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Hell No To a Debt Ceiling Increase

1 0 1
11.08.2021

Sometimes, when you go into a store with expensive merchandise on the shelves, you will see a sign that reads, "You break it, you buy it."

That's a good slogan for the Republicans as they continue to battle the left's economically catastrophic quest to bankrupt our country by authorizing some $6 trillion of new spending. This is the economic theory that if the ship is sailing toward an iceberg, best to speed up.

Under the Biden-Pelosi-Schumer plan, the national debt, which now stands at near $30 trillion and well above the warning sign of 100% of our GDP, would soar to close to $50 trillion in 10 years. A new study by FreedomWorks shows that the debt under the Democratic plan could rise to 200% of GDP over the next decade -- almost twice as high as any previous time in our nation's history.

This debt explosion will happen even though Democrats are also planning one of the largest tax increases in American history.

President Joe Biden and House Speaker Nancy Pelosi plan to do all of this without one single Republican vote........

© RealClearPolitics


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