AP: Biden, congressional leaders likely to meet Tuesday for talks on raising the debt limit
Official USA debt continues to rise.
The latest published figure from the US Treasury (which was as of Thursday) which I accessed about an hour ago was $31,459,051,720,110.08 https://fiscaldata.treasury.gov/datasets/debt-to-the-penny/debt-to-the-penny
The USA officially hit its debt ceiling in January (see CNN: US hits debt ceiling, prompting Treasury to take extraordinary measures. FT: The Fed will have to accept the $1tn platinum coin), but has been taking “extraordinary measures” to get around it that are expected to run out next month.
The Associated Press reported the following:
Biden, congressional leaders likely to meet Tuesday for talks on raising the debt limit
May 15, 2023
REHOBOTH BEACH, Del. (AP) — President Joe Biden and congressional leaders will likely resume talks on Tuesday at the White House over the debt limit, the president said Sunday, as the nation continues to edge closer to its legal borrowing authority with no agreement in sight.
The meeting was initially supposed to be Friday, but was abruptly postponed so staff-level talks could continue before Biden and the four congressional leaders huddled for a second time. …
“I remain optimistic because I’m a congenital optimist,” Biden told reporters while out for a bike ride in Rehoboth Beach, Delaware. “But I really think there’s a desire on their part as well as ours to reach an agreement. I think we’ll be able to do it.”
Aides said talks had continued throughout the weekend. But at least publicly, there was little indication that either the White House or House Republicans had budged from their initial positions. Biden has called on lawmakers to lift the debt limit without preconditions, warning that the nation’s borrowing authority should not be used to impose deep spending cuts and other conservative policy demands. https://www.aol.com/news/biden-congressional-leaders-likely-meet-055302128.html
While multiple millions do depend on a lot of government programs, they also are subject to real problems with the debt being raised.
There have been various proposals as to what to do if the Biden Administration and the Republicans will not agree soon. These ideas have included revaluing the nation’s gold to buy more time, to pretend to pay the debt down by making $1 trillion platinum coins (which only would contain about $1 thousand each of platinum), and to taking an unusual step some hope is authorized by the 14th amendment of the US Constitution. Here is something about that last option:
Senate Democrats are urging President Biden to use the 14th Amendment to raise the debt ceiling, arguing it is in his constitutional authority to take the unilateral step to prevent a GOP-driven default.
They say Biden should not agree to GOP demands for major concessions on spending cuts to raise the debt ceiling, and that he should extend the nation’s borrowing authority by taking a step no previous president has done. …
Republicans in the House and Senate have warned against using the 14th Amendment, saying Biden does not have this power and warning of challenges in the courts.
Biden himself has raised the possibility, indicating he’d consider the move but not without pause.
“I have been considering the 14th Amendment,” Biden told reporters Tuesday after meeting with congressional leaders at the White House and making little progress on the debt-limit stalemate.
“There would clearly be litigation around that; it’s not a short-run solution,” she said at a news conference in Japan, adding it would be “legally questionable.”
The 14th Amendment, passed by the Senate in 1866 shortly after the end of the Civil War, states “the validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.” …
Biden on Tuesday offered caution when it comes to the 14th Amendment talk, saying “the problem is it would have to be litigated” and warning that “in the meantime, without an extension, it would still end up in the same place,” suggesting that a default still might result if a court stayed his action.
Attempting to use the 14th amendment now, even if the US Supreme Court would allow it, will only result in increased debt.
Irrespective of the political arguments, the plan looks to be to keep increasing the debt. The national leadership of the USA has repeatedly kicked the problem of debt down the road as opposed to truly dealing with it.
No serious plan to actually reduce the debt is in the works, that currently stands a chance to be implemented. The USA never intends to actually pay back all its debt in any fair way.
The rate of increase of the official federal debt has been staggering.
Consider the following:
On Jan. 20, 2009, when Obama was inaugurated, the total debt of the federal government was $10,626,877,048,913.08, according to data published by the U.S. Treasury. 10/07/16 http://www.cnsnews.com/news/article/terence-p-jeffrey/debt-under-obama-9000000000000
So, in a little over 14 years after the Obama-Biden Administration first took office, official USA debt has almost tripled!
On January. 20, 2021, when Joe Biden was inaugurated, the total debt of the federal government was $27,751,896,236,414.77, according to data published by the U.S. Treasury.
Debt has increased at a rate of about US$2 trillion per year under the Biden-Harris Administration–and yes, debt also increased a lot under the Trump-Pence Administration.
Let me also add that in 2013, something called sequestration was supposed to stop the debt limit from being raised. The purpose of sequestration was to reduce the increase of the projected spending deficits for the US government. The cuts were supposed to be so painful that both Republicans and Democrats would simply have to come up with a better debt reduction plan–but as history shows, sequestration ended up not working politically and was abandoned.
Do not think that having Republicans control the US House of Representatives means that the USA plans to greatly pay down its ever increasing debt.
Increasing debt in the Biden-Harris Administration was discussed in my book Biden-Harris: Prophecies and Destruction as follows:
Debt is a prophesied problem (cf. Habakkuk 2:6-8). But many in the media as well as politically-inclined economists do not see it that way—but that is too short sighted (cf. Ecclesiastes 8:11).
The time will come when the U.S.A. government will no longer be able to borrow at low interest rates and/or it will create more money electronically and/or via the printing press to try to continue.
Make no mistake about it — massive inflation is coming.
The U.S.A. dollar will ultimately crash and be worthless. That “pride” of American power will be broken (cf. Leviticus 26:19).
A Biden-Harris Administration has asserted it will take debt raising steps. …
Let us also consider that there is a prophecy in Habakkuk, written about 2600 years ago, about debt which is preceded by the following:
2 Then the Lord answered me and said:
Write the vision And make it plain on tablets, That he may run who reads it. (Habakkuk 2:2)
The Bible says that the ‘debt prophecy’ to be revealed later in Habakkuk 2 is so significant that those who read it should run—essentially that they should take steps because the results will be horrific. Joe Biden and many other American politicians have not run away from increasing U.S.A. debt—that will be to the nation’s peril.
The Bible warns about something that will happen to a heavily indebted nation. Notice what the Hebrew seer Habakkuk wrote over 2,600 years ago:
3 For the vision is yet for an appointed time; But at the end it will speak, and it will not lie. Though it tarries, wait for it; Because it will surely come, It will not tarry … 5 Indeed, because he transgresses by wine, He is a proud man … 6 “Will not all these take up a proverb against him, And a taunting riddle against him, and say, ‘Woe to him who increases What is not his—how long? And to him who loads himself with many pledges’? 7 Will not your creditors rise up suddenly? Will they not awaken who oppress you? And you will become their booty. 8 Because you have plundered many nations, All the remnant of the people shall plunder you… (Habakkuk 2:2-3,6–8). …
Notice that what is to happen is so bad, that people who read the prophecy should run, when it is time for it to be fulfilled. Since that prophecy is to be fulfilled at the appointed time of the end, it is still for the future, but perhaps not too far distant in the future. No nation has ever been in as much total debt as the U.S.A. …
European leaders have been working for years to establish a new reserve currency for the world, partially with the intent to remove the U.S. dollar from its position as the world’s primary reserve currency. …
The Bible clearly warns against cheapening the money supply and encourages having money hold its value (Proverbs 25:4 Isaiah 1:25, Ezekiel 22:18-22). Yet policies enacted under the Obama and Trump Administrations, following certain other administrations, have ignored these warnings.
No nation in the history of humankind has ever accumulated as much debt as the United States of America (because the U.K. may have close to the highest amount of per capita debt {Conway E. Britain showing signs of heading towards 1930s-style depression, says Bank. Telegraph, March 16, 2009 },its fate would be similar). Destruction is coming.
However, the relationship between debt accumulation and prophesied destruction remains unapparent to many. Because there is a time lag, many ignore that there will be real consequences (cf. Ecclesiastes 8:11; Habakkuk 2:3,6-8). Yet, these increases of debt are utterly dangerous.
When the time comes that the Federal Reserve is no longer able to keep interest rates artificially low, the U.S.A. will continue past the point of no return. That will become one of the final factors that will cause creditors to rise up and destroy the U.S.A. (Thiel B. Biden-Harris: Prophecies and Destruction. Nazarene Books, 2021)
We have already seen the Biden-Harris Administration increase official USA government debt. We have already seen the Fed begin to increase interest rates. Habakkuk 2:6-8 shows that this will be even worse than an economic-only disaster.
Raised interest rates and raised debt also increases the debt for the future. The USA is in a bad way because of its political moves which often increase debt.
It looks like almost no matter what happens this week, the official debt of the US will increase.
The USA is addicted to debt.
Its lusts for debt brought the following scripture to mind:
15 The leech has two daughters —
Give and Give!There are three things that are never satisfied,
Four never say, “Enough!”: (Proverbs 30:15)
The USA has acted like an international leech.
Its leaders never have enough, so they continually take advantage of the USA dollar’s position as the world primary reserve currency and feel that they can get away with increasing debt without consequence.
That is wrong.
The USA also has no intention in ever properly paying its debts back.
That is wicked:
21 The wicked borrows and does not repay, But the righteous shows mercy and gives. (Psalms 37:21)
Since the moral direction of the USA is going in the wrong direction, it is understandable that debt will increase. This is leading to a real disaster in the future. The USA also cannot expect to lead the world economically for that long if it is going to continue to increase its debt–that is not based on any conspiracy but economic fact as well as insight from biblical prophecy (cf. Habakkuk 2:6-8).
But no, the politicians of the USA have not listened to the Bible.
The USA still has a massive pride about its dollar. Yet, the Bible teaches:
18 Pride goes before destruction, And a haughty spirit before a fall. (Proverbs 16:18)
It is prideful arrogance that gets humans to think that they can essentially completely control the economy and just borrow and print up money. They cannot. Weather, political events, diseases, wars, morality, technology, international matters, and other factors play a role.
The Anglo-American world order will come to an end. Accumulation of debt will end up being a financial crisis beyond what most “experts” and politicians have imagined.
National repentance is needed, but is not expected. The USA and its Anglo-Saxon allies will not last to the end of this century (watch also Might the U.S.A. Be Gone by 2028?).
Some items of related interest may include:
Might the U.S.A. Be Gone by 2028? Could the USA be gone by the end of 2028 or earlier? There is a tradition attributed to the Hebrew prophet Elijah that humanity had 6,000 years to live before being replaced by God’s Kingdom. There are scriptures, writings in the Talmud, early Christian teachings that support this. Also, even certain Hindu writings support it. Here is a link to a related video: Is the USA prophesied to be destroyed by 2028? In Spanish: Seran los Estados Unidos Destruidos en el 2028?
When Will the Great Tribulation Begin? 2023, 2024, or 2025? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: Great Tribulation: 2026 or 2027? A shorter video is: Can the Great Tribulation start in 2022 or 2023? Notice also: Can Jesus return in 2023 or 2024? Here is a video in the Spanish language: Es El 2021 el año de La Gran Tribulación o el Grande Reseteo Financiero.
Is a Great Reset Coming? Klaus Schwab of the World Economic Forum has proposed a societal change that has been basically endorsed by the Vatican and many world leaders. Does the Bible prophesy a major reset? Here is a link to a related video: Will there be a “Great Reset”?
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Is God Calling You? This booklet discusses topics including calling, election, and selection. If God is calling you, how will you respond? Here is are links to related sermons: Christian Election: Is God Calling YOU? and Predestination and Your Selection. A short animation is also available: Is God Calling You?
Christian Repentance Do you know what repentance is? Is it really necessary for salvation? Two related sermons about this are also available: Real Repentance and Real Christian Repentance.
Biden-Harris: Prophecies and Destruction Can the USA survive two full presidential terms? In what ways are Joe Biden and Kamala Harris apocalyptic? This book has hundreds of prophecies and scriptures to provide details. A Kindle version is also available and you do not need an actual Kindle device to read it. Why? Amazon will allow you to download it to almost any device: Please click HERE to download one of Amazon s Free Reader Apps. After you go to your free Kindle reader app (or if you already have one or a Kindle), you can go to: Biden-Harris: Prophecies and Destruction (Kindle) to get the book in seconds.
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