As negotiations with congressional Republicans over raising the debt ceiling drag on, at least five U.S. senators are circulating a letter that urges President Joe Biden to prepare to invoke the 14th Amendment of the U.S. Constitution.
Remember: The US Treasury is obligated to make payments. The rest is optics.
President Biden should do “whatever it takes” to avoid an economic catastrophe. House GOP-led efforts are to blame for the impending debt crisis. In 2011, the GOP’s demands for massive spending cuts sabotaged the Great Recession recovery.
Republicans are threatening to tank the global economy if President Biden doesn’t agree to slash spending on social welfare programs. It’s a trap.
The National Debt | John Oliver. Biko | Peter Gabriel. Jordan Klepper Debunks “Good Guy With a Gun”. Fighting for Equality in Computer Science and Beyond. Why So Many QAnon Believers Are Evangelical Christians.
John Oliver discusses how national debt works, and why it might be more helpful that you think.
On the day after the European elections, the committee for a citizen's audit on the public debt issued a 30-page report on French public debt, its origins and evolution in the past decades. The report was written by a group of experts in public finances under the coordination of Michel Husson, one of France's finest critical economists. Its conclusion is straightforward: 60% of French public debt is illegitimate.
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