(TheLibertyRevolution.com)- The Democrats are eager to shove their phony $3.5 trillion “infrastructure” bill down America’s throats, and in response, the Republicans actually found their collective missing spine and decided to play hardball – telling Democrats that they will not vote to raise the debt ceiling.
Naturally the reckless and irresponsible House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer are doing their best to portray the Republicans as reckless and irresponsible.
Schumer feigned surprise at his press conference last Wednesday saying he couldn’t believe “the Republicans will let the nation default.” Odd that Schumer doesn’t realize that adding another $3.5 trillion in spending may be the problem here.
Schumer whined about how in the past raising the debt ceiling was always bipartisan. Then again, in the past, Congress wasn’t trying to force through multi-trillion dollar spending bills in a strictly partisan vote. The past is no longer relevance to the current problem.
In a private phone call with her caucus, the sputtering fool Pelosi allegedly screeched that “this is Trump’s money.” Pelosi blamed the rising debt on Trump’s “tax scam” and “paying for COVID” which Pelosi said is “a responsibility we all share.” But again, maybe the lesson here is “don’t add another $3.5 trillion in spending right now.”
Forty-six Republican senators signed on to a letter earlier last week saying that they would not vote to increase the debt ceiling – something Mitch McConnell predicted earlier this month when he said the couldn’t imagine that a single Republican would vote to raise the debt ceiling after all the deficit spending that’s been done.
Treasury Secretary Janet Yellen, who never said No to more government spending, urged Speaker Pelosi last month to “protect the full faith and credit of the United States” by extending Congress’ 2019 suspension of the debt ceiling. Congress missed the deadline to extend it however. So now they have to vote to raise it.
While Treasury may be able to find the funds to keep the government going for two or three more months without taking on new debt, at some point they won’t be able to – meaning, for the first time in history, if the debt ceiling doesn’t get raised, the US may risk default.