Sunday, August 20, 2017

"Washington Fiddles While a Debt Ceiling Crisis Looms": video consists mostly of charts -- but Sept. 29, 2017 can be doomsday

Washington Fiddles While a Debt-Ceiling Crisis Looms”, posted by Manec074 in mid-July 2017, warns about the current looming deadline on Congress’s raising the debt ceiling, by Friday, September 29, 2017.

To say the least, the Trump Administration is completely distracted.  Steve Mnuchin, the current Treasury secretary, has been pressured to resign by his Yale crowd over Trump’s recent insensitivity on race.  Mnuchin has argued that Congress should get this done without a partisan poltical fight or bickering.
There is another rambling video by Alice Lake that goes into this, but tangentially.  Interesting here is the discussion of housing costs in San Francisco, where workers pay $1900 a month to live in communal bunk-bed housing, almost like in China.  

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