Opinion | This Debt-Ceiling Crisis Threatens Democracy as Well as Solvency

Congress is about to begin another debt-ceiling fight, and it threatens the Constitution as well as America’s solvency.

Over the past two years, Uncle Sam has borrowed and spent trillions of dollars to address Covid-19. Coronavirus spending added nearly $3 trillion to the national debt this year alone—and that doesn’t count the recently passed infrastructure bill and the pending Build Back Better Act. The unprecedented growth in federal outlays has contributed to inflation, which has reached a 30-year high, and caused annual budget deficits to soar.

opinion Collapsing a nation's economy is a major factor in the Marx destruction of our nation w/ debt over $17 trillion, that's over a million a minute. We can never pay that debt. Spineless gov. officials will cave to raise the limit, while refusing serious action to cut entitlements.

opinion Damn right ! it threatens our very existence!

opinion Did a billionaire or a rich idiot write this? What we need is to tax billionaires and corporate america fairly. We should all be treated the same.

purplesgem opinion Murdoch-biased WSJ is the GQP elite's equivalent of Fox News. WSJ is reprehensible, ONLY complains abt Debt ceiling when Dems are in WH, not when **GQP raised Debt by 8 trillion,** incl 1.9T in tax cuts, now screaming abt GQP-created 'inflation' after giving Def/MIC $30B more.

opinion Biden doesn't understand the value of a blank check...

opinion Congress suspended debt ceiling in 2015, 2017, 2019. Funny, can't find your editorials from those years declaring suspension as a threat to the Constitution. 'Blank check'? You know Exec branch can only spend funds appropriated by Congress. You're being deliberately disingenuous

opinion Politicians in US 2021 are more focused on raising the debt ceiling further so they can spend more taxpayer dollars than they are on the actual problems like poverty, education, etc. When does it end people? They are using us all like cattle. Don't you want it to change?

opinion “Show me a man that gets rich by being a politician, and I'll show you a crook.” Harry Truman

opinion Maybe time to fairly look at what is a cost and what is an investment in that debt.

opinion

opinion America is Stuffed! With this Hateful Division, China and Russia are Laughing at it. What a Great Shame that America hasn’t learned from history, as it too destroys itself from the inside. How Shortsighted. How Avoidable.

opinion Good, stop all this reckless spending!

opinion They’ll vote along party lines. Dems will vote yes GOP no. Come midterms GOP will enact amnesia & act as if dems went about this solo. GOP will rail against spending forgoing the 4 years of trump & Dems will fumble on messaging. Insanity right.

opinion They just passed an 800bn defense budget but food stamps are undermining fiscal stability, news at 11

opinion So True. We do have the right to be in debt, and the right to put our children & children's children & children's children's children..in debt

opinion

opinion The senate gop cut a deal to let it pass. Weak kneed move yet again by the gop.

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Lawmakers Close In on Debt-Ceiling DealHouse leaders introduced legislation that would pave the way for Democrats to raise the debt ceiling in the Senate without Republican support Won’t work. Dems don’t have their act together while GOP is working to destroy USA. Your spin on this doesn't mention that raising the debt ceiling is to pay for debt that we have already incurred. And this is called a democracy? Very funny
Source: WSJ - 🏆 98. / 63 Read more »

House takes key step toward raising the debt ceiling as deadline draws closerThe House passed a bill that would allow the Senate to raise the debt ceiling with a simple majority vote. good Startling new take on that old Time Warp song. Anyone see a resemblance?
Source: CNBC - 🏆 12. / 72 Read more »

Oh the two horses are gonna be PISSED!! horrible Would be better if they address the debt
Source: USATODAY - 🏆 100. / 63 Read more »

House Republicans seethe over Senate GOP's debt dealMitch McConnell's deal on the debt ceiling is just the latest example of the Senate GOP working with Democrats, to the scorn of House Republicans. Lmao Some shitty red states have less than 10% of residents of big states and have 2 senators....why.
Source: politico - 🏆 381. / 59 Read more »

What is the debt limit and why is everyone in Washington talking about it?Congressional leadership is nearing a deal that will raise the United States’ debt ceiling and stop the government from defaulting, the consequences of which could devastate the economy.
Source: YahooNews - 🏆 380. / 59 Read more »

Congress hatches novel plan to lift debt ceiling with only Democratic votesThe approach includes a multi-step process that would resolve the debt limit standoff and pass the annual defense authorization bill ahead of two key deadlines. raising the debt to blow out spending. smart.
Source: NBCNews - 🏆 10. / 86 Read more »