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Federal Debt Limit (view source)

Revision as of 09:36, February 2, 2023

290 bytes added ,  09:36, February 2, 2023
House conservatives support Speaker Kevin McCarthy's stance taken in his February 1, 2023, meeting at the White House with President Biden: no increase in the debt ceiling unless there is an agreement to reduce federal spending.
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On Jan. 19, 2023, the [[U.S. Treasury]] "reached the debt limit of $31.4 trillion,"<ref name="CBS">https://www.cbsnews.com/news/debt-limit-ceiling-impact-on-your-finances-social-security-medicare-401k/</ref> which was set at that level when Congress increased it by $2.5 trillion as signed into law by President [[Joe Biden]] on Dec. 16, 2021.
 
On Jan. 19, 2023, the [[U.S. Treasury]] "reached the debt limit of $31.4 trillion,"<ref name="CBS">https://www.cbsnews.com/news/debt-limit-ceiling-impact-on-your-finances-social-security-medicare-401k/</ref> which was set at that level when Congress increased it by $2.5 trillion as signed into law by President [[Joe Biden]] on Dec. 16, 2021.
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== 2023 ==
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[[House]] [[conservatives]] support [[Speaker]] [[Kevin McCarthy]]'s stance taken in his February 1, 2023, meeting at the [[White House]] with President [[Biden]]: no increase in the debt ceiling unless there is an agreement to reduce federal spending.
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== Liberal hysteria ==
    
[[Liberals]] use hysteria each time to increase the debt limit again and again, which impoverishes future generations of [[American]]s.  In fact, the [[stock market]] rocketed much higher the following day as [[conservatives]] stood strong against wasteful government spending.<ref>https://www.cbsnews.com/news/debt-limit-ceiling-impact-on-your-finances-social-security-medicare-401k/</ref>
 
[[Liberals]] use hysteria each time to increase the debt limit again and again, which impoverishes future generations of [[American]]s.  In fact, the [[stock market]] rocketed much higher the following day as [[conservatives]] stood strong against wasteful government spending.<ref>https://www.cbsnews.com/news/debt-limit-ceiling-impact-on-your-finances-social-security-medicare-401k/</ref>
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