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According to Treasury Secretary Janet Yellen, we’ll move the debt ceiling deadline on June 1. Once the U.S. stops paying its payments and is in default, financial calamity will ensue. Yes, one thing have to be executed to keep away from cratering inventory and monetary markets and sure recession.
The drawback is, Joe Biden and the Democrats are attempting to barter with unhinged extremists.
But for those who hearken to a lot of the reporting about the debt ceiling standoff, apparently we’re witnessing simply one other occasion of these darn Democrats and Republicans unable to get something executed in Washington and, gosh, can’t each side simply give somewhat and finish this factor.
What we’re witnessing is far worse and extra harmful.
Republicans are attempting to take over U.S. policymaking by threatening to destroy the financial system.
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