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The U.S. Treasury is bracing for impact as the national debt ceiling is projected to be hit in mid-January, according to Treasury Secretary Janet Yellen. To avoid default, the Treasury will deploy "extraordinary measures" to manage federal obligations. Congress will have a limited window to act, passing necessary legislation to raise the debt limit before these measures expire.
Yellen emphasized the urgency, stating, "The Treasury anticipates reaching the debt ceiling between January 14 and 23, necessitating immediate action to safeguard America's financial integrity and credit standing."
This looming deadline underscores the critical need for legislative action to avert economic repercussions. But let's not kid ourselves; this is just another episode in the government's never-ending debt party, where future generations are the ones left holding the bill. The state and its reoresenting parasites, in their infinite wisdom, seem to think that borrowing from tomorrow to pay for today's extravagance is a brilliant strategy.
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A debt "celing" that keeps going up isn't much of a celing.
As Lyn Alden says:Nothing stops this train.
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where future generations are the ones left holding the bill.
The new generation is getting smarter and most of them would be denying this foolishness by governments everywhere. I believe the next generation would decide against the state and adopt Bitcoin to evade all this manipulation.
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Let's see if the Republicans can once again bravely unite to keep the reckless spending going. I believe in you, Republicans!
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