Home » Posts tagged with » Debt Ceiling

Congress Plans Votes On Debt Ceiling, Infrastructure, Abortion Ahead Of Extremely Consequential Month

Congress Plans Votes On Debt Ceiling, Infrastructure, Abortion Ahead Of Extremely Consequential Month

Andrew Trunsky Majority Leader Steny Hoyer said Friday that the House would vote on a debt ceiling suspension and on the bipartisan infrastructure bill next week, even as Republicans vow to oppose raising the limit and Democrats’ $3.5 trillion budget, which progressives have tied to the infrastructure package, faces numerous setbacks. Hoyer announced the votes […]

‘Do You Guys Think I’m Bluffing?’: McConnell Doubles Down Against Debt Ceiling Raise As Congress Barrels Toward Government Shutdown

‘Do You Guys Think I’m Bluffing?’: McConnell Doubles Down Against Debt Ceiling Raise As Congress Barrels Toward Government Shutdown

Andrew Trunsky  Senate Minority Leader Mitch McConnell Tuesday doubled down on Republican opposition to raising the debt ceiling, instead saying that Democrats were solely responsible for increasing it given their control of Congress and the White House. “Let me make it perfectly clear,” McConnell told Punchbowl News. “The country must never default. The debt ceiling […]

Blowing Off The Roof

Blowing Off The Roof

By: Peter Schiff, President and CEO Euro Pacific Capital  . .O Of all the absurd Washington pantomimes none has been as reliably entertaining and maddening as the annual debates to raise the debt ceiling. Although the outcome was always a foregone conclusion (the ceiling would be raised), the excitement came when fiscal conservatives bemoaned the perils […]

Trump Makes A Deal!

Trump Makes A Deal!

by Phil Erwin Wednesday, Sept. 6th saw that rarest of rare events in Washington – an actual deal being made between Democrats and Republicans. Oh, wait a minute… The deal was actually between Democrats and President Trump. Republicans took themselves out of play, and then were actually stunned, even angry that it happened. How could […]

The First Step Toward Fiscal Discipline: Cut Up The Credit Card

The First Step Toward Fiscal Discipline: Cut Up The Credit Card

. By Thomas L. Knapp In 2015, Congress temporarily did away with the US government’s fictional “debt limit.” I call that limit fictional because it’s not really a limit. Every time the government gets close to it, Congress raises it. It’s as if signs on the highway changed to display a number five miles higher […]

Obama presidency to end with $20 trillion national debt

Obama presidency to end with $20 trillion national debt

  When President Obama signs into law the new two-year budget deal Monday, his action will bring into sharper focus a part of his legacy that he doesn’t like to talk about: He is the $20 trillion man. Mr. Obama’s spending agreement with Congress will suspend the nation’s debt limit and allow the Treasury to […]

Fractured House approves debt ceiling hike ‘Clean’ bill drops all GOP demands

Fractured House approves debt ceiling hike ‘Clean’ bill drops all GOP demands

From the Washington Times The House passed a “clean” debt ceiling increase Tuesday granting President Obama power to borrow as much as the government needs for the next 13 months, vialis 40mg after House Republican leaders surrendered their longstanding vow to demand concessions in exchange for any debt hike. Unable to muster his own troops, […]