Subj : Re: Durham Report explain
To   : ALAN IANSON
From : Mike Powell
Date : Thu May 25 2023 17:47:00

> >> The failure of congress to raise the debt ceiling and pay the debt is
oing
> >> to be much harder on the economy.

> > That we might do worse in the future still does not mean we are doing well
> > *now*.

> The US economy is not doing badly under Biden.

> You have the same challenges as always but the economy is not doing badly.

> If congress fails to increase the debt ceiling that will tank the economy.

Highest rate of companies going bankrupt since the 2008 Recession is not
"not doing badly," nor is it "same challenges as always."  It is an
indicator that we might be in another recession, or heading for one.

I see you cut my mention of said bankrupcy rate out of your qoutes above.

If congress fails to increase the debt ceiling, my first question will be
why was the Biden administration giving tons of money to a foreign country,
and why, in the middle of this debt ceiling crisis, did the administration
also give them planes?

If we are so bad in debt that we have to increase the ceiling (again!),
where does all the free money and planes for Ukraine come from?

Meanwhile, El Salvador's VP has come forward with a plan he says will fix
problems in both of our countries that lead to illegal immigration into
ours.  Our VP, and Biden appointed Border Czar, has ignored him, presumably
because his plan would cost money.


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