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Truth. Republicans in U.S. could blow up the world economy any hour now, seeing as there is no debt ceiling agreement to vote on or debate, yet. That said, I'

• i2cmaster 3y ago
  [flagged]
• gjsman-1000 3y ago
  > Republicans in U.S. could blow up the world economy any hour now Well, for context, that's not quite accurate even if I question the "hostage" taking. They did pass a bill raising the debt ceiling in the House, the Limit, Save, Grow Act, but the provisions in it for cutting spending are either (depending on who you ask) a nonstarter or a tough opening bid for negotiations. What also makes it tricky (and where I think blame is shared), is... guess who had control of the Senate and House for 2 years. The debt limit could have (though I am not a policy maker) been increased to, you know, a higher level where this wouldn't be happening, right? Which, even Axios is reporting, there are regrets internally for how completely foreseeable and preventable this was. https://www.axios.com/2023/05/23/democrats-debt-ceiling-regrets https://www.axios.com/2023/05/23/democrats-debt-ceiling-regr...
• paulpauper 3y ago
  so much for higher interest rates meaning sobriety. another narrative falls.