Tuesday, August 16, 2022 12:25:13 PM
What happens when a bankrupt corporation is absorbed by the surviving corporation in a merger? There is generally a reverse merger then forward split once completion is approved
32 trillion - 1.4 trillion = 30.6 trillion
It takes 600 billion per month to run the government. 1.4 trillion / 600 billion = 2 months 10 days
August 16th + 2 months 10 days = Oct 26th
without reconciliation and or shutdowns Oct 1 the budget will add 1.8 trillion to the deficit. Ceiling is 32 trillion. That means Oct 1 - 26 days = 5 September without reconciliation the DC Corp is broke. Add the Inflation reduction Act of 700 billion / 16.5 billion per day = 42 days. September 5th + 42 days = Oct 17th, 2022 the bank is empty if they barrow from Peter to pay Paul. If not September 5th +/- 10 days .
I'm a Crazy Scots-Irishman Blue Blood... It's probably not a good idea to listen to me...every thing I say is of my opinion. I'm not a good place to get investment advise...
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