Janet Yellen is saying that Congress needs to raise the US Treasury’s debt ceiling to avoid “catastrophe.” Try calling your credit card company up and using the same argument. How about Congress stops spending to avoid “catastrophe.”

1:31 AM · Sep 20, 2021

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Replying to @wesbury
What will we do with a drunkin sailor
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Replying to @wesbury
Terrible analogy. This is the credit card company calling the credit card company to ask for more credit. Gov != household
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MMT is Marxism for the 21st century. Totally ridiculous.
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Replying to @wesbury
Optimistic
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Yellen warns the UST will run out of money next month. Why is this bad? A drug addict won’t get better until they hit rock bottom. Let’s bounce some checks to: Defense contractors The Chinese, Japanese and Swiss CBs The IMF, World Bank, NATO and UN Bloated State Gvts Etc.
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Replying to @wesbury
What a joke! At some point (now), we need to at a minimum balance the budget.
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But we’re trying to leverage 3 generations all at once…🤦‍♂️
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Replying to @wesbury
That made me laugh, thank you.
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Replying to @wesbury
We’re screwed.
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Have an ice cream cone… Joe loves them and it works for him
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