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GOP drowning U.S. in red ink


Mitch McConnell wants Democrats to use “budget reconciliation” in December to raise the debt ceiling. This lets McConnell and his party hang any increase around Democratic necks in the upcoming midterm elections, even though the ceiling needs to be raised to cover the tab created by the previous administration. Raising the debt ceiling has become a ritual imbued with political hypocrisy. Politicians who were only too willing to help amass trillions of dollars of red ink later grandstand and point their fingers at anyone but themselves when the debt ceiling vote rolls around. Since Ronald Reagan changed the rules of the game, one GOP president after another has done their level best to push the public debt ever higher, even as they claimed to be fiscal conservatives and clung to a belief in trickle-down economics. The record shows that the GOP has consistently outperformed Democrats when it comes to piling up red ink. Donald Trump outdid them all with his record $8 trillion in new debt in a single term in office. McConnell believes he has a strategic advantage because he knows when push comes to shove, Democrats will never allow a default that would place the U.S. into financial calamity.

Peggy Perkins

Winder

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10 déc. 2021

Seriously? I guess we are completely ignoring the infrastructure bill and the "build back better" bill the left is trying to pass. The left insists we let everyone in who wants to come here from other countries and that we pay their way for the foreseeable future. Meanwhile their wages will be sent back to their home countries draining our economy. They say we must forgive all student debt because education should be free, cutting off funds owed to our government further sinking us into the red. They are literally paying criminals not to commit crimes in California. They want to create a UBI system FFS...

Clearly you have no clue what you are talking about.

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You're close to full on retard if you think the US can ever pay our debt. We can not. Half the US budget pays only the interest on a rate the fed will never let rise because of the size of the debt. The debt ceiling has been raised 90 times and your acting like that is the issue at hand??? The deficit will continue to balloon. The Fed will ignore inflation and the dollar is going to continue to fall but yeah worry about the politics of the debt ceiling because that's what really matters not both parties drowning us in debt.

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