The debt ceiling

[conditionzero]

Even your retirement savings aren’t bulletproof— they’re at the mercy of the market. If they default, your savings are just as ****ed and the dollar will be worthless. You’ll need your whole life savings to buy bread at that point

I am not a financial advisor, but I don't even put money in accounts like 401k's or other's that are tied to markets.

 

[Frederick]

I am not a financial advisor, but I don't even put money in accounts like 401k's or other's that are tied to markets.

Bonds?

 

[conditionzero]

Bonds?

I don't even trust those anymore Even if a bond interest was set to offset inflation, if our treasury goes caput, so do they.

I will just say, I am a "don't have all your eggs in one basket" person and have been more gravitated towards physical stores of wealth lately.

 

[Oklahomabassin]

Someone might send em an invitation to FPU.

 

[shotty]

Betcha that at the last minute, just in the nick of time, a compromise will be struck; Saving the country from financial ruin. Both parties will crow about how they fixed things and both parties will ***** and complain about the other. Political theater. Seen this movie to many times. It always ends the same.

 

[CHenry]

Stiney object, look over here while we screw you in other ways

 

[John6185]

This happens like clockwork and the.politicians get everyone all worked up and then a compromise is made. Maybe it's time to let the chips fall and default. After all, they haven't had a balanced budget since When-1939?
Biden has already said he wasn't concerned about the debt ceiling if that means anything. I'll bet if they started tapping Biden's bank account he'd get concerned.

 

[cowadle]

we shouldn't allow moving the ceiling up. the govt has income stream just as we do at home. they can adjust their expenditures to balance with the income. there are things coming due that are payable to the gov every day. even now the gov is giving pork out to special interests.

 

[AKmoose]

Was just listening on the radio (96.9), not sure who is on before Kilmeade, but they were covering the chitshow and said there were some of our tax dollars going to a "study" of why chefs in Paris speak their own language that only the other chefs understand. Just why is US tax dollars being spent on BS like that?

 

[RadioTech]

we shouldn't allow moving the ceiling up. the govt has income stream just as we do at home. they can adjust their expenditures to balance with the income. there are things coming due that are payable to the gov every day. even now the gov is giving pork out to special interests.

Both sides are at fault, vote them all out!