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captain queeg

(10,303 posts)
Fri May 12, 2023, 03:38 PM May 2023

Is there a drop dead date for the resolution of the "debt limit"?

I think it’s somewhat hard to nail down the exact date, but what is the current estimate?

They’ve always managed to keep paying social security but I can’t help feel a bit concerned

9 replies = new reply since forum marked as read
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Is there a drop dead date for the resolution of the "debt limit"? (Original Post) captain queeg May 2023 OP
I think the estimate is that bad things start June 1 MissB May 2023 #1
Yellen on CNBC : Default by 5-28. That's the last I saw. 634-5789 May 2023 #2
Depends on how fast the IRS processes refunds Effete Snob May 2023 #3
Idea - hold off on IRS refunds and blame Republicans tinrobot May 2023 #5
That's going to happen anyway Effete Snob May 2023 #7
I share your concern .... anciano May 2023 #4
Won't the anticipation roil The Market no_hypocrisy May 2023 #6
I think it's when the economy crashes, we all starve, and drop dead. Girard442 May 2023 #8
It depends upon how much revenue comes in. I read today if Tomconroy May 2023 #9
 

Effete Snob

(8,387 posts)
3. Depends on how fast the IRS processes refunds
Fri May 12, 2023, 03:46 PM
May 2023

Fun fact - a huge amount of money going out right now is tax refunds.

I believe they have managed to fill some of the employee shortages they had, and are moving a little faster than expected this year.
 

Effete Snob

(8,387 posts)
7. That's going to happen anyway
Fri May 12, 2023, 04:16 PM
May 2023

I was in way before the deadline and haven't got mine yet.

I believe it is likely a lot IRS refunds will be delayed if the shit hits the fan.
 

Tomconroy

(7,611 posts)
9. It depends upon how much revenue comes in. I read today if
Fri May 12, 2023, 04:48 PM
May 2023

there is enough to make it through June 15th when quarterly taxes come in then we should be good into August.

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