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RedDeerGuy1's avatar

Is it debt ceiling time again?

Asked by RedDeerGuy1 (18593points) September 27th, 2016

Again the USA needs more money for day to day operations. We have done this before. Is there anything different this time?

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7 Answers

Darth_Algar's avatar

“We” have? I thought you were Canadian.

RedDeerGuy1's avatar

@Darth_Algar Yes , i’m Canadian. When the USA farts the world trembles. I watch lots of CNN. I’m interested in learning more for when it happens to Canada.

Kropotkin's avatar

I’ve really no idea why the US even has a “debt ceiling”.

It’s a concept that is worse than useless, serves no purpose, and makes no sense in the context of government finance.

stanleybmanly's avatar

The difference this time is that they will “solve” the problem in record time. You won’t believe how quickly and smoothly things are gonna go as the corrupt bastards clear up the mess weeks ahead of the election.

SquirrelEStuff's avatar

Apparently there is the threat of another government shut down the first week of October.
These things always happen at convenient times. I guess it’s just a coincidence….

elbanditoroso's avatar

Yes, it’s that time again.

And yes, the republicans are once again so screwed up in their policies that their internal fighting will make it worse than it needs to be. And again, they will bring it down to the wire because of the fundamentalist right winger Teabaggers.

You would think that they would learn. This sort of brinkmanship – four weeks before the election – will not end well for the Republicans. And yet they persist.

Ain’t politics fun?

zenvelo's avatar

The debt limit has been pushed back until March of 2017. what occurs this week is the start of the 2017 fiscal year. The US Government runs out of funding if a budget resolution is not passed by Midnight Friday night.

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