General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe October crisis no one is paying attention to
By early October the Congress will have to raise the debt ceiling for the US to pay the interest on it's bonds.
It appears that Ryan does not have the votes to do so.
Failure to do this will quickly cascade into a tumbling dollar and economic havoc.
There is no expectation of any leadership from Trump on this. He doesn't really grasp Economics and doesn't understand how these things work.
This would be as bad as 2008. And we don't have a functioning Government to deal with it.
BigmanPigman
(51,627 posts)it effects him, his businesses and profit margin.
CrispyQ
(36,509 posts)DK504
(3,847 posts)of the debt, trade deficits and budgets. He is clueless as he pushes his cut taxes for the 1%.
Mme. Defarge
(8,042 posts)and soon.
smirkymonkey
(63,221 posts)Mme. Defarge
(8,042 posts)Johonny
(20,888 posts)I think the fact not much in the way of a life line was thrown out by congress this week in the president's direction followed by his latest tweet storm against business leaders and senators isn't winning him friends he didn't have to begin with. It's going to be an interesting fall session of congress. They don't like him, hate many of his ideas, and have some important issues to work on.
zipplewrath
(16,646 posts)Dems overwhelmingly support raising the debt ceiling in lieu of defaulting. Even under Obama, the GOP got it raised using democratic votes.
edhopper
(33,615 posts)by the Dems.
Straight up vote.
Any GOP agenda bullshit and they should sit it out.
AlexSFCA
(6,139 posts)it's the collapse of the economy that makes fascism and nazi movement much stronger.
Boomerproud
(7,964 posts)he will start to get nervous.
AlexSFCA
(6,139 posts)never his
jalan48
(13,883 posts)KWR65
(1,098 posts)They will strike a deal and raise the debt ceiling.