Frank26: Here’s some interesting stuff from Eddie today…
TV saying news that the main objective of the 2022 budget is to pay all debt inside and outside of Iraq pay all debt off then Saying the budget is still not complete and is being worked on and then they are talking about the 400 billion going to the farmers payments is coming any day now finance guy speaking on the farmers payments…..
Then something interesting happened…
Family do you remember two months ago the United Nations criticizing Iraq for humanitarian reasons which was a bunch of lies. Then do you remember last week the United Nations coming out and saying that Iraq is about to become a leader in the Middle East….
Well it turns out that everybody knows what Iraq was about to do…. the problem is nobody knows when they are going to do it…
Frank26: But besides the United Nations we now have an American news network that is also trying to tell the rest of the world what everyone knows already….
Now watch this from Eddie about an hour later this came in…
News saying president Saleh on interview with CNN talking about how Iraq will be a stable force with full sovereignty in the Arab world saying with construction, new infrastructure Iraq will rebound as leader in region then CBI offering two new financial bonds today for investment….
To which I told Eddie: Everybody knows what Iraq is about to do and when the United Nations bragged about Iraq being a leader in the Middle East last week it’s very encouraging now to see an American news outlet like CNN interviewing Saleh and saying that Iraq is about to become a leader in the middle east… saying that Iraq is a full sovereign country now well isn’t that amazing that everybody knows what we have been sharing since the beginning of this year……
Eddie is sending the link Eddie says it’s CNN American TV we should see it.
Spokesman for Kazami on tv talking about exchange rate and saying it must take time due to economic conditions and stability talked about the previous rate and it even referred to 2006 and 2008 but was saying it take time…..
Eddie He is correct it does take time and it was called the RV the re-calculations of the exchange rate and that was done a long time ago and that’s why they talk to you instead about the new exchange rate and the new currency that is soon to come out…
That’s all for now family but I want to ask you a question because what I will share with you in the next two days will be better understood with the following…….Iraq and the United States of America share the same financial fiscal year …………… therefore they share the same financial position….. God bless you all and stay in constant prayer because Holy Father loves to hear from us…..FRANK26
VIDEO FROM FRANK OF THE INTERVIEW: https://youtu.be/31DpXQIsXr8?t=1
Frank26: THE UNITED STATES OF AMERICA & IRAQ ARE MIRROR IMAGES IN THEIR FINANCIAL CRISES. WHAT WE MEAN BY THAT IS, THAT IRAQ IS ON A FISCAL CALENDAR AND IT WOULD BEHOOVE THEM TO RELEASE THE NEW EXCHANGE RATE AND NSCN’S (new small currency notes) BY THE 30TH OF SEPTEMBER BECAUSE THAT IS THE END OF THE FISCAL YEAR OR THEY WILL DAMAGE THEIR REFORMS IF THEY DO NOT.
WITH THAT SAID….. I FIND IT INTERESTING THAT THIS COINCIDENCE IS SO CONVINCING AND TELLING CONSIDERING THE DEBT CEILING OF THE UNITED STATES OF AMERICA THAT MUST BE RAISED BY THE SAME 30TH OF SEPTEMBER BECAUSE BOTH IRAQ AND THE UNITED STATES OF AMERICA ON OCTOBER 1ST WILL NEED FINANCIAL POWER THAT ONLY THEIR CONSITUTION CAN PRODUCE………..FRANK26
Frank26: WHY DID I SHARE TODAY ABOUT THE FINANCIAL CALENDARS OF IRAQ AND USA? ……BECAUSE THE GOP JUST BLOCKED THE DEBT LIMIT HIKE ON GOVERNMENT FUNDING ……………………. LOL ….. HEY biden ……………….GOD’S WATCHING YOU …………….. SMILE…..F26
GOP blocks debt limit hike, government funding
BY JORDAIN CARNEY – 09/27/21 06:38 PM EDT
Senate Republicans on Monday evening blocked a measure to fund the government and suspend the debt ceiling, carrying through on their threat to not deliver votes for a Democratic measure to raise the government’s borrowing limit.
The vote tally was 48-50. Sixty votes were needed to advance the measure.
No Republicans voted for the legislation.
The setback is the latest in a slow-motion brawl over how to fund the government and deal with the debt ceiling, which kicked back in on Aug. 1 with the Treasury Department using “extraordinary measures” since then to keep the government solvent.
Congress has until the end of Thursday to pass a government funding bill to avoid a shutdown the following day. The deadline for needing to deal with the country’s borrowing limit is less definite. Treasury Secretary Janet Yellen warned congressional leadership they might need to take action as soon as next month.
Democratic leaders haven’t unveiled what their next step will be, but they are vowing to prevent a shutdown on their watch. In order to deliver on that promise, they’ll need Republican cooperation to speed up a government funding bill.
Senate Majority Leader Charles Schumer (D-N.Y.) initially voted to start debate but switched his vote — a procedural move that allows him to easily bring the measure back up for consideration.
“I changed my vote from yes to no in order to reserve the option of additional action on the House-passed legislation. Keeping the government open and preventing a default is vital to our country’s future and we’ll be taking further action to prevent this from happening this week,” Schumer said.
If they punt the debt fight for now, they have options on funding the government, either sticking with the Dec. 3 end date or going with a bill to try to line it up with the potential “x” date in the coming weeks when Congress will have to address the debt ceiling.
“Well, I don’t want to shut down the government,” said Sen. Dick Durbin (D-Ill.), while noting Schumer has the final say on strategy.
A spokesman for Speaker Nancy Pelosi (D-Calif.) didn’t respond to a request for comment, but Pelosi told reporters late last week that “we will keep our government open by Sept. 30, which is our date, and continue the conversation about the debt ceiling, but not for long.”
Republicans have warned for months, including just hours before Monday’s vote, that they won’t help Democrats raise or suspend the debt ceiling. Democrats voted with Republicans during the Trump administration to suspend the debt ceiling as part of larger funding packages.
“For more than two months now Senate Republicans have been completely clear about how this process will play out. So let me make it abundantly clear one more time, we will support a clean continuing resolution that will prevent a government shutdown. …We will not provide Republican votes for raising the debt ceiling,” said Senate Minority Leader Mitch McConnell (R-Ky.).
McConnell and other GOP senators tried to bring up a short-term funding bill without the debt hike but Democrats blocked the attempt.
Democrats, meanwhile, tried to ramp up pressure on Republicans, warning that by shooting down the House-passed bill they are pushing the country closer to a default. Though the United States government has never defaulted, a similar standoff in 2011 resulted in S&P stripping the United States of its longtime AAA credit rating.
Schumer called the GOP position “unhinged,” arguing that there was a choice between “preserving our full faith and credit or vote in favor of an unprecedented default.”
They are “deliberately sabotaging our country’s ability to pay the bills and likely causing the country’s first-ever default in American history,” Schumer said.
Sixty-four House Democrats, including Majority Leader Steny Hoyer (Md.), sent a letter to McConnell on Monday arguing that Republicans are risking the country’s economic recovery, after it took a massive hit last year when businesses closed during coronavirus restrictions.
“Holding the debt limit hostage … is a dangerous, illogical, and irresponsible way to express that concern,” the Democratic lawmakers wrote.
But that’s done little to move Republicans, who are trying to force Democrats to raise the debt ceiling on their own through the $3.5 trillion spending package that they can pass without any GOP support.
McConnell, speaking on the Senate floor, noted that Senate Democrats hadn’t voted for raising the debt ceiling during the George W. Bush administration when Republicans controlled both chambers and the White House.
But Democrats didn’t filibuster that debt ceiling hike, meaning Republicans were able to raise it on their own with a simple majority. GOP leadership has acknowledged that they have conservative members who are filibustering the government funding-debt bill, forcing Democrats to seek the higher target.
Republicans see a political advantage to forcing Democrats to raise the debt ceiling on their own through reconciliation: Doing so forces Democrats to raise the debt to a certain number, instead of doing a suspension through a certain date. The move would likely be fodder for campaign ads against vulnerable Democrats in the 2022 midterm elections.
Republicans also hope that adding the debt fight to the reconciliation bill will make it harder for Democrats to pass the $3.5 trillion package, where they are already facing internal pushback over both the scope and the details of the sweeping bill.
Democrats could amend the budget resolution to try to include the debt limit, though there’s no guarantee that it will line up with the spending bill. They’ve been reluctant to put that option on the table, pushing instead for a debt vote that is bipartisan.
The U.S. is on track to default on the national debt between Oct. 15 and Nov. 4 if Congress is unable to raise the federal debt ceiling, according to a forecast released Friday by the Bipartisan Policy Center.
Durbin said he expected Congress would need to act in a “matter of days” but didn’t endorse using reconciliation.
“I wouldn’t jump into any approach,” Durbin said, adding that “Schumer might have a better approach.”
Updated at 6:52 p.m.