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Democrats push to eliminate the debt ceiling, allow unlimited government borrowing.
Fox News ^
| 1.23.2023
| Peter Kasperowicz
Posted on 01/23/2023 10:10:21 AM PST by Carriage Hill
Dozens of House Democrats have proposed legislation that would eliminate the debt ceiling, which would allow the government to borrow without any limit set by Congress. The federal government hit the $31.381 trillion debt ceiling last week, and House Republicans are pushing for commitments to cut back on the record growth in federal spending before agreeing to allow more borrowing. But Democrats accuse Republicans of setting up the possibility of prohibiting a debt ceiling hike, which would make the government unable to fund all of its current obligations.
(Excerpt) Read more at foxnews.com ...
TOPICS: Breaking News; Business/Economy; Culture/Society; Extended News; Government
KEYWORDS: budget; debt; debtceiling; democrats; demonicrats; money; nationaldebt
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To: Signalman
The melt value of a silver Roosevelt dime is about $1.69. We’re on our way now.
81
posted on
01/23/2023 4:26:54 PM PST
by
Blood of Tyrants
(Blacks have placed stronger chains on themselves than the slave masters of old ever forged.)
Rats demand unlimited cheese
82
posted on
01/23/2023 4:55:24 PM PST
by
Gene Eric
(Don't be a statist!)
To: Carriage Hill; All
Well damn, guess time for me to write the IRS IOUs.... turn around is fair play. I mean if the US intends someday to make good on the debt, well all I can say is ditto!
83
posted on
01/23/2023 5:35:04 PM PST
by
Lockbox
(politicians, they all seemed like game show hosts to me.... Sting)
To: PGR88
15 to 20 years. okay, thank you.
84
posted on
01/23/2023 8:38:36 PM PST
by
Paperpusher
(Gal 5:15 But if ye bite and devour one another, take heed that ye be not consumed one of another.)
To: Blood of Tyrants
If they do that, convert all your IRAs to precious metals. Then just like FDR with gold, Biden will make it illegal to own and confiscate it. After all, Biden has said he is the new FDR.
85
posted on
01/23/2023 10:48:31 PM PST
by
TheCipher
( RINO politicians in DC are the only reptiles in the world with no backbone)
To: Carriage Hill
Americans average $2500 per month in gross wages and their share of the national debt is about $96,000 each. Higher interest rates have borrowing costs headed to 4.2% per annum or 0.35% per month or $336 per month for each person. If Congress raises the debt ceiling by 6% or 2 trillion then this amount will rise to over $360 per month for each person and shrink disposable income significantly.
What every debt ceiling increase request should be reported as is like an extra 15 year mortgage being thrown on to every American like a 2nd mortgage.
Having an unlimited national debt ceiling would be national suicide. Its pretty shocking that some politicians are dumbly pushing for this.
86
posted on
01/24/2023 12:10:33 AM PST
by
Degaston
(no autocrats please)
To: Carriage Hill
What are they thinking!!
Where are their senses!!
To: Principled
Sounds an awful like check kiting!
88
posted on
01/24/2023 4:30:15 AM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: Carriage Hill
89
posted on
01/24/2023 4:31:12 AM PST
by
Vision
(Woke is communism and it has no place in America. Election Reform Now! Obama is an evildoer.)
To: Jolla
Last YEAR the BM was $2.25!
90
posted on
01/24/2023 4:31:44 AM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: AnthonySoprano
I think we gave it to the Taliban
91
posted on
01/24/2023 4:32:44 AM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: griffin
If money means nothing, can I be a billionaire now, please? No problem, man!
I got a bunch of these from a Nigerian prince just last month!
92
posted on
01/24/2023 4:35:58 AM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: Blood of Tyrants
If they do that, convert all your IRAs to precious metals.Like the advertisers do?
Send us your paper money and we'll send you a piece of paper stating you have bought some shiny metal - located somewhere safe.
93
posted on
01/24/2023 4:42:11 AM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: Blood of Tyrants
94
posted on
01/24/2023 4:42:44 AM PST
by
Elsie
(Heck is where people, who don't believe in Gosh, think they are not going...)
To: frnewsjunkie
That’s rhetorical, right?
95
posted on
01/24/2023 4:42:58 AM PST
by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
To: Vision
Since the dawn of time, when the communists, socialists, leftists, marxists, fascists, anarchists emerged from the primordial slime of the demonKKKrat party. Remember back then?
96
posted on
01/24/2023 4:46:14 AM PST
by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
To: Signalman
Pretty soon, a 10-dollar bill will be worth oh... about what 10 cents was worth in 1950. "OK, honey, I'm off to the supermarket to buy an egg and a couple slices of bread!"
"Better hurry up dear, before the price goes up!"
97
posted on
01/24/2023 4:47:43 AM PST
by
COBOL2Java
(Gun laws empower criminals. Guns empower the people.)
To: COBOL2Java
The US$ of 1913 (Federal Reserve originates) is now worth about $.03 and dropping. Central Banks and Central Planning always result in financial and economic devastation for the country that permits it. Oh, that’s for everyone except those at the higher levels of the Central Banks and the Government. They always manage to transfer someone else’s wealth to themselves before things head south.
98
posted on
01/24/2023 4:59:09 AM PST
by
Rlsau1
To: Rlsau1
The new coin of the realm
99
posted on
01/24/2023 5:08:18 AM PST
by
COBOL2Java
(Gun laws empower criminals. Guns empower the people.)
To: Elsie
Is it worse than a piece of paper stating you have bought more pieces of paper that they will trade for pieces of green paper?
100
posted on
01/24/2023 6:02:20 AM PST
by
Blood of Tyrants
(Blacks have placed stronger chains on themselves than the slave masters of old ever forged.)
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