EXTRA: Debt Ceiling Bingo

The Lone Cactus

I appears that sometime today, Democrats and Republicans are going to reach “a compromise” on the debt ceiling extension. As you probably know (because you’re informed!), on October 18th, the government runs out of money without an increase in the amount of debt it can incur. That’s like you going to your credit card company that you already owe $50,000 to and pay interest only payments on each month, and want them to give you an unlimited credit card limit for a specified period of time. That’s what the Democrats want.

Republicans are set to cave on this. Mitch McConnell has hinted he won’t stand in the way. Democrats are asking that the debt ceiling be waived until December, 2022 (after the midterm elections). That would allow Democrats to spend whatever they want, and run the debt up as high as they want with no consequence (at least to them…for…

View original post 414 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s