Posted on 10/23/2022 10:32:10 AM PDT by ChicagoConservative27
House Republicans are looking to use a vote on raising the debt ceiling, a must-pass measure to avoid stark economic consequences and damaging credit of the United States, to get concessions on spending cuts if they win control of the chamber in the midterm elections.
The federal government is expected to reach the $31.4 trillion debt limit, last increased in 2021, sometime in 2023. House Minority Leader Kevin McCarthy (R-Calif.), who is likely to become Speaker should the GOP take the lower chamber in November, is preparing for a battle with the Biden administration over curbing spending as a condition for a debt ceiling increase.
(Excerpt) Read more at thehill.com ...
Thank you.
More like debt ceiling caves.
Republicans always cave.
Increase of $100 billion for each state that votes for an attached balanced fiscal year amendment.
If a fiscal year ends in the red, no future federally funding for then current federal elected officials: no federal job, pension, health care, Secret Service protection, etc.
GOOD.
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