Latest Breaking News

LastLiberal in PalmSprings

(13,065 posts)

4. The debt limit is like the credit limit on a charge card.

Mon Jan 13, 2025, 05:47 PM

Jan 13

It exists to limit the exposure the lender (the government in this case) has to the desire of the cardholder (Felon47) to spend without regard to whether or not they can pay the bill. IOW, the debt limit protects the people of the United States from a man who has declared bankruptcy six times.

Bankruptcy not only affects corporations, but also the small businesses who have provided goods and services on the basis of T***p's promise to pay,

In one case, a former Deutsche Bank executive who signed off hundreds of millions of dollars in loans to Donald Trump killed himself. His death was not directly connected to Trump's bankruptcies but rather to his own role in approving loans to Trump.

Click here to purchase valentine hearts!

Edit history

Please sign in to view edit histories.

Recommendations

2 members have recommended this reply (displayed in chronological order):

Bernardo de La Paz eppur_se_muova

4 replies

= new reply since forum marked as read

Highlight:

Trump frustrated with GOP lawmakers over debt limit quandary [View all] LastLiberal in PalmSprings Jan 13 OP

If they knew how to govern, the American citizens would have given them a workable governing majority. . . . . nt Bernardo de La Paz Jan 13 #1

His railing against the debt limit lets you know exactly how he plans to cut taxes for his billionaires. . . . nt Bernardo de La Paz Jan 13 #2

The debt limit is like the credit limit on a charge card. LastLiberal in PalmSprings Jan 13 #4

Trump WANTED a default on the national debt when he was running against Biden. Frank D. Lincoln Jan 13 #3