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Reply to "Republicans and the debt ceiling "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]McCarthy is saying he won’t support a clean debt limit hike. Biden needs to keep explaining why that’s the way to go. But crickets so far [/quote] Because the money has already been legally appropriated and it is unconstitutional for the US to not pay its debts. [/quote] The debt ceiling isn't about paying debts, it is about borrowing more money, creating more debts.[/quote] It makes it possible to borrow more money, but it is also needed in order to deal with debts already incurred. Refusing to raise the debt ceiling isn't about stopping new debt, it causes defaults on CURRENT debt.[/quote]
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