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#CONgress will raise the national debt ceiling... per US Treasury Secretary Scott Bessent

They plan to provide 'tax cuts' by borrowing. 🤣🫥🧐

"Congress has always acted when called upon to raise the debt limit. Since 1960, Congress has acted 78 separate times to permanently raise, temporarily extend, or revise the definition of the debt limit – 49 times under Republican presidents and 29 times under Democratic presidents." https://home.treasury.gov/policy-issues/financial-markets-financial-institutions-and-fiscal-service/debt-limit

Debt Limit

The debt limit does not authorize new spending commitments. It simply allows the government to finance existing legal obligations that Congresses and presidents of both parties have made in the past.

^{U.S. Department of the Treasury}

#congress

Heretical_i 2 Wochen her •

The debt ceiling increase is to supply tax cut by👉Borrowing to pay citizens👈who could actually USE those cuts on their taxes. That's the upper middle class and rich, NOT the working class. You have to do the Long Form tax return, and you know, workers end up paying more if they do. Same with charity contributions. The schtick is 'borrowing from peter to pay paul', which IS how Trump runs his businesses; is an anathema to OG conservatives, and IS what the democrats do.

Trump; Economic Democrat!

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