Why Debt Limit Was Raised Further Into Stratosphere
The federal government has no intention of paying the $29 trillion debt (not to mention the $162 trillion in unfunded liabilities) it has run up at the expense of future generations. That’s why politicians keep raising the debt ceiling as one blowout spending bill follows another.
What debt is repaid will be with deliberately inflated currency. America’s future has been canceled for the sake of Democrats’ ongoing spending looting spree. But at least we can get a good laugh out of it:
The United States pays its debts when they are due. That’s why today, I signed a bill to fast-track the process to raise our debt limit. pic.twitter.com/Rx4MNC1XS9
— President Biden (@POTUS) December 11, 2021
Either that was a tasteless and insolent joke at our expense, or our rulers are mentally defective.
On a tip from Occam’s Stubble.
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