Posted at Hartmann Report on Jan. 16, 2023
House Republicans are Playing with Fire with Our Economy
Anybody who thinks cooler heads will prevail like they did in 2011 doesn’t know these Republicans. Buckle up - we’re in for a wild ride that could spell worldwide disaster.
The United States is hitting our self-imposed debt ceiling this Thursday.
Outside of Treasury Secretary Janet Yellen, it doesn’t seem that anybody in Washington or our national media is taking seriously the House Republican threat to crash our economy if Democrats don’t agree to gut aid to higher education, the EPA, Social Security, Medicare, and Medicaid.
But the situation is worse than most people realize. McCarthy’s goons really intend to follow through on their threat to cripple America if Democrats won’t go along with cutting entitlements for average working people and regulatory agencies.
And the consequence, if history is any guide, could well be a worldwide depression that might even throws us into World War III.