Shhh…CONGRESS IS RAISING THE DEBT LIMIT
Nicola Moore /
Congress doesn’t want you to know it, but they are about to raise the debt limit because they’ve spent the full $12.1 trillion allowed on their taxpayer-funded credit card.
They’re hoping you won’t notice because they’re trying to sneak the increase into some other “must-pass” measure, such as the upcoming defense appropriations bill. But if you do notice (please do notice because it will be expensive), they are hoping you will forget by Election Day.
Democratic leadership’s new plan, as espoused by Majority Leader Steny Hoyer (D-MD), is to increase the debt limit by more than is necessary in order to dodge another increase that would otherwise be required next year. As Reuters reports: (more…)