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Efforts to Raise the Federal Debt Ceiling

The House is (finally) back in session this week. Earlier this month, I said September was going to be a mess in Congress. And so it begins…

For now at least, let’s ignore the overwhelming surge of illegal immigrants since Biden took office. Let’s ignore his numerous catastrophic failures in Afghanistan. Let’s ignore rising inflation, and a host of other problems. Just set all those aside for right now.

Today in Washington, the focus is on two other issues: (1) the federal government is only funded for just ~9 more days, through September 30th. And (2) we’re quickly approaching the point where the federal government cannot legally borrow any more money.

On raising the debt limit, it will absolutely not have my support. Because there is NO PLAN – and no meaningful efforts – to get this crippling debt under control. There’s no talk of spending reductions, caps, offsets, or even eliminating wasteful spending. Instead, it’s just trillions upon trillions of spending, much of it in pursuit of an agenda we CANNOT afford, even if it were appropriate.

Republicans aren’t blameless here by any stretch, but the bottom line is that liberals are in the driver’s seat right now, controlling both chambers of Congress plus the White House. THEY own the current spending, so THEY can own the current effort to raise the debt limit.

Friends, the frightening truth is that there’s not even a long-term (e.g. 10+ year) effort in Congress for the federal government to return to fiscal sanity. Which begs the question...

Would it be reasonable to support a very modest increase in the debt ceiling now with FIRM guarantees that the government will soon have a balanced budget and start paying down this massive $28 trillion national debt?

Perhaps, but that’s nowhere in the cards right now. Not even close, and certainly not with this administration and current congressional leadership.