Cheery news from The Epoch Times:
US Could Default on Debt as Early as Summer, New Study Estimates
The United States will run out of existing funds to pay the nation’s bills within seven months unless Congress raises the debt ceiling, a bipartisan group confirmed on Feb. 22
The “X Date” when the government will have to begin delaying some payments can’t be predicted with certainty, according to the Bipartisan Policy Center (BPC), but will likely come in summer or early fall of 2023.
“Today’s X Date range reflects, in part, the considerable uncertainty in our nation’s current economic outlook,” said Shai Akabas, the BPC’s director of economic policy.
Time to hold the House's feet to the fire and get a balanced budget instead of a continuing resolution.
Never happen but we can dream can't we - instead, we pass this on to our children.
Leave a comment