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Jan 23, 2023
Democrats Push To Eliminate The Debt Ceiling, Allow Unlimited Government Borrowing.
Democrats Push To Eliminate The Debt Ceiling, Allow Unlimited Government Borrowing.
Dozens of House Democrats have proposed legislation that would eliminate the debt ceiling, which would allow the government to borrow without any limit set by Congress. The federal government hit the $31.381 trillion debt ceiling last week, and House Republicans are pushing for commitments to cut back on the record growth in federal spending before agreeing to allow more borrowing. But Democrats accuse Republicans of setting up the possibility of prohibiting a debt ceiling hike, which would make the government unable to fund all of its current obligations. (Excerpt) Read more at foxnews.com ... TOPICS: Breaking News; Business/Economy; Culture/Society; Extended News; Government KEYWORDS: budget; debt; money Democrats say it's 'dangerous' for Republicans to demand spending cuts as a condition of raising the borrowing limit. The BS gets deeper and deeper. 1 posted on 1/23/2023, 11:10:21 AM by Carriage Hill To: Carriage Hill No borrowing limit? Then stop taking in taxes. 2
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