HERE WE GO: Dems Vote to Raise Debt Ceiling Another $2.5 Trillion; Heads to Senate

To Democrats, money literally grows on trees. They just keep printing and printing and inflation continues to climb, and they can’t see how the value of the dollar decreases.

It is criminally insane. They should all be locked up.

On Tuesday, the Democrat-controlled House of Representatives voted to raise the debt ceiling by trillions. The Democrat-controlled Senate is likely to follow suit. Then, it’s off to Biden for a final signature.

From Fox Business:

Lawmakers expect the increase, which raises the debt ceiling to roughly $31.5 trillion, to last beyond the upcoming midterm elections and into 2023. Treasury Secretary Janet Yellen said lawmakers had until Wednesday to raise the debt ceiling or risk a potential default on U.S. obligations.

Earlier, Republicans agreed to a one-time exception to the filibuster, allowing the Democrats to pass the debt hike by a simple majority vote rather than meeting the 60-vote threshold.

LOOK:

The House is expected to sync up with the Senate in a vote on raising the debt limit that could occur as soon as Tuesday. From there, the bill will proceed to President Biden’s desk for final approval.

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Notice: This article may contain commentary that reflects the author's opinion.




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