Tag: Debt Ceiling
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$17 Trillion In Federal Debt…. …Then What?!?!
If Congress approves a $2.5 Trillion increase in the Debt Limit (which should be called a Tax Increase), what happens when we get to $17 Trillion? We KNOW Congress will spend that $2.5 Trillion. Will the Republicans suddenly grow a backbone then? When we hit $17 Trillion during an election year, will the Republicans actually […]
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It’s Not A Debt Increase…
IT’S A TAX INCREASE!! The current description of the negotiations regarding increasing the debt limit is a fallacy. We are not negotiating to increase the debt limit, we are negotiating to increase taxes. We may or may not increase the tax rates on some or all individuals or corporations, but raising the debt limit is […]