if the debit celling defaults, millions will go homeless. what happens then?

originally posted by: vNex92
a reply to: wrayth

They will still give Ukraine and Zelensky even more billions even if the debit celling defaults..

Good. At least there is some light at the end of the tunnel. Putin earned this asswhooping 😁. On topic, they're always screaming the sky is falling. We won't default, turn off the news folks

Just another part of the plan to control society even more. You’ll own nothing and you will be happy.

originally posted by: vNex92
a reply to: wrayth

They will still give Ukraine and Zelensky even more billions even if the debit celling defaults..

Zelensky is a corrupt evil psychopatic criminal . He ooozes narccisim/grandeur , he absolutely disgusts me !
Grandson/son of Evil Soros, runs in the family

originally posted by: Mantiss2021
a reply to: wrayth

What happened in 2020 when millions were locked out of their jobs due to COVID?

If the default happens, and takes longer than a few weeks to resolve (highly unlikely), you can bet that their will be plenty of "emergency programs" put in place, at either the federal or state levels (perhaps even, both). To keep people fed and housed.

The long-term cost, of course, will be staggering.....but conveniently "kicked down the road".

Yes, and the costs of this planned failure will be passed down to the innocent tax payer. This way they help further elminate the 'middle class'.
There will be just the poor (you will own nothing and be happy) and the evil 'elites'

I see no future, I struggle to see a future. Though I try to remain optimistic for my son. He said his childhood has been robbed because of the last three years

originally posted by: grey580
a reply to: wrayth

Time to move to Europe for some free health care.

& higher taxes. So called 'free' healthcare is still paid for somehow. Doctors don't work for free you know? Can't tell, maybe you were being sarcastic

originally posted by: Mantiss2021
a reply to: wrayth

What happened in 2020 when millions were locked out of their jobs due to COVID?

If the default happens, and takes longer than a few weeks to resolve (highly unlikely), you can bet that their will be plenty of "emergency programs" put in place, at either the federal or state levels (perhaps even, both). To keep people fed and housed.

The long-term cost, of course, will be staggering.....but conveniently "kicked down the road".

LOL, that's what I was thinking. The Debt issue is in fear of default because Biden refuses to compromise with Republicans to limit future spending. So if we do default, they will increase future spending automatically due to the hardships caused by.....wait for it.......trying to reduce spending.

Personally, I believe most of this is just hype from the media to divide people. I can't find it now, but both McConnell and McCarthy have vowed to allow the debt ceiling to be raised but it is only allowed to be used towards spending that has already been approved in the past. The rest of these details on paying for Biden's crap wish list are all going to be haggled over for the rest of Biden's term, probably with no success. The necessities will be covered.

a reply to: wrayth

Is all going to be peachy, biden send me 500 dollars this week, woo hoo, he will send me more when he crashes the economy.

So what happens to all the steady flow of government revenues ?

Do payroll withholding taxes stop too? 😎

Why would "essential" payments stop? 😎


U.S. Treasury Statements (if you can decipher them)

At least it is not winter. Living outdoors is called camping around here. I lived in a van for a summer and in a fifth wheel camper the following winter and summer...but I have never been homeless. Anyone who considers someone homeless who lives in a tent doesn't realize many people have camped all summer.

first probably riots and mass protests, credit score downgraded and lessened investments in America, potential second great depression, bad stuff. unfortunately its gotten to the point where we get close to going past whatever debt ceilings Congress sets so one of these days we might default anyway even if a debt ceiling is agreed on like usual.

a reply to: namehere

But, but biden said he plans to make the working class to pay for the poor soo they can have homes, tweaking the credit scores.

Yep the working class will become the new poor class, soo the imported poverty across the border does not look soo bad.

a reply to: marg6043

its not a biden thing, its an every year both parties use the debt ceiling as a weapon to force the other side into giving them what they want situation. the financial institutions see this and think 'how can we trust these guys, lets get our money back and leave, we warned them but they still kept messing around flirting with default even after losing aaa+ status in 2011'.

partisan political games in Congress will cause a default, not any policy by any president because believe it or not Congress is the real boss not the president.

The debt ceiling isn't the only volatile thing right now.

The video below is new and talks about the large retail stores closing (and there are MANY with similar messages) before the year is out. Some will be closing only part of their locations. You can watch the video but I've also put together a brief list. With too many failings, the commercial real estate bubble will also crash which is ove a trillion dollars of debt. People aren't spending like they used to, the stress of the Covid shutdowns, the rise in inflation, wage increases, layoffs due to all the business' closing and the accompanying ripple effects. I blame the Covid shutdowns in large part for what is happening to our economy. Many people had real life readjustments during the shutdowns, especially women. They couldn't continue many of their beauty procedures and the purchases that go with, and they realized they could survive and thrive without them. People got used to living with less and made do, changed their lifestyles, whatever. It's a new world and new ideals which changes the playing field greatly.

Which makes me wonder why they're still pushing the EV thing so hard. I think very few people will be able to afford these vehicles and it's like most people aren't getting the message and it's business as usual.

People should now be contemplating where they will live, what style of life they will be living etc. What do most know about living in really rough times? I can't help but think of the dust bowl days I have read so much about, and the 1930s, they were horrid for several reasons, world wide. I've also known a lot of elderly people and listened to hours of stories about life in the old ways in the old days. They had it tough but it was a life that many of them loved.

Enough rambling, on to the topic at hand.

25 big box retailers about to go under
www.youtube.com...

Kohls
Macy's - 4 locations which are all in malls
Target - decline in food traffic
99 Cent Only
Office Depot - 300 loc
JC Penney
Jo Anns Fabrics
DIsney - retail stores
Bed Bath and Beyond
Bath and Body
Gap, Banana Republic
Guess
Foot locker
Starbucks
Burger King 400 locs
McDonalds
Safeway
Stop n Shop
Walmart
Kroeger
Sprouts

a reply to: StoutBroux

I wonder exactly where these retailers are closing because those places are all busy in my neck of the woods.

If I had to guess, I would guess left coastal, New York, Illinois, blue state, larger metro with rampant crime is where many of these closings will be. The places where you see a sharpening of the rich/poor divide and a squeezing out of the middle class.

I am going to say thought at this rate, the crash is inevitable. It's just a matter of when.

No one has any appetite for what it would take to try top avert it because it means a lot of pain for everyone top to bottom. Everyone wants someone else to pay, and that's no good. We all have to make do with less, a lot less, top to bottom. And that's no happening. Everyone wants theirs at someone else's expense. No one wants to take it in the shorts in shared sacrifice.

So we'll all be left with nothing in the end.

I agree is going to be a crash, that will affect the economy, the banks has been kept hush, hush only feeding one at a time to the media and the public, the democrats are good at how to hide everything.

originally posted by: ketsuko
a reply to: StoutBroux

I wonder exactly where these retailers are closing because those places are all busy in my neck of the woods.

If I had to guess, I would guess left coastal, New York, Illinois, blue state, larger metro with rampant crime is where many of these closings will be. The places where you see a sharpening of the rich/poor divide and a squeezing out of the middle class.

Malls especially. Malls are quickly dying. Brick and mortar are dying. Some of them will try to get going online but it's almost too late for that. And the areas where they're busy most likely aren't the areas that will close the business. The video discusses a lot of this and who has been mentioned on other sources as more affirmation to the claims.

Walmarts 4 in Chicago which was already announced but they may do some re-organizing after this.

a reply to: StoutBroux

I would guess the places where you go in to shop and everything is behind a security lock are the ones going to close. We don't have that yet here thankfully.

if the debit celling defaults, millions will go homeless. what happens then?

Everyone not them will simply just starve to death.