Yellen's warning about the debt ceiling.

OK, so Janet Yellen warns that if the congress doesn't increase the debt ceiling by June, the US could default on it's $31 trillion national debt. The warning was dutifully reported on by the media in appropriately solemn tones. Janet descends like a goddess from on high and declares this epiphany.

Is anyone curious about the timing of this warning? Wy weren't we talking about this debt limit when Biden and his congress crammed through the $1.7 trillion spending debacle just one month prior in the lame duck democratic congress?

Is it best if we just default in 2023 and get it over with? Maybe it would be doing our children and grandchildren a huge favor! Or should we just wait until our debt is, say, $60 trillion?

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SW-User

They only want it raised because they want to spend more.

SomeMichGuy · M

@SW-User The debt ceiling us for servicing spending obligations ALREADY approved.

irishmolly72 · 56-60, F

@SomeMichGuy There's nothing keeping us from cutting much of the spending. How about the Dept of Education for starters? It's an abject failure by virtually any measure!

SomeMichGuy · M

@irishmolly72 Don't worry, the damage done by Devos is being reversed.

But if you understand how education currently works in this country, you'd direct your anger at states and esp. the local school boards.