Showing posts with label default. Show all posts
Showing posts with label default. Show all posts

Will Republicans Cause Global Economic Collapse this Summer? If the US Government Defaults on the National Debt THAT WILL Cause the End of Civilization. Billions of People Will Starve to Death...

Bubble UP Economics meme by gvan42


The summer of 2011 in Washington, D.C., was scorching hot. Republicans had taken control of the House of Representatives that January and their No. 1 priority was to rein in spending after the federal debt hit a record. They demanded that the Democratic president work with them to stop the federal government’s “money printing.” 
Looks like the summer of 2023 will sizzle with the same kind of heat. House Republicans are again newly in the majority and are determined to reach an agreement with a Democratic president to reduce spending before they vote to raise the federal borrowing limit. Doomsday scenarios abound now as they did then. The predicament, in fact, is very similar, except the record amount of debt is nearly double what it was a dozen years ago, making the situation more dire. Thanks to Trump's Tax Cut for the Rich Law.
What to do? 
In the short-term, defaulting on the national debt would be disastrous. The most-recent debt-ceiling battle led to a downgrade of U.S. government-issued securities. A default would be even worse. As interest rates and the prospect of a recession rise, a missed coupon payment on U.S. Treasury securities would be catastrophic and set the stage for a global attempt to find alternatives to the U.S. dollar as the main form of currency for international trade.
I was inspired by the great peacemakers and leaders to create Six Global Agreements, agreements that help us ground and anchor the WEvolution, our mutual evolution, rooted in heart-centered awareness. The WEvolution calls for us to link hands and hearts with each other to heal ourselves and the world around us.
How can we create a world that reflects compassion and love? How do we bring heaven, that we perceive is somewhere out there, into our own bodies and into this life? How can we collaborate in heart-centered awareness rather than ego centered consciousness? And what can we do right now to collectively create our highest vision and version of heaven on Earth?
I invite you to join me in working with these 6 Global Agreements of the WEvolution, a simple formula, a practice, designed to lead humanity out of our global shadow, by guiding us inward, into our heart, into the sacred WE Space.

Six Agreements by Larisa Stow

Six Agreements by Larisa Stow

Six Agreements by Larisa Stow

Six Agreements by Larisa Stow

Six Agreements by Larisa Stow

Six Agreements by Larisa Stow

Six Agreements by Larisa Stow

Guitar Keyboard Chart by gvan42



Journey to the Center of the Mind:
Amboy Dukes... Ted Nugent

E, E, E, F, F#, G, G, G, F#,F (repeat 3x)
Leave your cares behind, come with us and find, (E)
the pleasures of a journey to the center of the mind (D,E)
Come along if you care (A, C, C, B, Bd, A)
come along if you dare (A, C, C, B, Bd, A)
Take a ride to the land inside of your mind. (C, B7)
Beyond the seas of thought, beyond the realm of what (E)
across the streams of hopes and dreams where things are really Hot. (D, E)
Come along if you care (A, C, C, B, Bd, A)
come along if you dare (A, C, C, B, Bd, A)
Take a ride to the land inside of your mind (C, B7)
But please realize you'll probably be surprised, (E, D)
for it's the land unknown to man where fantasy is fact. (E, D)
So, if you can, please understand, (E, D)
you might not come back... (E, D)
Come along if you care (A, C, C, B, Bd, A)
come along if you dare (A, C, C, B, Bd, A)
Take a ride to the land inside, and you'll see (C,B7)
How happy life could be, if all of mankind, (E, D)
would take the time to journey to the center of the mind (E, D)
would take the time to journey to the center of the mind (E, D)

GOP Plan: Destroy America and Cause Global Economic Collapse. Then Blame Biden for Trump's Spending, Tax Cut for the Rich Law... If the USA Defaults on Our Debt, Social Security Checks will Stop. Soldiers Pay Will Stop. The Stock Market Will Crash and Starvation of Billions of People Will Follow... FUN!

The US debt ceiling: What it is and what happens if Congress doesn't raise it...

Actions by Senate Republicans could lead to the US defaulting on its debts. The effect "would be catastrophic," according to Treasury Secretary Janet Yellen. https://www.cnet.com/personal-finance/us-debt-ceiling-what-it-is-and-what-happens-if-congress-doesnt-raise-it/

The US government has never defaulted on its debts -- but actions by Senate Republicans are threatening to shatter the nation's financial track record. At the center of the congressional fight is a somewhat obscure bureaucratic mechanism: the debt limit, which is the amount of money the government is legally allowed to borrow. Failing to raise (or suspend) it could lead to dire financial consequences that could impact every part of the US economy.

The Democratic-led House of Representatives narrowly passed a bill along party lines last week to fund the US government through the beginning of December and suspend the debt ceiling until the end of 2022. But Senate Republicans blocked the measure on Monday -- not a single Republican voted in favor -- setting the stage for a clash. The US government could run out of money as soon as Oct. 15, according to an analysis published by the Bipartisan Policy Center.

The stakes are high. If the ceiling isn't raised or suspended, it will almost certainly impact the US economy at a macro level, with experts forecasting interest rates spikes and stock price plunges. But the effects will surely be felt on an individual basis, too, as a government spending freeze would reduce or eliminate funding for vital programs, including food assistance for low-income Americans, Medicare and Social Security, and payouts to retired veterans. 



GOP plan to block House measure could trigger an unprecedented $28tn default... 

Opposition from Mitch McConnell means the spending package is dead and the US faces a shutdown and default... 


https://www.theguardian.com/us-news/2021/sep/22/gop-plan-to-block-house-measure-could-trigger-an-unprecedented-28tn-default


Moscow Mitch is a QuackAnon FREAK




Top Republicans in the Senate are poised to block a key spending package advanced by Democrats in a move that could precipitate the dual fiscal crises of a government shutdown and an unprecedented US default on its colossal debt obligations.

The House has approved a combined stopgap funding measure that would keep the federal government open until early December and suspend the debt limit until after the 2022 midterm elections, sending the legislation to the Senate.

But the Senate minority leader Mitch McConnell swiftly announced that Republicans would sink the measure with a filibuster and prevent it from receiving the 60 votes needed to pass – causing a government shutdown on 1 October and a default weeks later.

Opinion | How the Debt Ceiling Turned into a Doomsday Cult

The end never actually comes but we love to obsess about it anyway.

https://www.politico.com/news/magazine/2021/09/22/how-the-debt-ceiling-turned-into-a-doomsday-cult-513644

The United States is careening toward an urgent financial crisis starting in less than two weeks, as a political standoff on Capitol Hill threatens to shutter the government during a pandemic, delay hurricane aid to millions of Americans and thrust Washington to the precipice of defaulting on its debt. As the White House has warned Republicans, a federal default — something that has never happened — could push the economy into recession or worse. The GOP’s financial “blob”—former Republican Treasury secretaries—have been warning McConnell and other party leaders that the economy might topple off a cliff if the ceiling goes unrepaired.

~~~~~~ (~);-} ~~~~~~


LINK to All My Rainbow Gifts
Original Art Printed on Merchandise:

Rainbow Gifts on Zazzle gregvan



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Peace Sign Pie Chart
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During the 1950s Americans went into a Mad Panic about Communists taking over the world. We built thousands of Nuclear Missiles and Fallout Shelters. The US Congress had witch hunts (Joe McCarthy-HUAC) to expose "Commies" who worked in The Hollywood Movie business and blacklisted folksingers that were leading our young people astray with Labor Union Organizing songs.


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READ MORE: https://gvan42.blogspot.com/2017/11/a-brief-history-of-vietnam-war-58000.html

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Military Death Chart USA

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Ever since Victory in Japan, All of Our Wars have been Marketing to Sell Weapons for the Military Industrial Complex.







Free Coloring Book Art by gvan42 - UFO and Alien Hieroglyphics