Why McCarthy Will Default On Our Debt

[gab13by13]

It's the same reason that the Magat party is in bed with Russia and Saudi Arabia, fossil fuel money. The Magat party is owned and funded by the fossil fuel industry. It's why Democrat Joe Manchin has come out in favor of a pro-fossil fuel Magat bill HR-1.

The fossil fuel industry doesn't want to go the way of the dinosaurs and it will be fine with Kevin McCarthy defaulting on our debt if it gets Magats back in power. Buckle up folks, we are going to be in for a rough ride, President Biden may want to reconsider the 14th Amendment.

https://www.msn.com/en-us/news/politics/mccarthy-pushes-us-to-brink-of-default-to-appease-energy-donors-but-biden-has-an-ace-up-his-sleeve/ar-AA1brdlQ?ocid=msedgdhp&pc=U531&cvid=0e020a335c074874986bff3fc0545b5f&ei=23

[erronis]

1. They don't care about what happens to the 99%. They (repugs) think they'll be just fine

with the plutocrats taking care of them. They may want to reconsider when the stuff hits the fan.

And I don't think the 14th Amendment is off the table.

[llmart]

7. "And I don't think the 14th Amendment is off the table."

I don't either. I trust President Biden to know what to do.

[Walleye]

9. He's looking like he's got some kind of ace up his sleeve

[Captain Zero]

14. The Supreme Court could not declare the 14th Amendment un-constitutional.

At least I don't think they could.

[Mr.Bill]

15. They could and they will.

Who's going to stop them?

[Walleye]

16. That's a good point

[GoodRaisin]

17. They'll try.

That we can be sure.

[CentralMass]

2. K&R

[Tbear]

3. To default on the debt is unthinkable

and unconscionable and for that alone I will not be surprised if the GQP unleashes a new preventable hell on the US and the world in the form of an insolvent America.
If thedonald can’t have it he’ll try to burn it down. See J6.

[Shermann]

4. GOP members do have 401Ks

So, we have some common interests and thus hope. Watch out for any big stock sales this month though.

[Walleye]

11. Somebody please tell these older Republicans that they won't get their Social Security check next mo

[Shanti Shanti Shanti]

5. I doubt they'd let any of the big benefits like SS or retired military pay get suspended

That would slaughter them for years, the fury over that would be intense, heads would roll.

Might be a good time to visit those national parks on your list though, they would be in first cuts

[Igel]

13. SS has dedicated funding.

Separate, parallel revenue stream.

The only way there'd be a shortfall is if the federal government lacked the funds to pay off the interest or redeem special issue T-bills as they come due or are presented for redemption by the SSA. (Even then, I'm not sure those T-bills qualify as "public debt" since it's not issued debt held by the public.)

Not sure about the funding for retired military or GSA staff. Or retired members of Congress or presidents.

[gab13by13]

6. There is a reason that McCarthy chose Garrett Graves

to be his #1 negotiator, Graves is an oil and gas guy. The default of our debt is being pushed by the fossil fuel industry.

Follow the money.

[elias7]

8. This NEEDS to be framed as Republications are not honoring Trump's past spending

[gab13by13]

10. Magats just make shit up,

they claim that the Trump tax cuts for the rich paid for themselves. Who will do the framing, the MSM that is owned and managed by right wing oligarchs?

[GreenWave]

12. Puta has been stockpiling gold exactly to replace the dollar. (What on Earth source)

His minions must follow orders!

[onenote]

18. This OP didn't age well.