Another Loomer in DC
As if the incompetents in Washington DC needed another crisis on their hands, yet 1 more is headed their way.
Health care coverage/cost.
North Korea.
Hate groups/speech.
Trump tweets.
Opioid epidemic.
Immigration.
Trade imbalance.
Petty political correctness issues.
Terrorism (both foreign & domestic).
Iran.
And this big one:
Looming debt limit fight rattles Wall Street
“Washington has not been able to get a single thing of substance done since this Congress was established, so given that, there are a lot of reasons to be nervous that they won’t get it done,” said Mark Zandi, chief economist at Moody’s.
(NOTE: I would disagree with the "single thing of substance" comment; they did get us a reasonable SCOTUS justice, which was an absolutely critical point for many in the last election)
We've been thru these battles before. And they are not pretty. Basically, it's a grab/ploy for the government to print more money and/or become further indebted to China.
Without the debt increase?
Treasury Secretary Steven Mnuchin has told Congress that if it doesn’t take action on the debt ceiling by Sept. 29, the government will not be able to pay its bills.
With the debt increase...... we just go further and further into the hole, costing taxpayers gazillions and bringing us closer and closer to the sky-high tax rates seen in Europe.
Not good, folks.
Even in the midst of the chaos.......
Grace & Peace & Love to you all -
Matt
