Tag: national debt

Sen. Hatch: Those Opposing More Debt ‘Don’t Deserve to Be Here’

| August 9, 2017 | Articles: Freedom
Sen. Hatch: Those Opposing More Debt ‘Don’t Deserve to Be Here’

Republican leaders in Congress, with the urging of Treasury Secretary Steve Mnuchin, are anxious to raise the federal borrowing limit from $19.8 trillion – no strings attached. The only hitch is those pesky conservative voters who were promised restraint by party leaders. GOP establishment hopes to quietly pass a “clean” bill to raise the debt ceiling – a direct betrayal of that voter base – don’t currently enjoy enough support from other Republican members who still consider themselves accountable. So, a deal with the Democrats beckons. Republicans technically have the power to finally honor the limit on borrowing by reducing spending. After all, Republicans control both Congress and the White […]

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Raising the Debt Ceiling Means Jacking Up Future Inflation

| August 2, 2017 | Category: Economy
Raising the Debt Ceiling Means Jacking Up Future Inflation

The dramatic failure of the U.S. Senate’s last-ditch Obamacare repeal effort leaves Republicans so far without a major legislative win since Donald Trump took office. No healthcare reform. No tax reform. No monetary reform. No budgetary reform. The more things change in Washington… the more they stay the same. Despite an unconventional outsider in the White House, it’s business as usual for entrenched incumbents of both parties. The next major order of business for the bipartisan establishment is to raise the debt ceiling above $20 trillion. Since March, the Treasury Department has been relying on “extraordinary measures” to pay the government’s bills without breaching the statutory debt limit. By October, […]

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