Joe Biden claimed, back in 2009 when he and Barack Obama were launching their government spending sprees, that, “‘You’re telling me we have to go spend money to keep from going bankrupt?’ The answer is yes, that’s what I’m telling you.”
As a fiscal policy, it undoubtedly has left many economists with jaws agape, but as a forerunner to what apparently is the Democrat party’s present fiscal ideology, it was spot on.
It’s because now, with the nation at its debt ceiling of more than $31 trillion, and with Democrats having passed a $1.7 trillion spending plan that can’t be covered, they are insisting that the statutory borrowing limit be raised.
They are telling the GOP, now the majority in the House, that’s exactly what has to be done.
And they want is raised to the sky.
Literally, they don’t want to accept any limits on what they can borrow and spend, and then hope that today’s grandchildren and great grandchildren can repay.
Fox News reports that Democrats even now are claiming it’s “dangerous” for Republicans to insist on reduced spending – as a condition for higher borrowing.
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The no-limits credit card for Congress has been proposed in legislation from dozens of House Democrats.
Among supporters of the idea are Rep. Pramila Jayapal, D-Wash., and Rep. Sheila Jackson Lee, D-Texas, who recently proposed modifying the First Amendment so that statements about minorities that are made by whites would be illegal.
“Weaponizing the debt ceiling and using it as a pawn in partisan budget negotiations is dangerous and repeatedly brings our nation to the brink of default, which would be disastrous to the U.S. economy – something we’ve witnessed as recently as 2011 when Republicans created a debt ceiling crisis that resulted in the first ever downgrade to the U.S. credit rating,” claimed another Democrat, Rep. Bill Foster if Illinois.
He likened the situation to ordering a meal at an expensive restaurant, eating it and then “skipping out.”
The bill is called the “End the Threat of Default Act” and aims to end any serious attempt to limit government spending on whatever Congress decides.
Treasury Secretary Janet Yellen said the debt ceiling should be addressed by summer to avoid significant problems.
Fox reported, “Before the housing crisis in 2008, the total national debt was $9 trillion, an amount that more than tripled to more than $31 trillion in less than 15 years thanks to programs related to the housing bailout, 20 years of military presence in Afghanistan, COVID emergency response measures, and routine funding increases for defense and social programs. COVID drove federal spending to record-high levels, and the government continues to spend near those levels even though the emergency has abated.”
Democrats already have suggested that their current spending plans could push the nation a further $13 trillion into debt over just the next few years.
EDITOR’S NOTE: What is behind the current war against America’s children? Why are so many adults killing their unborn children right up to the moment of birth, or even after? Why are millions of kids sexualized virtually from birth, and injected with an experimental “vaccine” proven to be both ineffective and dangerous, then as toddlers transported to events glorifying mentally ill, demonically possessed men dressed as women?
Why are America’s children systematically sexualized at school, and by transgender recruiters on social media platforms like TikTok, seducing many into “identifying” as the opposite gender, or a brand-new imaginary gender, then encouraged to take powerful drugs and hormones and have their healthy breasts amputated or undergo chemical or surgical castration?
Why are our children simultaneously indoctrinated with toxic Marxist ideologies like “critical race theory” intended to condition them to hate and reject their own country, parents, faith, race, gender and themselves? Why are they simultaneously being frightened of the future by being fed lurid, terrifying – and groundless – apocalyptic tales of the imminent destruction of the world due to global warming?
No wonder youth suicides have skyrocketed, as have depression, anxiety, addiction and drug overdoses. Indeed, fentanyl, the No. 1 cause of death of younger Americans 18 to 45, destroys multitudes of children annually.
Make no mistake: The harm being done to America’s children in this multi-front war is not accidental: Children are the primary target.
WHY? How can all this be happening in the greatest nation on earth? Who and what is behind it? And HOW CAN IT BE STOPPED?
Find out in the explosive January issue of WND’s critically acclaimed monthly Whistleblower magazine, “WINNING THE WAR AGAINST AMERICA’S CHILDREN,” available in both print and state-of-the-art digital editions.
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