Tag: debt limit

NY Times Blames SOCIAL SPENDING for Debt Crisis—Ignores Endless War

Ms. Cat

This is a clip from our show SYSTEM UPDATE, now airing every weeknight at 7pm ET on Rumble. You can watch the full episode for FREE here: How Endless War Bankrupted the US While Inflicting Mass Suffering at Home. Plus: Macron Threatens Internet Shutdown & Update on US Govt’s Private Data Purchases | SYSTEM UPDATE #111

NY Times Blames SOCIAL SPENDING for Debt Crisis—Ignores Endless War via Glenn Greenwald

Related:

America Is Living on Borrowed Money

America’s Wars and the US Debt Crisis

Jeffrey Sachs: Bipartisan Support of War, from Iraq to Ukraine, Is Helping Fuel U.S. Debt Crisis

Yellen secretly yells for China’s help

Ms. Cat1 Comment

By Herman Tiu Laurel

The US and its President Biden has been looking sillier and sillier to America’s global audience the past months. Take the inane “Chinese spy balloon” hullabaloo the shadowy anti-China political-media network concocted in February, Pentagon just a few days ago, on June 30, now officially admits “did not collect intelligence while flying over the country.” Yet, that spy thriller concoction delayed Blinken’s “reconciliation” visit to China by five months, pushing through only on June 18.

Yellen secretly yells for China’s help

Related:

[2008] China’s Hu, Bush discuss financial crisis (archived)

Powell Makes Unexpected Admissions During Prank Call With Fake Zelensky

Ms. Cat

Fed Chairman Jerome Powell made several bizarre, if not shocking, admissions during a prank call with two Russians posing as Ukrainian President Volodomyr Zelensky, where they discussed topics ranging from inflation, to the Russian central bank, to joking about having a ‘printing press’ in the basement and possibly setting up a federal reserve bank in Kiev.

Powell Makes Unexpected Admissions During Prank Call With Fake Zelensky

Millions of seniors on Social Security are at risk of losing benefits this summer if the GOP doesn’t raise the debt ceiling

Ms. Cat

Millions of seniors on Social Security are at risk of losing benefits this summer if the GOP doesn’t raise the debt ceiling

As Insider previously reported, Biden could get around Congress through a process known as minting the coin, in which Biden could deposit a $1 trillion platinum coin in the Federal Reserve thanks to a loophole in the types of coins the Treasury can mint. But Yellen has dismissed that idea on numerous occasions and remains committed to Congress lifting the debt limit once again.

The specter of socialism haunts US Congress

Ms. Cat

*Trigger Warning*: this talks about socialism, which seems to trigger some of those who follow my blog. If you don’t like something, that I post, either scroll on by or unfollow me!

A specter is haunting Congress: the specter of socialism.

Last week, as the US Congress discussed approving billions more dollars in weapons for the war against Russia and began negotiating cuts to social programs in advance of the debt ceiling expiration, the House spent three days discussing and adopting a resolution denouncing socialism and pledging to reverse all the social gains made by the working class on a global scale in the century since the Russian Revolution of 1917.

…

Before the resolution was brought to a vote Thursday, the Republican-controlled House Rules Committee rejected a proposed amendment introduced by Democrats that would have clarified “that opposition to the implementation of socialist policies in the US does not include federal programs like Medicare and Social Security,” according to the Hill.

The specter of socialism haunts US Congress

Progressives Say Congress Must Raise Debt Limit Now to Protect Social Programs

Ms. Cat

Progressives Say Congress Must Raise Debt Limit Now to Protect Social Programs

The programs have long been targets of Republicans, despite the fact that Social Security is fully funded through 2035 and is able to pay for 90% of benefits for the next 25 years, even without Congress acting to expand it.

Related:

GOP’s Thune Sees Debt-Ceiling Hike as Vehicle for Budget Cuts

White House Knocks Thune’s Bid to Tie Debt Limit to Entitlements