Charlie Lee pointed to President Biden tweet and expressed: We pay our debts that’s why I’m raising the debt limit because we ran out of available debt due to not paying back the debt. We currently have so we can have more and definitely pay it off later by the way just not right now.
President Biden expressed: The United States pays its debts when they are due. That’s why today, I signed a bill to fast-track the process to raise our debt limit.
Community Reaction: What is everyone’s Super-Secret plan to solve this? don’t say Bitcoin.
Everyone always says “the solution is Bitcoin” but then doesn’t really explain how. How are they are different in a way that makes raising the debt ceiling forever to be something other than an unsustainable strategy?
I just went to my bank and asked them to give me another loan so I could use it to pay off my existing loan with them. They laughed at me. I showed them this video so they could see this is how the “greatest nation on Earth” does it. They laughed at you.
Well, I don’t know about you, but I’ve been paying off loans with new loans for many years about half way through a personal loan repayment they start pestering me to lend me more money. Sometimes I relent and take one, it clears off the old loan and the new one begins afresh.
If the US government pays its debts, why did the debt ceiling need to be raised?
Why would they forgive student debt that you CHOSE to take out? How is that the American people’s problem? Healthcare. That’s an issue that impacts EVERYONE. It’s insane people think their victims because they overspent in the first world on an education. Talk about entitlement.
Paying debts with more debt? You just described a pyramid scheme. Why do we always make a big deal out of this if it’s always going to get raised?
It’s a stupid, self-abusive ritual. We should end it. We should also end deficit spending – replace it with a special tax on billionaires that kicks in whenever the budget isn’t balanced. The budget will always be balanced after that.
All we literally need to do is slash the grotesque amount of defense spending to solve this problem. Yet both sides of the isle repeatedly lack the courage to do what’s necessary.
That is increasing the debt not “paying it”. Putting even more burden on tax payers. Don’t let it fool you people, this inflation is caused mainly by the FED printing counterfeit dollars with no control. Causing everything to increase and diluting your buying power. Stealing.
Well could you imagine taxing people enough to cover government spending? Not possible. So, we use the hidden tax.
Right, when my bills come due, I just borrow more money, and when those bills come due, I simply borrow even more. See how absurd that is? Why can’t we pay our bills WITHOUT borrowing or printing? And people wonder why inflation is so high.
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