Our economy is screwed. Top Republicans have come forward to say they are more than willing to crash our economy by pushing back a vote on raising the debt ceiling until July. On May 16th - our nation is expected to reach its debt limit - and if no action is taken we could be facing a Greek-style implosion of our economy.
But Republicans feel that if they can push the vote back until July - after we've hit that ceiling - they can have more leverage to negotiate away spending that they don't like - primarily spending that benefits working class people - seniors - women - and children. Treasury officials have come forward to say that any delay in the debt-ceiling vote could have "highly disruptive" effects on our markets.
Looks like another Republican hostage crisis is in the works - They're saying that if we don't let them throw women - children - and poor people out on the streets - then they'll blow the economy up."
-Thom
(Are they going to succeed?? Tell us here.)
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