Joe Biden is running America off a cliff.
And the bills are now coming due.
But now, Biden’s disastrous mismanagement is about to crash the American economy like never before.
Joe Biden has had a disastrous nine months in office.
After inheriting an economy that was damaged by COVID but well on its way to recovery, Biden has overseen the US economy run itself to the edge of a fiscal cliff that could end in disaster.
Not only are jobless claims failing to go down after nearly a year in office, but America’s monthly unemployment reports show that the US economy is struggling in a way that it hasn’t seen since the Obama-era.
And with inflation running rampant across the country, resulting in a spike in gas and food prices from coast to coast, things seem to only be going from bad to worse.
Now, the United States is on the verge of bankruptcy as the Federal debt limit nears its ceiling.
And with the Federal government on the brink of defaulting on its monumental 30 trillion dollars in debt, there is a real risk that the American economy could be sent spiraling down, similarto the COVID crash of March 2020.
Yahoo reports, “Wall Street strategists are taking notice of the political turmoil, warning there is growing danger for financial markets as the clock ticks closer to Oct. 18, the date by which Treasury Secretary Janet Yellen expects the country to reach its limit on sovereign debt.”
Democrats are now hoping to get Republicans to join them in voting to raise the debt ceiling, but so far, Senate Republicans remain overwhelmingly opposed to more reckless spending, especially as Democrats try to cram in more of their socialist agenda into any bill to raise the debt ceiling.
“Schumer on Tuesday again rejected using a time-consuming legislative approach, called reconciliation, that would allow Democrats to raise the debt ceiling without Republican support,” adds Yahoo. “Reconciliation, Senate Minority Leader Mitch McConnell has said, is the only option because Republicans will not agree to raise the debt as Democrats negotiate Biden’s costly tax and spending plan.”
As usual, Democrats are using a crisis for their own political benefit, all while trying to blame Republicans and even capitalism itself for the crisis they helped to create.
And with Republicans so far refusing to go along with the madness of doubling-down on Biden’s failed agenda in the middle of one of the weakest economic recoveries in modern history, it’s no surprise that Democrats are now racketing up their rhetoric, preparing to blame conservatives for causing a default that they could have avoided weeks ago.
What’s more, Democrats are now using the crisis to try and attack the filibuster once again, which remains the last best line of defense against allowing much of their radical agenda topass Congress and reach Biden’s desk for his signature.
“Biden said Tuesday evening that a “real possibility” is for Democrats to temporarily and unilaterally change Senate rules to head off a Republican filibuster and pass a debt suspension with Democratic votes,” concludes Yahoo.