The debt ceiling has been one of the most interesting topics in modern United States history.
During the Bush years, Democrats railed against his free spending ways, often arguing against raising the debt ceiling, including Saint Barack Obama. Throughout his tenure, the Republicans took their turn to lambast increases to the debt ceiling – President Obama said it was essential to raising it.
Now that the Republicans are back in charge, what’s going to happen? Are we going to see a complete reversal again (Democrats oppose and GOP in favor)? Probably.
White House legislative affairs director Marc Short reportedly stated that President Donald Trump wants to avoid a default on the national debt and raise the debt ceiling by August.
“We’re looking for before they adjourn for August recess,” Short told reporters. “What I think you will understand from both of them is the need to raise the debt ceiling before Congress adjourns for the summer.”
July 28 is the final day the House and Senate are in session.
Forget the debt ceiling; let the U.S. default on the debt to actually tackle its fiscal mess.
It’s about time that the donkeys and elephants stopped making the debt a political football and ceased kicking the can down the road.
JRATT1956 says
The Federal government is short 440 billion in the 2017 budget. I think the bean counters can find 12% in cuts across the board in every government expense, in a 3,650 billion dollar budget.
It is time everyone getting a payment from the government sacrifice just a little.
From the Congressman and other government employees, Defense Contractor, Retiree, etc.
The problem is the fat cats in D.C. do not want to cut the fat, as long as they can push this debt bubble on down the road, for future generations to take all the pain.