Lawmakers Headed For Big Partisan Standoff Over Debt Limit In 2023

[2012Bearcat]

Lawmakers headed for a big partisan standoff over the debt limit in 2023

Lawmakers on Capitol Hill are gearing up for a political showdown over raising the country’s $31.4 trillion borrowing limit this coming spring or summer after punting the issue to a new Congress.

www.washingtonexaminer.com

With the current national debt at over 31 Trillion dollars it's past time to reign in government's spending. In fiscal year 2022 the federal government spent 6.27 trillion and only collected about 4.9 trillion in revenue. I would think everyone could agree that type of spending is not sustainable, especially considering we already have over 31 trillion in debt due to both sides ineptness and corruption.
Typically Democrats will call for raising taxes to continue the out of control spending, while Republicans will demand spending cuts which will be essentially meaningless to the big picture considering the massive unfunded obligations already in place.

Our Debt Clock

www.truthinaccounting.org

Looking at the numbers and considering the politics of it all it looks like a huge fight with no winner and the real loser being the American people that just want to live their lives.









What the Federal Government Has
Assets


What the Federal Government Owes


Publicly held debt
Pension & retiree health care liabilities
Other liabilities
Total bills
-$55.12 trillion

 

[LAY THE WOODY]

Debt limit! Can America survive without debt limits Bernie madoffs, Stanford or ftx?

 

[LAY THE WOODY]

I forgot Enron and Kenneth Lay. 😂

 

[Ostatedchi]

I'd feel better about a debt ceiling debate if, when in power, the Repubs didn't abuse it just as much as Dems

 

[LAY THE WOODY]

I'd feel better about a debt ceiling debate if, when in power, the Repubs didn't abuse it just as much as Dems

Obviouse yer fence is short. 😉

 

[davidallen]

Lawmakers headed for a big partisan standoff over the debt limit in 2023

Lawmakers on Capitol Hill are gearing up for a political showdown over raising the country’s $31.4 trillion borrowing limit this coming spring or summer after punting the issue to a new Congress.

www.washingtonexaminer.com

With the current national debt at over 31 Trillion dollars it's past time to reign in government's spending. In fiscal year 2022 the federal government spent 6.27 trillion and only collected about 4.9 trillion in revenue. I would think everyone could agree that type of spending is not sustainable, especially considering we already have over 31 trillion in debt due to both sides ineptness and corruption.
Typically Democrats will call for raising taxes to continue the out of control spending, while Republicans will demand spending cuts which will be essentially meaningless to the big picture considering the massive unfunded obligations already in place.

Our Debt Clock

www.truthinaccounting.org

Looking at the numbers and considering the politics of it all it looks like a huge fight with no winner and the real loser being the American people that just want to live their lives.









What the Federal Government Has
Assets


What the Federal Government Owes


Publicly held debt
Pension & retiree health care liabilities
Other liabilities
Total bills
-$55.12 trillion

What does the debt limit actually represent?