Yellen: US will hit debt ceiling in mid- or late-January

yahoo.com

21 points·_IIIIIIIIIII_··7 comments

bullshit. it will be expanded.

Please DOGE, do to US's federal spending what milei did to the Argentina government. Argentina's inflation now is at a four year low.

I think you are mistaken about the purpose of DOGE. The one thing they've actually tried is to get the debt ceiling eliminated so the government can run unlimited borrowing. Which would be used to fund tax cuts for the people running DOGE and anyone lucky enough to also be in those tax brackets.

It's funny that the waterboy is always a very important member of the team anytime water needs to be carried. But when they win the championship, he is not allowed to touch the trophy.

The purpose of DOGE is just to constantly keep Elon Musk in the news to satisfy his narcissism

Got a citation for that claim? Because from what I see it's still enormously higher than it was 4 years ago: https://tradingeconomics.com/argentina/inflation-cpi (166% annual rate in Nov 2024, compare with 35.8% annual rate in Nov 2020).

Those are annual (over-the-prior-year) numbers, not monthly ones. When there is a rapid swing like this it makes more sense to look at monthly inflation (a much better approximation of the rate right now), which is at the lowest it's been in four years.

The relevant graph is here: https://tradingeconomics.com/argentina/inflation-rate-mom

Time will tell if the economic shock actually works in Argentina and all the suffering it has caused and is causing was not for nothing. It didn't really work for Chile.

Argentina NEEDED a shock. The US can and should take a more delicate approach. Though iirc Elon has said that Americans will face hardship and they need to be OK with that. Nice sentiment from the world's richest man.

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