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#debtceiling — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #debtceiling, aggregated by home.social.

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  1. Episode Four #politics #obama #democracy #debtceiling #torture #whistleblowers #statesecrets Why I can't bring myself to support the reelection of President Obama.

    ithoughthecamewithyou.com/post

  2. Elon Musk Joins Bitcoin Maxis in Warning of ‘Potential’ U.S. Fiscal Collapse or Are We There Already? - Last month, CoinDesk discussed in detail how bond market activity is challenging the noti... - coindesk.com/markets/2025/06/0 #marketanalysis #debtceiling #topstories #elonmusk #markets #bitcoin #debt #news

  3. FORGET ABOUT DEBT LIMITS Trump Pushes to Scrap Debt Ceiling Causing #ElonMusk To Go Into Attack Mode

    x.com/GetTheDailyDirt/status/1

    President #DonaldTrump is calling for the elimination of the nation’s debt ceiling, a rare point of agreement with Democratic Senator #ElizabethWarren.

    In a #TruthSocial post, Trump wrote, “The Debt Limit should be entirely scrapped to prevent an Economic catastrophe.”

    The #Trump echoed Warren’s Friday X post, where she....

    #DebtCeiling #TrumpWarren #EconomicPolicy

  4. The growing #debt has paradoxically given urgency for #Republicans to pass the bill, as it would raise the federal govt's #DebtCeiling by $4 trillion [something they rail against when there’s a Democratic admin]. That would avert the prospect of #default, which ofcls have warned would come this summer.
    Republicans also argued that failure to pass the bill would mean an effective tax hike for some [#wealthy] Americans, as #Trump's 2017 tax cuts are to expire at the end of the year.

    #law #economy

  5. And if the US has to pay more in interest to borrow cash to pay its bills, that could filter out & cause interest rates to rise for US #households & #businesses too, everything from #mortgage rates to #AutoLoans rates to #CreditCards. That could slow the #economy.

    …the #credit downgrade does comes ahead of a key period for Washington, where it’s set to debate potential cuts in #taxes for corporations & the wealthy that could suck away more revenue, as well as the nation’s #DebtCeiling.

    #Trump

  6. Shovel $5 trillion onto the debt with no clear way to pay for it? Should we be worried? Surely they’ll do the right thing… right? #USPol #GOP #BudgetCrisis #DebtCeiling #Economy

    The ‘Significant Risk’ That Re...

  7. …The wrinkle in the effort is the #DebtCeiling, which limits how much the government can borrow. Faced with this roadblock, the #Treasury is using cash from its account at the #Fed to pay bills, which is adding liquidity into the system. When the #debt ceiling is raised, assuming that happens, the Treasury will likely seek to rebuild its account, which will take liquidity back out of the system.

    #economy #inflation #USpol

  8. #debtceiling #Politics
    “Beginning tomorrow, the Republicans will have to deal with the fact that the Treasury will hit the debt ceiling and will have to use extraordinary measures to pay the obligations of the United States government.”
    Heather Cox Richardson

  9. U.S. to Hit Debt Ceiling on Tuesday. Will Bitcoin Soar or Suffer? - Some issues never truly go away, and the U.S. debt ceiling, which limits the maxim... - coindesk.com/markets/2025/01/2 #debtceiling #markets #bitcoin

  10. #trump #debtceiling #gop

    Trump is already panicking about raising the debt ceiling in his presidency, happy new year!!

    “ President-elect Trump harshly criticized the House GOP and former Speaker Kevin McCarthy (R-Calif.) on Sunday for a 2023 vote to raise the debt ceiling through Jan. 1, 2025.

    Trump in a post on Truth Social called McCarthy “a good man and a friend of mine,” but said it would go down as “one of the dumbest political decisions made in years.” thehill.com/homenews/administr

  11. U.S. Debt Ceiling Looms in Signal for a Bitcoin Cycle Bottom - The U.S. is likely to hit the maximum it's legally allowed to borrow at some point... - coindesk.com/markets/2024/12/3 #debtceiling #markets #bitcoin #debt #us

  12. @thetnholler.bsky.social

    Wow!
    The stunning hypocrisy of Trump and the GOP regarding the #DebtCeiling.

    It should go!

  13. @solarbird @AkaSci Waiting to see which version of nightmare awaits us. It's not entertaining to me either way, only ironic and predictable. Janet Yellen has warned that a default awaits mid-January if the debt ceiling isn't raised. That will be a pivot point. #debtceiling #dollardefault

  14. Let's say it: #Billionaires and #Corporations don't pay taxes;

    Our Wages PAY #TAXES!

    Imagine a new #Deficit Solution

    Let's get the politicians out of federal cuts & allow taxed #wages to decide what programs to cut, keep the same, or enhance.

    IF we cut a flat 20%,

    but then we designate 10% of our taxes to chosen programs,

    there would be a 10% average cut,

    some programs would see a 20% cut,
    some an average 10%,
    some might see no cut at all or even a windfall.

    #DebtCeiling #Politics

  15. @peterrelph.bsky.social

    It's also important to remember that ALL government spending was already authorized by Congress. Failure to match the #DebtCeiling to the debt just shows the dysfunction of the #GOP

    Side note: why didn't #Biden declare the debt ceiling unconstitutional and let this play out in the courts?