March 15 will be an important day.

[The Wonkette]

(03-15-2017, 03:47 PM)Kinser79 Wrote:

(03-15-2017, 03:38 PM)Galen Wrote:

(03-15-2017, 12:48 PM)The Wonkette Wrote:

(03-14-2017, 03:12 PM)SomeGuy Wrote: I dunno, we have run into debt ceilings before.  Let's hold off and see what actually happens, first.

The Government will take "extraordinary steps" to keep everything running until early summer, when those tricks won't work anymore.  As SomeGuy has said, we've done this song and dance.  

April 18 will be when things start to get interesting, because the Government's Continuing Resolution expires.  So Congress will have to figure out at what level to fund the Government prior to that; otherwise, it is 2013 all over again (Government shutdown) until they get some kind of spending bill out.  Once they figure that out, they'll also have to decide whether or not to raise the debt ceiling this summer.

Your analysis assumes that Trump will behave as everyone else has.  Trump has a habit of doing the unexpected and that seems unlikely to change.

I've found with Trump when everyone else zigs he zags.  Personally I think the major show down will be on Ryancare if it ever gets out of committee.

Well, its business as usual. I just received this letter today.

Quote:As has happened many times before, the Treasury Department will prevent the United States from defaulting on its obligations by suspending certain obligations that would count against the debt limit. Secretary Mnuchin indicated that “extraordinary measures” would be taken until Congress raises the debt limit, and that these measures could continue until around August or September.

You will recall that one of the measures is to use funds that are dedicated to the Civil Service Disability and Retirement Fund and the G Fund of the Thrift Savings Plan. Every time in the past, once the debt limit was increased, these Funds were made whole, as required by law. Federal employees and retirees and their income were unaffected by these actions in the past, and we expect that to be the case this time. Secretary Mnuchin has asked Congress to raise the debt limit “at the first opportunity.”

As I said earlier, the fun begins next month.