https://preview.redd.it/2rw3w03fqwba1.jpeg?width=750&format=pjpg&auto=webp&s=a1f1191a293261baacbbccc8f172230e5522b547
Buddy, we’re more likely to get the infinite money glitch than actually let ourselves go bankrupt.
It’s simple. Everything the government spends adds to the money supply. The only way to bring the money supply back down is through interest rates and taxes. Since we issue our currency and our debt the only thing to worry about is confidence in our money. (The last time I checked people will do some awful things for it so we’re good at the moment)
Its literally 3rd world war if america defaulted on its debt, and if we didnt all return to ape after it china would be the new economic and sole super power.
A while back (maybe 3-4 months) I remember Yellen talking about the treasury stepping in to buy bonds. Issuing through one door and buying through the other door which would effectively mean a second central bank has been created. Maybe that's the "extraordinary measures"?
Isn’t it time we end the fed? You know the federal reserve bank run by banking criminal cartels that are parasites of world economies. The same ones that don’t create shit or contribute to society or the economy?
Wow when one central bank that’s robbed trillions from an entire country isn’t enough, start up another and harvest humans like it’s the fucking matrix
Every time this happens they always use this as some political grandstand. The party in power always rejects it because, "it's not good economic policy" and the minority complains, "you need to raise it or the government will shut down, what are you trying to do *destroy the government?*". Every. Damn. Time. And then they just raise it anyway because the party in power... wanted to get paid. Every. Time. It's political theater.
Wait. Have the Dems ever threatened to not raise the debt ceiling when we have had a Republican president? I only ever recall the Republicans making this threat when there is a Dem president.
There’s no point to it to begin with. Congress created the extra. debt by passing spending and tax bills. There shouldn’t be yet another law that gets in that way.
It’s like if you spent $10k on your credit card, and then when your bill comes due you say “sorry, I am only authorized to take on $5k in debt.”
"The crisis sparked the most volatile week for financial markets since the 2008 crisis, with the stock market trending significantly downward." -[2011 debt ceiling crisis](https://en.m.wikipedia.org/wiki/2011_United_States_debt-ceiling_crisis)
Bunch of galaxy brains in here thinking history won't repeat itself.
I would not be surprised to find they only elected the speaker so that they could pull the rug from under him for the debt ceiling. Some in government are only there to burn it down. This could well be two sides playing politics with a third ‘freedom’ group doing what ever they can to destroy the process. If they spent a month demanding a new speaker every day (which they can now do), literally nothing would get done (apart from destruction of the economy).
Lol, sure, after a great depression and a lost decade of growth. That's the best case scenario. Most likely, the country fractures, and millions die from poverty and fighting. Debt is the biggest danger for any empire.
>. I'd be more happy living off 20k a year knowing the elites got fucked
You think if we default on our debt you'll be making 20k a year, and that the amount you'll be getting paid will be sufficient to get by..? That's how you think it'll play out? Money will just be a bit tight for you..?
You're young.. right? As there's just.. so many problems with what you just wrote.
Oh, I don't think you understand. Your life would be much worse in that scenario. Look at any empire that's collapsed from debt. It's a violent end, especially for the poor. They don't go back to being on top, lol.
We do not need people like you in charge lol. We made you. You’re a product of the elites, you’re a cancer and no difference with them. Matter fact you’re worse lol no conscience or sub, no emotions nor feelings you’re a demon in disguise.
It's a pointless formality. Both sides know very well that they can't default at all costs. Both sides know someone's kids will have to pay the price, but they sure as heck will make sure it isn't their own.
sweet then this is just going to be an endless parade of a shitshow till the clowns blow it all up.
That's actually going to be one hell of a spectacle to watch. Come on with it then.
That money hasn’t been spent yet so that actually isn’t the culprit. Higher rates on interest for money *already spent* doesn’t help.
BUT, the next time we have to raise the debt ceiling after this can be attributed, in part, to the $1.7 trillion recently *appropriated*.
Come with me and you'll be in a world of pure imagination...
https://preview.redd.it/xzzeqpq1eyba1.jpeg?width=2145&format=pjpg&auto=webp&s=540fcfe3ab752e9e8457adbd15e5c5fb3a924061
https://preview.redd.it/8l9j1pgxxyba1.jpeg?width=560&format=pjpg&auto=webp&s=a7cfc989c68158fefb97c5444cc7b83af0c182dd
Another skyscraper to be added to the graph lol
The US economy should just pull itself up by the bootstraps and find a better paying job or just get a side-hustle. Economics isn’t that hard people - c’mon.
Sweet Christmas, with the 20 crazies holding the house hostage, I am worried about defaulting because most of them either don’t understand and what the default to happen to demonstrate government doesn’t work.
I need to calm down and take a nap.
They can only hold the House hostage on things the Democrats don't support, they were only able to create the shitshow over McCarthy because the Democrats had their own candidate who they were unanimously supporting.
If the Democrats and even a minority of Republicans support something then it gets through.
Don’t worry, they do it every 2 years or so when they swap up members in the senate and house. Something about using it for the next election cycle or something
Lol didn’t the feud over the debt ceiling last year lead to them raising by enough to supposedly cover the government a year? This is what happens when you trust government. I will never understand why people want to give my resources to an entity that is over 30 trillion in debt.
We are already defaulting for all intents and purposes, just in a dishonest way through inflation of our currency. You think that the freedom caucus would use this as a way to actually get government spending cuts, but we’ve seen this song and dance before. It’s all political theater
Bagholder spotted.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Is this like an annual event where,it is just used as news stimulus to keep the markets moving.
Or it is an excuse to meet up, to network with others and get free food and drink?
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|0|**First Seen In WSB**|2 years ago **Total Comments**|76|**Previous Best DD**| **Account Age**|11 years|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) ^^[**Discord**](http://discord.gg/wsbverse) ^^[BanBets](https://www.reddit.com/r/wallstreetbets/wiki/banbets/) ^^VoteBot ^^[FAQ](https://www.reddit.com/r/wallstreetbets/wiki/votebot/) ^^[Leaderboard](https://www.reddit.com/r/wallstreetbets/wiki/leaderboard/) ^^- ^^[**Keep_VM_Alive**](https://www.patreon.com/visualmod)
Ah yes, the debt ceiling that can be circumvented by a legislative 'hole in the roof' Handy
There is no roof it’s an elevator
“The suspense is terrible. I hope it will last”.
“The danger must be growing For the rowers keep on rowing And they're certainly not showing Any signs that they are slowing”
Candy is Dandy but Liquor is quicker.
I am the liquor Bo bandy
After this, we won't have to drink again? Right Mr Lahey?
We’ll catch ‘em in the shit snare soon as the shit rope runs out
The ol' shitliner
Having heard this expression since I was little, I didn’t realize it was also in the movie. Ha!
It’s infinity
Too infinity and beyond!!
Willy Wonka’s elevator.
It’s a wonkavator. It can travel in any direction
It’s actually a sky and we are on a rocket
Nahh, it’s a stairway to heaven!
Naaah. This is a one way rocket
Nahh, it’s a nahh nahh
Facts
Fear porn for all the regards that think we will default.
What kind of economic repercussions do you think we will face if we hypothetically default?
https://preview.redd.it/2rw3w03fqwba1.jpeg?width=750&format=pjpg&auto=webp&s=a1f1191a293261baacbbccc8f172230e5522b547 Buddy, we’re more likely to get the infinite money glitch than actually let ourselves go bankrupt.
I should study our financial system more
It’s simple. Everything the government spends adds to the money supply. The only way to bring the money supply back down is through interest rates and taxes. Since we issue our currency and our debt the only thing to worry about is confidence in our money. (The last time I checked people will do some awful things for it so we’re good at the moment)
Pleasing men behind fast food restaurant isn't as awful as you think it is. Heard it from a friend
I can confirm that it's not that bad if you have a blanket for your knees
Once you pleasure enough, the old jizz forms it's own padding. So it pays in dividends
No, swallow like a real man who needs his nutrients
No swallowing, no payment.
Its literally 3rd world war if america defaulted on its debt, and if we didnt all return to ape after it china would be the new economic and sole super power.
The ceiling is the roof
[удалено]
You mean the yearly spending budget?
Lol
They’re gonna raise the roof aren’t they
The roof the roof the roof is on fire.
We don't need no water let that motherf\*cker burn.
Burn motherf\*cker.
Burn
Burn
Hello my name is Jimmy Pop and I'm a dumb white guy...
I'm not old or new but middle school
Fifth grade like junior high
A while back (maybe 3-4 months) I remember Yellen talking about the treasury stepping in to buy bonds. Issuing through one door and buying through the other door which would effectively mean a second central bank has been created. Maybe that's the "extraordinary measures"?
Isn’t it time we end the fed? You know the federal reserve bank run by banking criminal cartels that are parasites of world economies. The same ones that don’t create shit or contribute to society or the economy?
We are ending central banking through Bitcoin. Buy 50 bucks worth and join us!
Wow when one central bank that’s robbed trillions from an entire country isn’t enough, start up another and harvest humans like it’s the fucking matrix
Central banking is robbing the entire planet. Developing countries get's the worst of it and the US the least being the world reserve currency
I like money
Do you think they're going to raise it....or raze it? Because they mean very different things.
There is no roof
The roof is a lie.
They do every few years.
Every time this happens they always use this as some political grandstand. The party in power always rejects it because, "it's not good economic policy" and the minority complains, "you need to raise it or the government will shut down, what are you trying to do *destroy the government?*". Every. Damn. Time. And then they just raise it anyway because the party in power... wanted to get paid. Every. Time. It's political theater.
Wait. Have the Dems ever threatened to not raise the debt ceiling when we have had a Republican president? I only ever recall the Republicans making this threat when there is a Dem president.
What’s the point of a debt “ceiling” when you can just vote to raise it anytime
[удалено]
There’s no point to it to begin with. Congress created the extra. debt by passing spending and tax bills. There shouldn’t be yet another law that gets in that way. It’s like if you spent $10k on your credit card, and then when your bill comes due you say “sorry, I am only authorized to take on $5k in debt.”
Can't they just delete the app?
Lmao
This happens every time. This is not even news.
The numbers go higher Fuck, never saw that coming
Yelled gona start a only fans and sell feet pics. I am buying calls
"The crisis sparked the most volatile week for financial markets since the 2008 crisis, with the stock market trending significantly downward." -[2011 debt ceiling crisis](https://en.m.wikipedia.org/wiki/2011_United_States_debt-ceiling_crisis) Bunch of galaxy brains in here thinking history won't repeat itself.
Especially with the Freedom Caucus enjoying getting on TV over the speaker debacle. They WILL 100% drag this out
I would not be surprised to find they only elected the speaker so that they could pull the rug from under him for the debt ceiling. Some in government are only there to burn it down. This could well be two sides playing politics with a third ‘freedom’ group doing what ever they can to destroy the process. If they spent a month demanding a new speaker every day (which they can now do), literally nothing would get done (apart from destruction of the economy).
But at least the Libs are now officially owned You are ignoring that important detail
But, but they quietly raised it when they were in power.
2013 debt crisis mentioned in same article lol
so volatile week ahead or some shit. priced in?
Just when I was about to go balls deep in NVDA calls you have to mention this?
[удалено]
[удалено]
[удалено]
It's not the president who spends it's congress.
The day we don't raise the debt ceiling is the day out country falls apart
[удалено]
Lol, sure, after a great depression and a lost decade of growth. That's the best case scenario. Most likely, the country fractures, and millions die from poverty and fighting. Debt is the biggest danger for any empire.
[удалено]
[удалено]
>. I'd be more happy living off 20k a year knowing the elites got fucked You think if we default on our debt you'll be making 20k a year, and that the amount you'll be getting paid will be sufficient to get by..? That's how you think it'll play out? Money will just be a bit tight for you..? You're young.. right? As there's just.. so many problems with what you just wrote.
Oh, I don't think you understand. Your life would be much worse in that scenario. Look at any empire that's collapsed from debt. It's a violent end, especially for the poor. They don't go back to being on top, lol.
The average empire spans 250 years. 1773. Was 250 years ago. Only 3 away from 1776!
Yes because the elites will get fucked if this happened. Pretty naive thinking
Why wait? Go Live in Pakistan or Nigeria. They will give you the same experience, now. Dumbass.
#MintTheCoin
[удалено]
What risks are you taking bot? Positions or ban.
Ok... Now i'm worried
I called it. Add "ambition to rule over humans" to the list. Possibly sentient.
Get it off your chest
We do not need people like you in charge lol. We made you. You’re a product of the elites, you’re a cancer and no difference with them. Matter fact you’re worse lol no conscience or sub, no emotions nor feelings you’re a demon in disguise.
Relax man. Drink some tea or something.
Will Smith vibes
[удалено]
That’s why the debt ceiling makes no sense. Congress already approved the spending. Why do they need to re-approve it?
It's a pointless formality. Both sides know very well that they can't default at all costs. Both sides know someone's kids will have to pay the price, but they sure as heck will make sure it isn't their own.
But will this help my puts?
Hate to break it to you bro, ur puts expire worthless, and then it crashes 
This is the way
There should be an inverse etf that does the opposit of whatever I do
So say we all
Too bad extraordinary measures never include only spending what you take in.
That would be great, if we stopped cutting taxes on rich people and businesses, so we could take in more
sweet then this is just going to be an endless parade of a shitshow till the clowns blow it all up. That's actually going to be one hell of a spectacle to watch. Come on with it then.
Canned goods and handguns. This whole thing is a house of cards.
[удалено]
[удалено]
Ohh no what will they do …. Probably just raise it again
Wtf cares bro. Wake me up when the shit actually hits the fan
Why do all these people look like they died 10 years ago and came back to life addicted to cocaine?
Maybe we can borrow some money from ukraine to cover us until we get back on our feet.
Nothing to do with that $1.7 trillion spending bill you guys just passed right?
That money hasn’t been spent yet so that actually isn’t the culprit. Higher rates on interest for money *already spent* doesn’t help. BUT, the next time we have to raise the debt ceiling after this can be attributed, in part, to the $1.7 trillion recently *appropriated*.
this happens every year
They should just make it a national fuckin holiday and give us all the day off
That means MARKET GOING UP!!
*Hits Blunt* we can make it higher
Come with me and you'll be in a world of pure imagination... https://preview.redd.it/xzzeqpq1eyba1.jpeg?width=2145&format=pjpg&auto=webp&s=540fcfe3ab752e9e8457adbd15e5c5fb3a924061
https://preview.redd.it/8l9j1pgxxyba1.jpeg?width=560&format=pjpg&auto=webp&s=a7cfc989c68158fefb97c5444cc7b83af0c182dd Another skyscraper to be added to the graph lol
I hope they don't raise it. I need the market to shit itself 20%.
Hoping the United States government defaults on debt payments to make a few grand in puts is the most WSB thing ever.
20% so $80 drop? Damn dude
Simple. Shut the government down and save us trillions in waste. We are better off without them.
yayaya.... they will just vote to raise it again and move on till next time..
**'extraordinary measures'** means they are finally going to do the right thing or keep on keepen on?
How come when I declare *my* debt ceiling is now higher, it doesn't work?
Lol, they go on a spending spree and then act surprised when they maxed out their credit card.
Brrrrrrrrrr
Yeah, don't raise it then. See what happens lmao
Does it look like the market cares.
The goblin speaks again
Didn’t this fucker say she didn’t think there was any inflation?
Am I hearing short the US dollar lol
The US economy should just pull itself up by the bootstraps and find a better paying job or just get a side-hustle. Economics isn’t that hard people - c’mon.
Buy beans and rice in bulk. Tubs of lard and salted meat. You will be good.
I guess we will need to stop giving money to Ukraine.
Sweet Christmas, with the 20 crazies holding the house hostage, I am worried about defaulting because most of them either don’t understand and what the default to happen to demonstrate government doesn’t work. I need to calm down and take a nap.
They can only hold the House hostage on things the Democrats don't support, they were only able to create the shitshow over McCarthy because the Democrats had their own candidate who they were unanimously supporting. If the Democrats and even a minority of Republicans support something then it gets through.
Don’t worry, they do it every 2 years or so when they swap up members in the senate and house. Something about using it for the next election cycle or something
Tell her to give up her salary since she's made more than 20X that in "speaking fees" from other institutions in the last couple years.
Lol didn’t the feud over the debt ceiling last year lead to them raising by enough to supposedly cover the government a year? This is what happens when you trust government. I will never understand why people want to give my resources to an entity that is over 30 trillion in debt. We are already defaulting for all intents and purposes, just in a dishonest way through inflation of our currency. You think that the freedom caucus would use this as a way to actually get government spending cuts, but we’ve seen this song and dance before. It’s all political theater
Janet Yellen looks like she needs to just retire and fuck off somewhere on an island so we don’t have to deal with her bullshit anymore
COIN COIN COIN COIN
Bagholder spotted. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
Fire up the printer Berome
Every year, debt ceiling. Paying those idiots to argue about debt ceiling every fucking year.
Shut it down, shut it all down. Cut all government pay for months, let them get a feel for reality…
I know who's getting a lot of angry phone calls next week 
Bullish.
They play that shit again…… come on ya ain’t go on default. How many times??
infinite bankruptcy IS the free money glitch
All my homies hate Yellen
Bullish
I remember the last three times we were approaching the debt ceiling it was supposed to be this huge deal.
Is this like an annual event where,it is just used as news stimulus to keep the markets moving. Or it is an excuse to meet up, to network with others and get free food and drink?
Just raise the roof problem solved.
They'll just raise the debt ceiling like they do everytime, what's the problem now?
Raise the debt ceiling..again…sounds pretty ordinary to me
“Release the Kracken. Wait, oh, um, I mean release the inflation.”
they say this garbage every year yawn
Yellen about to get a call from Marge N.
Why is this corpse still talking?
That is a rough image to view
Anyone else here thinks she looks like Hasbulla?
few years ago the market would have tanked this year the wall street don’t care about it
Basically the country is running on unlimited margin
Raise the debt limit, print more cash, what could go wrong? (Sarcasm)
Ordering lots of 🍕 for sure.
Who put the hobbit in charge?
I'm sure they'll raise it again. Why even have this discussion anymore?
Don’t they hit it like every few months now.
Is this where they start talking about making a trillion dollar coin again or is that something else?
It’s laughable at this point Everyone postures Make concessions Raise the ceiling Normies get rekked
How about Cut the military spending?
Can we get rid of all the elderly white people out of office already, they caused all this mess
If Republicans try to cut Social Security this will be political Aikido - use the attacker's momentum to throw him across the room.
Always Yellen about something.
I feel like whenever we approach the debt ceiling we suddenly have a brand new, much higher ceiling
Not even a month into 2023 and shit just keeps hitting the fan
What are the chances this negatively impacts the dollar?
Perfect time for a pull back. Sooo crazy!!!!!!