When we had the debt stand-off in congress in 2011 and the euro...

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cory85

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14/02/17

16:09

Post #: 22605713
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Originally posted by Crom Valen ↑

It's coming....the conflict over raising the debt ceiling is on it's way....Skol can't see it, but it will happen...

http://www.miamiherald.com/opinion/op-ed/article132560489.html

....sometime near the end of the summer, the Congress will need to raise the debt ceiling in order to prevent the government’s credit rating from collapsing and causing what, by many accounts, would be a significant economic downturn that would lead to a surge in unemployment.
If past voting patterns are prologue, there are at least 150 Republican members of the House and 30 Republican members of the Senate who will not vote to raise the debt ceiling on a “clean bill” — one with no other provisions attached.

Moreover, any budget cuts that many of those members would demand in order to vote for a debt-ceiling increase would almost certainly lead to no Democrats being able to support such a proposal. Finally, some members of the House and Senate will not vote to raise the debt ceiling under any circumstances.

This means that seven years after the passage of TARP, there may soon be another plea for Democratic leaders to save America’s economy from the brink of collapse because Republicans are unable to pass such legislation on their own.
When this happens, Democratic leadership should demand that Congress pass common-sense comprehensive immigration reform as their price of admission for ensuring that an economic collapse does not occur under a Trump administration.

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When we had the debt stand-off in congress in 2011 and the euro debt crisis gold went crazy.

European debt crisis drives gold rush - Nov. 17, 2011 - CNN Money

money.cnn.com/2011/11/17/markets/gold_europe_demand/
Nov 17, 2011 - NEW YORK (CNNMoney) -- Even near record high prices, gold hasn't lost its luster ... especially in Europe. Investors in Europe purchased a ...
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0 Great analysis

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