Ep. 60 - Breaking Through the Debt Ceiling

America is facing dire consequences if we can’t pass our debt ceiling. What will it take? In this milestone 60th episode, I dive into the current debt ceiling crisis and shed some light on what the news is not saying. We’ll explore what the current administration is doing (and is not doing) and why bills will go unpaid if neither party agrees to compromise. Learn more about the plan to save 3.2 trillion over 10 years and why its main challenges may keep it from happening. Plus, get some suggestions on reducing the 2024 fiscal budget as a manageable solution to find progress. 

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[00:01 - 04:45] Exploring the unprecedented consequences of reaching the US Debt Ceiling on June 1st

[04:46 - 08:49] Stalemate over the debt ceiling—neither side is seeing eye-to-eye

[08:50 - 17:57] Striking a deal? How compromise is needed to reach an agreement on current issues

Quotes:

"The 14th Amendment says the full faith and credit of the United States of government debt can't be questioned… The president knows that, and that’s why they’re in a stalemate." - Quinton Harris

“We live in an environment now where the two sides can’t see eye-to-eye for the greater good of what needs to be done.” - Quinton Harris

“Compromise is what has made politics work for a very long time—that extending the arm across the aisle… that effectively seems to be broken right now.” - Quinton Harris

"Let's focus on the 2024 fiscal budget. Focus on the year at hand that's coming up, not the additional 9 years in 2025 all the way through 2034 like that. That doesn't really mean anything in this scenario." - Quinton Harris

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