Comments by "Walter Bailey" (@walterbailey2950) on "Yellen Urges Congress To Raise Debt Limit Immediately, Warning U.S. Could Run Out Of Money By June" video.

Fed wants to limit economic growth not cause a depression
3
This spending has already been made. The warning is to pay those bills before a catastrophic default happens
2
@alexfrideres1198 It’s raising the amount of debt we can incur so that we can pay existing bills. Otherwise those won’t be paid and the country will default causing catastrophe
2
@user-kh9rb8rx7i No WE bought the truck and we need more money to make the payments. If we don’t we will all lose our homes, jobs etc.
2
@JoeArn1 And you think the answer is to just stop paying everything we owe? what do you think will happen then?
2
@nickthompson1812 That won’t matter unless we pay our bills.
2
@Dept246 Not unless idiots force a needless default
2
@alexfrideres1198 you don’t but those are two different goals. You certainly won’t be able to ever pay off our debt if the country defaults. Avoiding default, is an immediate issue of national survival. reducing our debt as a long-term goal, and on that score were a lot better off than many other rich countries already-e.g. France, Japan.
2
@joyfulosity no it’s completely unnecessarily, forcing the country into a catastrophe that will render us in capable of dealing with the debt and also just about anything else. And once done it, can’t be undone.
2
@Jaifreeman trumps failure to respond to the pandemic didn’t help. It also cost hundreds of thousands of lives.
2
@josephsmith2084 Not according to any accepted definitions and certainly nothing remotely close to what WILL happen if the GOP stupidly forces a default.
2
@chevyhp It’s a threat to destroy the economy unless Democrats agree to gut their laws.
1
Default will make your money worthless and throw you out of work. It’s not what you think
1
@midcoastprepper3495 let’s see should we take the opinion of random YouTube poster or the Yale PhD Harvard professor Secretary of the Treasury? Oh wow, that’s a tough one.
1
@vincentsanabria no other party has ever threatened to destroy the country’s economy by forcing it. Needless default. sorry, there’s no room for false equivalency here. It’s the GOP and only the GOP making a terroristic attack on the country: their country.
1
@timothyshaneschaefer8289 refusing to lift the debt ceiling, will ensure that we don’t pay our bills and that we won’t be able to again for a long time if ever
1
@networknomad5600 GOP is proposing to stop paying bills already incurred, causing the economy to collapse
1
And you think the answer is for parents to stop paying their mortgage?
1
@catcowboy6376 Ok that’s not what this would do. This would refuse to pay our current bills, causing a catastrophic default/new Great Depression.
1
WW1 measure to ease borrowing. It was never meant to be a means for politicians to hold the economy hostage
1
@truckercowboyed2638 no this is like you refuse to pay your American Express bill for charges already made and also refuse to pay your mortgage or your car payment. Or there’s an important difference between national solvency and individual solvency. If the entire country defaults the money that most people have will also become worthless.
1