On Thursday, Treasury Secretary Janet Yellen appeared on CNN and warned that the United States setting a debt ceiling has become “increasingly damaging."
Yellen explained, “Well, I think the prospect that Congress would not agree to raise the debt ceiling, which is what we’re faced, and of course, December 3, it’s a short time relative to the debt ceiling. So the uncertainty remains longer term. I think it is damaging to confidence of consumers, of investors. Of course, everyone, including me, breathed a sigh of relief that we were able to reach an agreement that gets us to December 3.”
She continued, “It’s not about future spending or taxes. We’ve incurred bills. Can the government be counted on to pay those bills? Americans, whether it’s people waiting for a Social Security check or military pay or bondholders who regard U.S. treasuries as the safest asset in the world, they need to never question that the United States will pay its bills.”
Yellen added, “They need to get this done by the deadline that I set. I made it very clear that we will run out of cash quickly after October 18. This would be the first time in the country’s history that we would be unable to pay our bills. And it would be enormously damaging to the economy, to financial markets. I’ve said and continue to think it would be utterly catastrophic. It should be unthinkable.”
She concluded, “I think it’s become increasingly damaging to America to have a debt ceiling. It’s led to a series of politically dangerous conflicts that have caused Americans and global markets to question whether or not America’s serious about paying its bills. It’s flirting with a self-inflicted crisis.”
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Twitter Erupts With Conspiracy Theories After Mysterious Tab Appears by Joe Biden's Ear in Photo
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Shocking Video Shows Monkey Sharpen Rock to Bust Glass Enclosure
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MIC DROP! Rep Brian Mast: 'Ignore Biden’s Illegal Mandates Like He Ignores Immigration Laws'
On Thursday, President Joe Biden delivered a speech to Americans, in which he attacked anyone against vaccine mandates and completely dogged out anyone not vaccinated against COVID-19. He then laid out his tyrannical plan to force the experimental jab on every person in our country.
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Sen. Manchin Blasts AOC for Attacks That ‘Continue to Divide, Divide, Divide’
On Sunday, Democrat Senator Joe Manchin scolded fellow Democrat Rep. Alexandria Ocasio-Cortez for using "awful" words that "divide."
CNN host Dana Bash said, "I’m sure you have heard your fellow Democrat Congresswoman Alexandria Ocasio-Cortez said this about you in a tweet: “Manchin has weekly huddles with Exxon and is one of many senators who gives lobbyists their pen to write so-called bipartisan fossil fuels bills. It’s killing people….
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