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Next Up for GOP Congress: Raising the Debt Ceiling
The Wall Street Journal ^ | July 30,2017 | Kate Davidson

Posted on 07/30/2017 1:51:24 PM PDT by Hojczyk

Treasury Secretary Steven Mnuchin says federal borrowing limit must increase by Sept. 29, giving lawmakers little time after recess to act

Republicans are leaving town for an August recess after a failed attempt to repeal the Affordable Care Act. When they return in September, they’ll have just 12 working days to avert another big problem.

In a letter to lawmakers Friday, U.S. Treasury Secretary Steven Mnuchin said the federal borrowing limit, or debt ceiling, needed to be raised by Sept. 29 or the government risked running out of money to pay its bills.

(Excerpt) Read more at wsj.com ...


TOPICS: Crime/Corruption; Government
KEYWORDS: debt; inflation; nationaldebt
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To: Hojczyk

Why do will still worry about the debt? When the government needs money they just add a few digital zeros to the bottom line and print a few more dollars. No one’s going to fix this. Too many people on the dole. Let them go so we can get the pain over faster.


21 posted on 07/30/2017 4:01:41 PM PDT by lucky american (Progressives are attac Iking our rights and y'all will sit there and take it.)
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To: Hojczyk
.

Can anyone explain to me why we even HAVE a "debt ceiling"?

.

22 posted on 07/30/2017 4:12:46 PM PDT by Roccus (When you talk to a politician...ANY politician...always say, "Remember Ceausescu")
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To: Roccus

“Can anyone explain to me why we even HAVE a “debt ceiling”?]


Most intelligent question I’ve heard all day.

.


23 posted on 07/30/2017 4:16:46 PM PDT by Mears
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To: Roccus

because democrats and republicans are the same party. They just split the conventions because the buildings are not large enough.


24 posted on 07/30/2017 4:19:42 PM PDT by morphing libertarian
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To: Hojczyk
Republicans are leaving town for an August recess after a failed attempt to repeal the Affordable Care Act.

They don't deserve this recess. They should stay in Wash. and do their jobs. Fund raisers, overseas junkets and all the other stuff can wait.

They work for us. And I, for one, don't think they have earned a "month off."

They should hang their heads in shame.

25 posted on 07/30/2017 5:47:39 PM PDT by upchuck (...Republicans are not investigating Clinton Crimes... because they are afraid of the Clintons- Newt)
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To: Hojczyk

veto pen Donald


26 posted on 07/30/2017 6:36:07 PM PDT by shalom aleichem
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