March 15,2017 is in 13 days. We have had an unlimited debt ceiling since 2015 due to Boehner/ Obama deal .. but the deal also declared that on that date hard debt ceiling of 20 Trillion dollars will be imposed.
http://www.zerohedge.com/news/2017-02-26/stockman-after-march-15-everything-will-grind-halt
http://www.usdebtclock.org/
When that debt clock hit's 20 Trillion the government cannot spend a single penny more than what comes in thru taxes . not military or government pay, not social security, not for fuel for the navy or air force or ammo, no tax cuts , without legislation to raise the debt ceiling. there is a small cushion... pay out will be prioritized, and tax revenue will be coming in.. tax refunds may be delayed.
They estimate they will completely run out between midsummer and sept ... there will be no funds for repeal and replace, Medicare, infrastructure , the wall, deportation, holding Federal prisoners in jail or their guards paychecks or their court cases or military expansion
a possible alternative Trump has proposed is defaulting on the debt, under a variety of alternative names
http://www.politifact.com/truth-o-m...-look-donald-trumps-comments-about-refinanci/
http://www.npr.org/2016/05/09/47735...deas-for-handling-the-national-debt-explained
just saying, either way crashing the stock and bond market will be among the lesser consequences .. a total freeze on borrowing .. even short term to make payroll, could be part of the consequences and adjustable interest rates , which includes most credit cards and some car loans will reset higher .
might want to take appropriate action if you can .. I have been positioning myself for this for over a year now..
good luck
http://www.zerohedge.com/news/2017-02-26/stockman-after-march-15-everything-will-grind-halt
http://www.usdebtclock.org/
When that debt clock hit's 20 Trillion the government cannot spend a single penny more than what comes in thru taxes . not military or government pay, not social security, not for fuel for the navy or air force or ammo, no tax cuts , without legislation to raise the debt ceiling. there is a small cushion... pay out will be prioritized, and tax revenue will be coming in.. tax refunds may be delayed.
They estimate they will completely run out between midsummer and sept ... there will be no funds for repeal and replace, Medicare, infrastructure , the wall, deportation, holding Federal prisoners in jail or their guards paychecks or their court cases or military expansion
a possible alternative Trump has proposed is defaulting on the debt, under a variety of alternative names
http://www.politifact.com/truth-o-m...-look-donald-trumps-comments-about-refinanci/
http://www.npr.org/2016/05/09/47735...deas-for-handling-the-national-debt-explained
just saying, either way crashing the stock and bond market will be among the lesser consequences .. a total freeze on borrowing .. even short term to make payroll, could be part of the consequences and adjustable interest rates , which includes most credit cards and some car loans will reset higher .
might want to take appropriate action if you can .. I have been positioning myself for this for over a year now..
good luck