“It” happened last Friday morning. “It” was actually something that is more serious than inflation. It’s more serious than immigration reform (that’s saying a LOT coming from me!), and it’s more serious than fixing the southern border.
“It” is the debt ceiling.
And in case you missed it, the federal government hit the latest debt ceiling of $31.4 trillion. That means that technically, the US Government can’t be spending any more money, or at the very least incurring any more debt. Now, since we are borrowing money just to pay the interest on the $31.4 trillion that’s out there in debt, you have to realize that unless some shenanigans are pulled, we are going to be defaulting on the debt.
That has never happened.
But this time, I think there is the possibility, even though Senate Minority Leader, Mitch McConnell says it won’t. Mitch isn’t in the House, where Republicans…
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