In early September 2021, Treasury Department Secretary Janet Yellen officially warned the United States Congress that the government is on a rapid track to completely run out of money. She emphasized how they have not entered into full panic mode yet as they claim to still have enough money to last until approximately October 18, 2021. Debt in the United States has reached its peak and now that new signs are being shown that might further increase this, it can cost innocent Americans to have their hard-earned income checks delayed. “It is uncertain whether we can continue to meet all the nation’s commitments after that date (Oct. 18),” Yellen publicly announced.
As a result of Senate Republicans previously blocking a bill that would have ‘suspended a debt limit in the U.S.,’ the amount of time that we have left when referring to the remaining amount of cash that America still has can now expand in either direction. Yellen released the following statement regarding this newly denied bill: “It is important to remember that estimates regarding how long our remaining extraordinary measures and cash may last can unpredictably shift forward or backward. This uncertainty underscores the critical importance of not waiting to raise or suspend the debt limit. The full faith and credit of the United States should not be put at risk.”
This matter is to be taken very seriously as millions of hard-working Americans can be the victims of this seemingly unnecessary impending act. However, some citizens have taken to their social media accounts to turn this situation into a laughing stock, assisting the current problem that the U.S. is slowly declining in all aspects. One person posted on their Twitter account, “Give them $1200 that should be more than enough,” referring to the previously given stimulus checks that the government gave to citizens during the COVID-19 pandemic.