I’m not ok with this. I didn’t think we would print more money.
But printing money makes stocks go up, which makes 401-k accounts inflate. People love watching their retirement account get bigger. 😄
For God’s sake, will people have some patience?!
In any case, the debt ceiling isn’t our only issue.
There’s also baseline budgeting.
And oddly enough, I don’t see anyone having cows about the debt ceiling going spare about the fact that baseline budgeting is still in use.
Trump knows who the enemy is, what’s he’s doing.
This was always going to take some time.
Have some faith.
And not just in Trump.
Here’s why the debt ceiling needs to be raised:
Trump is proposing tax rate cuts for individuals and corporations, aiming to boost economic growth. However, the Congressional Budget Office will score the tax bill using static assumptions that don’t fully account for future growth.
As a result, the debt ceiling must be raised to cover the projected shortfall — as though the cuts generate no additional revenue.