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Hey everyone we kevin here, my goodness, we have a lot to talk about in this one. Not only is aoc moving from tax, the rich to cut the military. We've got to talk about thousand dollar debt cards coming out in the form of stimulus for some we've got no surprise that republicans are still steadfast on, not helping democrats fund the government and raise the debt limit. We've got new numbers for biden and harris and folks the government shutdown is getting closer.

Let's get right into this, but, as usual, make sure to get yourself life insurance in as little as five minutes, you can get that via the link down below or go to medkevin.com life kevin.com live get life insurance in as little as five minutes. All right. Folks, gallup polls are out biden's approval, numbers are at a new low, 43 percent and harris is now at 49. The house is also apparently trying to put language in the house rules that would basically block republicans from being able to force inquiries into the executive branch.

Now this is less powerful than a court-ordered subpoena, but it's still pretty powerful. In fact, democrats use this frequently to push inquiries against donald trump, whether those were russian inquiries or election increase. Whatever now mccarthy says that this kevin mccarthy, that is, of course, the minority leader in the house of representatives, says hey, this is going to come back to haunt the democrats when republicans win power in 2022, which is obviously something a lot of republicans want, and donald Trump wants to see happen. This story by the way was actually first reported by cnn, which is crazy, because cnn usually heavily supports the left.

But then i realized that cnn buried the article and it's nowhere to be found on their front page, at least when i saw it, i had to find it by digging for it and when i did a search on the front page, there is no reference to This at all, but anyway that doesn't surprise me moving on remember. Yesterday we talked about house progressives killing the one trillion dollars in iron, dome funding, well, they've already reintroduced that bill. There's still some democrats who were torn about supporting this, but we'll see what happens with the one billion dollars for the iron dome. It's something that's part of our normal foreign aid.

It's something that we normally do, something that israel normally goes to expect, and this is something that is upsetting republicans even more especially, and even some democrats and there seems to be a whole lot of lack of unity in congress right now, especially amongst the democratic party. So it's a little confusing. This is kind of just like a sideshow, in addition to the craziness going on with the infrastructure package and joe biden, which we got to talk about that right after i talk about the fact that aoc says, we've got to reduce the pentagon's budget by at least 10 percent and prioritize our communities at home. Now she specifically referenced kovid as something that she wants to spend more money on by mentioning that today we can cut our defense authorization without denying service members and free up 77 billion dollars to go towards fighting coven and other priorities at home.
I wonder if all those other priorities include a cut. The military dress i'd be kind of curious to see what that would look like cut the military, but anyway, i'd also wonder if maybe asc will finally help push for financial education in schools, something that i think every progressive and every democrat and every republican. Quite frankly, everybody watching this video should be supportive of you know, get enough financial education in schools. Fortunately, we do have financial education courses linked down below with a coupon code, expiring friday, all right folks on the stimulus package.

Look and we'll talk about a thousand dollar debit card in just a moment as well on the stimulus package, joe biden knows that this three and a half trillion dollar package is really make or break for his administration. He's pushing to get this plan done and he's meeting with representatives to make sure it happens, but the thing is mcconnell is really clear. He says: look we can't default, do not default. The debt ceiling needs to be raised, but democrats, you guys got to get it done yourselves, we're not going to help so don't play russian roulette with our economy.

Now, of course, publicly democrats want to come across as winning and being entirely in control. So after pelosi and schumer's meeting with joe biden today, nancy pelosi said we're calm and everyone's good, our work's almost done implying that things are together when they're really falling apart and everything's a total cluster f. She also mentions that we are on schedule for our bipartisan infrastructure package, which also does not actually appear to be true, we're supposed to have a vote on this on monday or potentially over the weekend. I don't expect that to happen.

We'll talk more about that in a moment and uh nancy pelosi says she does not want to talk about budget reconciliation at the moment, which is, of course, the alternative for funding the government and raising the debt ceiling if they can't get uh their bipartisan bill. Complete chuck schumer says: we've made some good progress and some other folks have mentioned. We had a great meeting and we'll be talking more. So it sounds to me like a whole lot of nothing.

So far, though, if anybody's losing it kind of seems like it's democrats, i say this because the party lacks a whole lot of any kind of unity. At least 50 democrats have now vowed, in the house of representatives to vote against the bipartisan infrastructure package. On monday, democrats can only afford to lose three seats. That means the bipartisan infrastructure package that one trillion dollar package that both republicans and democrats signed in the senate might not get voted on on the 27th if it doesn't get voted on on the 27th you're gon na lose people like kirsten cinema to support the three And a half trillion dollar bill, she said: i want you to honor that 27th date, so you might lose both infrastructure packages.
It's also going to piss off republicans, who are going to have a media field day over how democrats are holding that one trillion dollar package hostage. You also had 11 liberal senators, other senators in the senate saying yeah, you know. Maybe all nancy pelosi should delay the bipartisan infrastructure vote if there's not enough support for it now. This is, of course, separate from extending the government budget and raising the debt ceiling, but it shows you really how uncoordinated things are.

It's literally like the democratic party is just like a a delicate vas that was dropped and shattered everywhere and you've got. You know some people over here going cancel student debt and cancel rent, and then you get some people over here going hey. We should have a smaller infrastructure package and yet some people over here going we're not going to raise the debt ceiling or fund the government unless we get our big three and a half trillion dollar package because they really want to have their big package and other People are like well, let's at least pass the debt uh ceiling uh. You know what changes and fund the government and then deal with the three and a half trillion dollar infrastructure package, but other people are like no, but you said you would deal with it on the twin.

It is literally a disaster. This is, of course, what's leading to people like john tester, a democrat from montana to say things. Like quote, i don't know if people are going to put their sane minds on and do what needs to be done or shut it down in reference to shutting the government down. He says this is a ridiculous exercise.

I can't even compare it to anything. I do on the farm, that's this stupid. He literally then says quote. We always do this and he actually says the word effing dance.

We've got a republican from texas, john cornyn, saying i don't think democrats want to shut down the government. You can kind of see that pr push where republicans are kind of like it's up to democrats, to pass the uh budget and raise the debt ceiling, we're just going to kind of sit back and watch, and if democrats fail it's their fault, we don't want to Shut down the government, hopefully democrats don't want to shut down the government, but we don't want to shut down the government. It is turning into a branding. Disaster for democrats certainly doesn't help that you have democrats who are trying to spit back by saying things like well.

Our hands are tied. We can't we can't do anything. We've got a house budget committee, chairperson john yarmuth, now saying that his experts have concluded that we probably don't have enough time to raise the debt ceiling through budget reconciliation, a process that could potentially take up to three weeks, which we need to get this done by The middle of october, which is about three weeks ago now, so we got some work to do, but we haven't started work on reconciliation for raising the debt ceiling or funding the government. Republicans are like nah you're good.
You can get it done quietly. Of course, democrats are probably freaking out knowing that if this is the first default ever and it's under a democratic administration, republicans know they'll have a lot of power coming to them next year in the 2022 midterms. This is a perfect political stalemate for republicans. I think republicans are eating this up, especially since you had john kennedy saying he would vote for extending the debt ceiling.

He's a republican in the senate. He's now u-turned he's like yeah just kidding, i'm not going to vote for it. Oops bernie sanders just introduced a proposal as part of the three and a half trillion dollar package by the way to issue 1 000 debit cards for seniors, so that they can pay for dental visits, hearings and vision to help individuals making less than 75 000 and Couples making under 250 000 afford these additional insurances until medicare potentially covers these benefits, but that could take years to enact overall, though the biggest problem that we have here is timing and folks, that's where we sit right now, we're literally still in limbo. Wondering is the government actually going to let our government default? If you look at republicans, the answer is yes and since democrats are like oh we're running out of time, to get anything done, it doesn't look good either.

Now i personally expect that they're going to get some kind of emergency action done it's kind of interesting to stay tuned, with all the drama that's going on, because it could affect financial markets and, as always, it's nice to know, what's happening before it happens. So we can prep anyway, folks thanks so much for watching check out the programs down below get that life insurance down below and we'll see in the next one. Thanks again.

By Stock Chat

where the coffee is hot and so is the chat

35 thoughts on “$1,000 stimulus debit cards & debt ceiling crisis”
  1. Avataaar/Circle Created with python_avatars feeling23again says:

    Who cares about the radicials. AOC has lost her mind.

  2. Avataaar/Circle Created with python_avatars The Alchemist says:

    Well the government isn't doing anything for us at this point so does anyone really care if they default?🤷

  3. Avataaar/Circle Created with python_avatars Ralph Marilyn says:

    Just do something that will earn you money while you sleep, no matter how little.
    The pandemic is a perfect eye opener to really see how life can be without the usual income stream and everyone had to sit at home, well I never felt it because of my investment in a trading company where I earn 4 figures weekly. The best one can do is to invest more and spend less

  4. Avataaar/Circle Created with python_avatars Everett Scott says:

    I’m sorry Kevin I know your a Democrat but they are seriously out of sorts and out of control I respect that your a moderate like JFK whom I really liked and respected.

  5. Avataaar/Circle Created with python_avatars Jamal Schumpert says:

    You should run off of financial education in schools. Parents will definitely push your agenda

  6. Avataaar/Circle Created with python_avatars Courtney Joy says:

    Why are we the ONLY COUNTRY STILL ARGUING ABOUT HOW MUCH STIMULUS TO GIVE THE PEOPLE??!!!!! Every other country has something in place…. For their people… EVERY MONTH !!!! D A M N !

  7. Avataaar/Circle Created with python_avatars Fight4Right says:

    Not, really the Republicans can’t get 10 voted in favor of raising the debt ceiling?
    They will Not get elected back into office!

  8. Avataaar/Circle Created with python_avatars Don Fransico303 says:

    Bernie sanders should just give up they litterly shut down everything he proposes lol

  9. Avataaar/Circle Created with python_avatars Glen d says:

    Joe Manchin is in the Coal industry do clean air is not for him… America will not be around long because of greed and division.. It is a game so enjoy

  10. Avataaar/Circle Created with python_avatars Emily D says:

    AOC is so performative that it’s not surprising she couldn’t make a definitive vote & not just voting present

  11. Avataaar/Circle Created with python_avatars FreeKekistan says:

    Why are you not wearing a mask? Are you trying to kill us through the computer?

  12. Avataaar/Circle Created with python_avatars Michael Ford says:

    They're indirectly cutting the military already with the vaccine mandate. Up to 30% will refuse the shot and be made to leave said military. Not to mention the Biden admin is now trying to push for DISHONORABLE DISCHARGE. Wow, how disgraceful

  13. Avataaar/Circle Created with python_avatars Michael Ford says:

    AOC literally CRIED when we decided bipartisanly to fund the Iron Dome. CRIED!!!! WTF?

  14. Avataaar/Circle Created with python_avatars Sophia Oliver says:

    Solid video. I think everyone should make it a priority to investing in assets (a business, stock, real estate, Crypto, side hustles) I don't hate anyone working a 9 to 5 job but financial freedom does not come from living and dieing off of one stream of income. Agree?

  15. Avataaar/Circle Created with python_avatars Roy Hebebrand says:

    Why on earth did all of those clowns wait till the time was up to accomplish shit?

  16. Avataaar/Circle Created with python_avatars C A says:

    SHIB! YOU WANT TO SEE THE POWER OF DROPPING 0'S…. look at relatively small market cap, exposure to major platforms, and hype…. I am definitely in on it!

  17. Avataaar/Circle Created with python_avatars Sullivanserves says:

    Or anybody else in or country that thinks our entire government needs to be replaced

  18. Avataaar/Circle Created with python_avatars Mary Harrison says:

    Honestly when I hear the word "stimulus" I think, "help for ALL people"! I'm so bloody tired of hearing about stimulus checks but I love Kevin's videos.

  19. Avataaar/Circle Created with python_avatars cousinBBQ says:

    Don't you wish you could slap Congress around and tell them to stop acting like children.

  20. Avataaar/Circle Created with python_avatars Lost Chord says:

    Again, if senate republicans vote against the debt ceiling raise, they are not for it.
    Again, republicans Do Not Care About You

  21. Avataaar/Circle Created with python_avatars ShadowKiller71 says:

    A military budget cut actually is a good suggestion to be honest

  22. Avataaar/Circle Created with python_avatars Aurora Paisley says:

    I recommended a professional broker to you guys sometime ago can I get a person who invested with her?

  23. Avataaar/Circle Created with python_avatars Lou Ferrao says:

    Man if we could only raise our debt ceiling we all would be in great shape.

  24. Avataaar/Circle Created with python_avatars sean ford says:

    That $1 trillion defense budget goes to defense contractors and large corporations Non of it goes to the actual people serving in the military, so yes reduce it, if we have a tighten our belts and trim the fat so do they!!!

  25. Avataaar/Circle Created with python_avatars Mark Forno says:

    Almost 30 Trillion in debt! Financial education is needed. 😊

  26. Avataaar/Circle Created with python_avatars MaxTheSunBro says:

    umm.. one root canal cost $1500.. exactly why my $1k per year dental insurance sucks!

  27. Avataaar/Circle Created with python_avatars Joe Hudick says:

    I feel like Kevin is more educated then all of the house senate, any state leaders, the VP and the president….sad when a YouTube content creator is dropping information you don't hear on other news outlets. Thank you Kevin

  28. Avataaar/Circle Created with python_avatars ajamesc55 says:

    will there ever be a year where we are in the black ever again, wtf

  29. Avataaar/Circle Created with python_avatars K Dawg says:

    The US Govt needs to start buying BTC instead of crappy assests and stop trying to get rid of the crypto industry it will only benefit other countries and hurt US in the long run

  30. Avataaar/Circle Created with python_avatars Dan DeVos says:

    Here is an insanely crazy concept. Maybe just run a balanced budget and there would be no need for debt ceilings. I know, Mind Blown.

  31. Avataaar/Circle Created with python_avatars Jeremy Jackson says:

    whats wrong with taxing the rich? every other developed nation on earth has Universal healthcare- they achieve this through taxes.

    What's wrong with cutting the millitary budget? The US spends more on our Millitary then the next TEN countries COMBINED.

  32. Avataaar/Circle Created with python_avatars Nic Viv says:

    dude you look extra red bro…are you stressed? Take care of the Blood pressure Kevin

  33. Avataaar/Circle Created with python_avatars APPLE MAN says:

    We need Biden and Kamala out the White House. I warned people plenty of time during the election that Kamala and Biden are not good choices for running the White House. Vote them out in the next presidential election.

  34. Avataaar/Circle Created with python_avatars Khunbish Designs says:

    problem with everything and even you do this which is why people will never unify…

    WE do thjis
    DEMS do this

    Be better and bring people together, quit being a typical politician wanna be a creating and capitalizing on division

    No wonder you were so far behind in calis polls

  35. Avataaar/Circle Created with python_avatars Doug Bay says:

    1 billion seconds = 31 years 1 trillion seconds = 31,000. years after the first trillion dollars in debt 3 or 4 trillion more in debt is no big deal !!!! Right??

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