 2:46:52 PM (No. 931247)
Why is this little troll still in such a position of power?
10 people like this.
Reply 3 - Posted by:
LC Chihuahua 9/30/2021 2:54:13 PM (No. 931251)
Invest in printing press manufacturers. Our government is going to be purchasing lots of them. All those new dollars with nothing to show for them. The dollar is going to be worthless.
This is what the rule of the dumb and dishonest looks like.
9 people like this.
Reply 4 - Posted by:
Rama41 9/30/2021 3:15:29 PM (No. 931274)
Apparently, Democrats are now nostalgic for the Weimar Republic, where in 1923 you could exchange a dollar for 4,210,500,000,000 German Marks.
7 people like this.
Reply 5 - Posted by:
Bur Oak 9/30/2021 3:18:02 PM (No. 931277)
Remove Janet Yellen instead of the debt limit. It is way past time to have an audit of the FED.
15 people like this.
Reply 6 - Posted by:
FormerDem 9/30/2021 3:27:15 PM (No. 931283)
Just say No to Janet. What, she thinks 3.5 trillion is responsible but incorporating the agreement of those to pay for it is not? Power mad, just like all Democrats.
5 people like this.
Reply 7 - Posted by:
hershey 9/30/2021 3:37:01 PM (No. 931297)
Hey, here's an idea, STOP SPENDING SO DAMN MUCH MONEY!!!!!
12 people like this.
If we weren't the reserve currency we would already be Zimbabwe. Once China succeeds in taking this over, our economy is dead.
6 people like this.
Reply 9 - Posted by:
Ribicon 9/30/2021 3:49:52 PM (No. 931314)
Spend all you want! We'll print more. Crushing the bourgeoisie by grinding them between the millstones of taxation and inflation, just as their spiritual forefather Vladimir Lenin prescribed.
7 people like this.
Reply 10 - Posted by:
4Justice 9/30/2021 4:03:27 PM (No. 931330)
The United States of America, Inc. is bankrupt. The Dems want a nail in her coffin and a steel box to ensure nothing gets resurrected from the leftovers. They are hoping to turn the bones and spirit into CCP chow.
4 people like this.
Reply 11 - Posted by:
DVC 9/30/2021 4:19:54 PM (No. 931348)
Well, of course! Unlimited debt. Hell, they are NEVER going to pay off this debt that we have, so why not just open the taps, increase the size of the cooling systems on the printing presses, build a few new paper plants for the special paper, and pipe in the special ink from oil tankers.
5 people like this.
Reply 12 - Posted by:
bad-hair 9/30/2021 4:23:41 PM (No. 931353)
Don't cry for me Venezuela ...
4 people like this.
Reply 13 - Posted by:
paral04 9/30/2021 4:26:09 PM (No. 931354)
The Federal Government has the duty to control our currency, not the Federal Reserve that consists of Wall Street billionaires whose agenda is not congruent with the general population and best for the country. The people should decide our debt limits, we have to pick up the tab when things go wrong. Those folks who sit on the Fed don't have to.
9 people like this.
Reply 14 - Posted by:
dman 9/30/2021 4:56:02 PM (No. 931383)
After 108 years it is time to abolish this unconstitutional Woodrow Wilson bored[sic]. If it won't protect the value of our dollar, what good is it for? Get rid of it!!
5 people like this.
Reply 15 - Posted by:
coldborezero 9/30/2021 4:59:26 PM (No. 931384)
Janet Yellen. Graduated from Yale. Taught at Harvard. Do you want to stop the Marxist takeover of America? Close down the Ivy League, raze the campuses to the ground, bulldoze the remains and then salt the earth where they once stood. Round up anyone who has ever been associated with the Ivies and fly them to the Socialist Worker's Paradise of their choice. Never let them set foot on Free America again.
7 people like this.
Reply 16 - Posted by:
dman 9/30/2021 4:59:45 PM (No. 931385)
William Jennings Bryan's "Cross of Gold" glitters bright right now.
2 people like this.
Reply 17 - Posted by:
stablemoney 9/30/2021 6:56:07 PM (No. 931469)
Yellen, the little penguin that squeaks, always supports government spending, which is why she always gets the job.
2 people like this.
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Comments:
The debt ceiling always gets raised. But continually surpassing it should be flashing red lights that we are spending way too much. Democrats just want to spend us into oblivion without even the slightest roadbump.