ECON Federal Government to Run Out of Money in 4 Days

The Debt Ceiling Will Pass

  • 1. Business as usual

    Votes: 57 49.6%

  • 2. Business as usual, although more anarchy

    Votes: 38 33.0%

  • Can't pass it by the 15th

    Votes: 14 12.2%

  • Can't pass it at all, chaos ensues

    Votes: 4 3.5%

  • A general economic collapse results from loss of faith

    Votes: 2 1.7%
  • Total voters
    115
Doomer Doug

Doomer Doug

TB Fanatic
The US Government will run out of money starting on December 5th, 2021, and, according to Yellen, physically run out of cash on December 15th, 2021. My personal take is TPTB will muddle through and pass "something," on 12-15, more or less. Mitch the Bitch got his feelings hurt the last farce around, so he will sit back and watch the fireworks. Or, maybe the chaos will be so intense this time around, throwing in all the WAR drums being beaten by Iran, China and the Ruskies. Seriously, it is not "business as usual," in DC, not will all the treason and evil in that Sodom on the Potomac. Still, what is wrong with adding a financial crisis to all of our other crisis', catastrophes, disasters, and assorted problems. :kaid: So yeah, they might miscalculate and really collapse the total economy, especially if the "deal" to pass all the infrastructure bills collapses. :hof:The run out of actual money may add some urgency to the normal budget anarchy, or maybe manchkin? or Simena? might throw a live monkey, not a wrench into the works. :chg: The entertainment value on that would be biblical as they say.

www.breitbart.com

Federal Government to Run Out of Money in Four Days

The federal government will run out of money Friday amid a jammed Senate schedule that may delay the passage of the reconciliation package.
www.breitbart.com www.breitbart.com

Federal Government to Run Out of Money in Four Days amid Overfull Senate Schedule

WENDELL HUSEBØ29 Nov 2021

The federal government will run out of money on Friday amid a jammed Senate schedule in December that may further delay the passage of the $1.9 trillion reconciliation package into next year.
Along with funding the government in December, the Democrat-controlled Senate must raise the debt ceiling before December 15 and pass the National Defense Authorization Act (NDAA), a typically bipartisan piece of legislation for 60 years.

The reconciliation package is also in the mix to be pushed through the chamber, though the clogged Senate calendar may delay the passage until January.

Funding the government, however, is the most immediate crisis for the Senate Democrats. Democrats’ strategy may be to introduce a stopgap funding bill potentially on Wednesday. The stopgap funding would need approval from Senate Republicans and Sen. Mitch McConnell (R-KY), “but that isn’t expected to be a major problem,” Punchbowl News reported.
https://media.breitbart.com/media/2021/08/GettyImages-1234605500.png
If Republicans cave and help Democrats fund the government, the funding may reportedly last until the last week in January.
Raising the debt ceiling is the next obstacle Democrats face in December. Treasury Secretary Janet Yellen has said the government can pay its bills until approximately December 15. How the Democrats may raise the debt ceiling is still unknown. Senate Democrats seem opposed to raising it through the reconciliation package and the NDAA.

In October, McConnell promised not to help the Democrats raise the debt ceiling over Majority Leader Chuck Schumer’s (D-NY) “childish behavior” on the Senate floor. Breitbart News reported:
McConnell wrote to Biden that Schumer “poisoned the well” in a Thursday rant on the Senate floor by suggesting “Republicans played a risky and partisan game” with the debt ceiling. “And I am glad their brinkmanship didn’t work,” Schumer said Thursday, not acknowledging that McConnell helped Schumer raise the debt ceiling with 11 votes.
After Schumer’s speech, Republicans and Sen. Joe Manchin (D-WV) confronted Schumer about the tirade. Manchin reportedly told Schumer his speech was “****ing stupid.”
…
As a result of the offensive, partisan speech, McConnell told the White House he will not be a part of any additional “assistance” in increasing the debt limit.
Click to expand...
The NDAA is also a major piece of legislation requiring Senate approval. Republicans and Democrats were not able to agree on the measure before Thanksgiving, so debate will continue into December. The measures under consideration are “repealing the 1991 and 2002 Iraq AUMFs, women in the draft, China,” Afghanistan, and other measures impacting the military-industrial complex.

The deliberation over the critical articles of legislation may delay President Biden’s massive tax and spend reconciliation package until 2022. After the House passed its version of the reconciliation package in mid-November, the Senate must weigh the House’s version.

Sen. Joe Manchin (D-WV) and Sen. Kyrsten Sinema (D-AZ) are unlikely to vote for the House’s package as is, as it is chock full of far-left goodies, such as subsidized prescription drugs, enhanced Medicare coverage, two free years of community college, amnesty, free housing, and free child care.
Follow Wendell Husebø on Twitter @WendellHusebø.
 
S

Squid

Veteran Member
Luddite said:
Doug , someday the wheels will fall off this clown car.
This circus skit has been perfected by the sheer frequency that they've done it. Everyone knows their part inside&out.

I choose to give it zero thought. It lends legitimacy where none is warranted.
Click to expand...
The sad point is the wheels fell off long ago everyone is acting like it still is moving forward.

We are Wiley P Coyote running off a cliff holding our Acme dynamite thinking its a candle.
 
PghPanther

PghPanther

Has No Life - Lives on TB
They'll just have the Federal Reserve private cartel print more money and loan it to the government.......with the cost being inflating the money supply and loss of buying power to the public.

A tax on the citizens of this country by any other name...........just hidden in plain site.

It is the process that beholden all politicians to the money changers at the peril of their constituents and destroys a constitutional republic.
 
db cooper

db cooper

Resident Secret Squirrel
Gov't to run our of money in 4 days? Whats da matter, printing presses jammed? Run out of ink?

The Uniparty will come to the rescue and see to it the government has plenty of money to spend. After all, those poor illegals need their $450,000 checks and the big phama/medical profession need their payouts to continue waging covid war.
 
Cacheman

Cacheman

Ultra MAGA!
Federal Government to Run Out of Money in Four Days amid Overfull Senate Schedule

That headline is nothing but fearmongering everytime, the federal government has money flowing in every business day. If the debt limit isn't raised the politicians and beaurcrats will just need to prioritize where the money goes that comes in, there is enough coming in to pay the interest, SS and medicare along with defense in full as for the rest with their wallets open they need to learn to live with less.
 
Melodi

Melodi

Disaster Cat
I suspect they will end up passing another continuing resolution, but they may be too deadlocked to do that.

Continuing resolutions will keep the doors open but they start to cause serious problems if they go on for too long; that's because it freezing all Government Spending in all Departments to the level it was during the past year.

With serious inflation and/or change situations and mandates, this can result in silly situations like one we had where we had no required pencils (and were not allowed to bring in our own) or enough money to send inspectors out to do the legally required (by congress) inspections. Employees are not allowed to simply spend their own money on something like that even if they were willing to do so.

In the end, it costs more money when say inspectors just sit around once they catch up on their backlogs of paperwork or forms pile up because they can not be filled out in the legally required manor.
 
NoDandy

NoDandy

Has No Life - Lives on TB
db cooper said:
Gov't to run our of money in 4 days? Whats da matter, printing presses jammed? Run out of ink?

The Uniparty will come to the rescue and see to it the government has plenty of money to spend. After all, those poor illegals need their $450,000 checks and the big phama/medical profession need their payouts to continue waging covid war.
Click to expand...
AND

Don't forget the Congress Critters, and all the " loyal deserving " bureaucrats & edict enforcers ! They all want THEIR checks.

And remember, Nancy needs her check to replenish her vodka inventory
 
Bubble Head

Bubble Head

Has No Life - Lives on TB
We are insolvent it is that people just don’t know what it means. So the can gets kicked until a loaf of bread cost $100 overnight.
 
Doomer Doug

Doomer Doug

TB Fanatic
Turkey is leading the way. A few days ago
the price of a bottle of wine went up 15% in ONE DAY.
Full faith and credit of the fiat dollar. It is about the global reserve status and whether, or how much, foreigners think our fiat dollar is worth.
If tptb screw around with the debt limit they can wreck perceptons.
 
Doomer Doug

Doomer Doug

TB Fanatic
Two days and counting, Meemur! :chg: Unless "they" do something it really does look like the FedGov will shut down Friday night at midnight? For one thing, the infrastructure bills they just passed can't be funded. My social security comes on the 3rd, which may or may not be impacted, as potentially my food stamps on the 4th. The SNAP system shuts down Meemur, and I will guarantee the groids will go F#%%%%% NUTSO.

www.breitbart.com

Federal Government to Shut Down in Two Days, Some Republicans Seek to Use Leverage to Defund Vax Mandates

The Democrat-controlled federal government will shut down on Friday night while Republicans plan to use the Democrat-managed chaos to defund the nationwide vaccine mandate on the private sector.
www.breitbart.com www.breitbart.com

Federal Government to Shut Down in Two Days, Some Republicans Seek to Use Leverage to Defund Vax Mandates

WENDELL HUSEBØ1 Dec 2021

The Democrat-controlled federal government will shut down on Friday night while Republicans plan to use the chaos to defund the nationwide vaccine mandate on the private sector.
Democrats must find a solution to fund the government before the federal government closes after midnight Friday. Though the Democrats are slowly attempting to work out a compromise with Senate and House Republicans to stave off another shut down until January 28, that could have been prevented weeks if not months ago by Democrats prioritizing funding the government instead of pushing massive spending bills through Congress.
Republicans, however, see an opportunity to defund President Joe Biden’s vaccine mandate on the private sector. Republicans are “planning to object to quick consideration of a stopgap measure to extend funding into early 2022 unless Democratic leaders agree to deny money to enforce the mandate,” Politico Playbook reported.


“I’m sure we would all like to simplify the process for resolving the CR, but I can’t facilitate that without addressing the vaccine mandates,” Sen. Mike Lee (R-UT) told Playbook. “Given that federal courts across the country have raised serious issues with these mandates, it’s not unreasonable for my Democratic colleagues to delay enforcement of the mandates for at least the length of the continuing resolution.”

It would only take one Republican in the Senate to force the Democrats’ hand, though there may be as many as 15 GOP senators willing to call Democrats’ bluff.

Republican senators also reportedly have support from Republican House members, which also get a vote to approve any funding measure the Senate passes. According to Playbook, House Minority Leader Kevin McCarthy (R-CA) is supporting the Senators’ strategy.
Conservative Rep. Chip Roy (R-TX) told Playbook Senate Republicans have “leverage” to block funding for the vaccine mandate enforcement using “all procedural tools to deny the continuing resolution passage Friday night.”


If Republicans force Democrats to defund the vaccine mandates in a continuing resolution before Friday’s midnight deadline, the government may shut down for a few days while congressional Democrats flush out the resolution. “The Senate can’t begin the process of voting until the CR passes the House — and the House can’t pass the CR until a deal is agreed to,” Playbook reported.

Shutting down the government might complicate the Senate Democrats’ legislative calendar. Sen. Chuck Schumer (D-NY) has promised to pass multiple critical pieces of legislation before Christmas. Among them are suspending the debt ceiling before December 15, passing a routine defense bill, and weighing the $1.9 trillion reconciliation package the week of the 15th.
Follow Wendell Husebø on Twitter @WendellHusebø

PoliticsChip Roygovernment shutdownMitch McConnellSenate Democrats

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N

night driver

ESFP adrift in INTJ sea
What this country needs is another Penn Central Bankruptcy this weekend. the only reason we had ANYTHING open up on that Monday was Large Bankers and THINKING people made OUTRAGEOUS deals to move "money" from one place to another.
 
Doomer Doug

Doomer Doug

TB Fanatic
It didn't take long for the rinos to cave. :D 2 and 1/2 months to February 18th is not going to help much.
The foreigners now have nearly 3 months to dump useless federal reserve fiat notes.
How is that full faith and credit working out for you?
I figured the rinos would at least make a feeble effort to not look like controlled opposition stooges and trained seals.
My bad. :arg:
The global reserve dollar status lurches closer to hyper inflation.
Use the next 3 months wisely moneywise.
 
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