/biz/ - Business & Finance

[Anonymous No.53745757]

JPow says "we need to raise the debt ceiling to pay our bills". There is no way in hell that will actually happen if they raise it, it will be more of the same.

https://edition.cnn.com/2023/02/15/politics/debt-ceiling-default-cbo-congress/index.html

[Anonymous No.53745780]

>Congress has always acted when called upon to raise the debt limit. Since 1960, Congress has acted 78 separate times to permanently raise, temporarily extend, or revise the definition of the debt limit – 49 times under Republican presidents and 29 times under Democratic presidents.

[Anonymous No.53745792]

>>53745780
It was fucking 25T less than 2 years ago I am pretty sure..
https://www.usdebtclock.org/

[Anonymous No.53745794]

You bet your ass they will.

[Anonymous No.53745806]

>>53745792
US Federal Budget Deficit (Actual) 1.5T

[Anonymous No.53746220]

>>53745757
Money creation shouldn’t be attached to debt
The treasury should just print the money. No need for a middle man like the fed or fractional reserve banking
Here’s a fun fact no one ever talks about: fractional reserve banking is responsible for more money creation than government spending
With 0% reserve requirements, private banks don’t have to pay to create money
The government still does and the rate it pays is going up while the profits for banks on money created from nothing goes up
Bankers are too smart for normies, they have tax payers believing higher rates are fiscally responsible.
The federal reserve runs the most profitable criminal gang in the world

[Anonymous No.53746571]

>>53745780
Based fact bringer