Posted on 12/14/2021 10:19:39 AM PST by Jim Robinson
Congressional Democrats on Tuesday moved to unilaterally raise the federal debt ceiling by $2.5 trillion.
Senate Majority Leader Charles E. Schumer said the borrowing-limit increase is needed to ensure the federal government can continue paying its debts into early 2023.
“Responsible governing has won on this exceedingly important issue,” said Mr. Schumer, New York Democrat. “The American people can breathe easy and rest assured there will not be a default.”
The Senate is expected to vote on a resolution hiking the debt ceiling, a federally imposed limit on how much the U.S. can borrow to meet its expenditures, as early as Tuesday. Afterward, the House will take up the bill and pass it as well.
Generally, raising the debt ceiling requires at least 60 votes to overcome the Senate’s filibuster rules.
Mr. Schumer said the measure will need only a simple majority in the evenly split chambers this time. That’s because Congress passed legislation last week creating a one-time, fast-track process for hiking the borrowing limit.
Under the process, which was backed by Senate Minority Leader Mitch McConnell of Kentucky and 13 other Republicans, Senate Democrats can raise the debt limit one time with 51 votes, including Vice President Kamala Harris’ vote. Senate debate will be limited to 10 hours.
(Excerpt) Read more at washingtontimes.com ...
it’s only faux money...
And of course all the Republicans who voted to move it forward will now vote against it.
With the assistance of the Assistant Democrats, once again.
That’s how Kabuki theater works.
And McConnell says: “Yes sir Sen. Schumer! Is there anything else I can do for you? Get you some coffee? Arrange some meetings with the CCP bribe authority? Dig up some more fake dirt on Trump?!”
With Irresponsible Ditch and his merry band of >40 GOPee “Senators” assisting, AGAIN!....
Mitch gave them an inch...
A loaf 🍞 of bread 🍞 for a day’s wage
Talk about writing a check your ass cannot cash........
VOTE DEMOCRATS OUT !!!
They are ruining this GREAT country.
Vote them out !!!!
Why stop there?
Why not a gazillion gazillion dollars?
Why even have a ‘ceiling’?.........................
Which means, if the mid-term elections are successful, that the Republicans will have to increase the debt limit all on their own shortly after regaining both houses. Payback time for the Dems.
They will quickly use that up in next to no time. And come back for more.
I was beginning to worry.
there are approximately 100 Million Federal Taxpayers in the US, $2.5 Trillion Dollars is $25 MILLION per TAXPAYER
Does anyone in Congress ever think of lowering spending?
if you raise every time its not really a limit
Why, the ceiling is a serious constraint on out-of-control spending. Right?
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