The Wrap Up: Will the Debt Ceiling Be Raised?
Market Mondays
EYL Network
5.0 • 4.1K Ratings
🗓️ 7 June 2023
⏱️ 5 minutes
🧾️ Download transcript
Summary
In this clip we discuss the debt ceiling and can the country afford to NOT pay our deb
t. Will this effect the stock market?
#earnyourleisure #debt
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Transcript
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| 0:00.0 | Dead ceiling. Well, the debt ceiling, the settled by June 1st will |
| 0:05.6 | be raised. And what is it and hit the like button and share by |
| 0:10.3 | the way, let's get this bad boy up to 5,000 viewers in here by |
| 0:16.4 | you hitting the like button. |
| 0:18.6 | If not, we can go back to you and not be live. |
| 0:21.6 | That greatly. Yeah, you always want. Yeah, exactly. |
| 0:24.9 | Everybody always wants to live recording. So this is live. |
| 0:30.1 | How about the AB, the next 16 weeks, can we go pre-record it? |
| 0:33.6 | I want to get to like 6,000 likes put on the calendar. |
| 0:36.8 | At least at least. So that ceiling crisis, what's the deal? |
| 0:42.5 | Hopefully that I think it's a lot of post ran between the |
| 0:45.4 | Democrats or Republicans. We are spending too much money. |
| 0:49.2 | That's why I brought up last week about our debt to GDP ratio, |
| 0:53.0 | being at 150, maybe in six or seven years going to 200%. |
| 0:57.9 | We're spending too much money. |
| 0:59.9 | Does funds from COVID that we have not released or spent yet? |
| 1:04.4 | Usually these things kind of happen at the last minute, |
| 1:07.2 | but it felt like the last time this happened, there wasn't as much |
| 1:09.7 | tension between the both parties on both sides of the aisle. |
| 1:15.0 | I think something will get done. I think the deadline, though, to have |
| 1:17.8 | something on Biden's desk is Friday for it to be able to be passed |
| 1:22.5 | by June 1st. I know there were talks earlier. |
... |
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