April 28, 2023
The House raised the debt ceiling. However the Senate and Biden will not sign onto the bill. So, a kabuki show. The White House and the Dems are squealing that the government is going to default. The annual revenues are north of 4 trillion, they can meet all their contracted obligations and social security and Medicare as those are funded with 15% from the working public plus whatever Medicare collection is these days. We are on Medicare and we still pay for it. In fact it is a big chunk. The continued printing of money to cover the deficit takes money from the populace in the form of inflation. We went grocery shopping yesterday. Some products have increased 100%. Many products are no longer available. I have started ordering some food stuffs from Amazon.
Tim adds:
Republicans raised the debt ceiling. Women, minorities hardest hit! https://www.nbcnews.com/politics/congress/house-republicans-eye-wednesday-vote-debt-limit-bill-making-changes-rcna81326 Funny; Biden and his merry bandits won't take the deal, even though it fully funds the government. They want MORE, MORE, MORE! They remind me of Tony Montana in Scarface "The World is yours!" And who will be blamed by the media for any government shutdown? The guy who actually shut the government down or the ones who went ahead and raised the debt ceiling (that thing which is supposed to be a hard limit on spending)?
Posted by: Timothy Birdnow at
11:16 AM
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