Do you pretend to have the vaguest idea what you’re talking about? The 14th only

Do you pretend to have the vaguest idea what you’re talking about? The 14th only means that the government may not exscape it’s incurred debts. The debt limit exists to prevent runaway spending and became more important once fiat money was created and was unbacked by anything.


Source date (UTC): 2023-05-09 02:08:08 UTC

Original post: https://twitter.com/i/web/status/1655756505918963712

Reply addressees: @genabulele @InsideWithPsaki @jrpsaki @RepRaskin

Replying to: https://twitter.com/i/web/status/1655755271904415746

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