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Economy

peppertree

(21,624 posts)

3. Yes - but today's Repugs have become a full-on fifth column

Reply to Voltaire2 (Reply #2)

Wed Sep 8, 2021, 03:50 PM

Sep 2021

To say nothing of some of their biggest backers - notably vulture funder Paul Singer.

Best known for bankrupting Argentina by having (bribing?) a judge block payments to bondholders, Singer was reportedly huddling with then-Majority Leader Eric Cantor during the last debt ceiling showdown in 2011.

Cantor was said to be the main instigator in that one.

That said, I'm sure the Fed will find a way around whatever Repugs do this time.

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Yellen: U.S. on track to default on national debt in October [View all] peppertree Sep 2021 OP

Not good. I doubt it will happen. jimfields33 Sep 2021 #1

I agree. I'm sure the Fed will find a way around whatever McCarthy's Repugs pull. peppertree Sep 2021 #4

as happens just about every year for like about the last 25 years. Voltaire2 Sep 2021 #2

Yes - but today's Repugs have become a full-on fifth column peppertree Sep 2021 #3

Does raising the debt ceiling take a 2/3 vote? n/t getagrip_already Sep 2021 #5

No (thank goodness) - and under the Gephardt Rule, mere passage of the budget suffices in the House peppertree Sep 2021 #6