Why are this Admin. and Dem politicians and the MSM continuing to say we HAVE to raise the debt ceiling or the US will default on its debt? AFAIK, that’s a big lie.
Raising the debt ceiling just allows the US to BORROW more money, like increasing the limit on a credit card, so they can increase the amount of debt.
There is now more tax revenue being collected than ever before. From what I’ve read at various sources, that revenue is sufficient to service the debt and fund the entitlements and necessary functions of the US. Thus, keeping the debt ceiling where it is will NOT lead to a default.
If I’m wrong in my assessment, I welcome correction.
Your assertions are more or less correct, except that you already know the answer to your rhetorical question.
The point is that the spending spree must continue - for it provides the path to power and fundamental transformation.
And, with all the new taxes kicking in with Orino Care, they should see a large increase in revenues.