Thanks To Joe's Multi-Trillion Dollar Spending Spree, Our Heads Just Bounced Off Our Nat'l Debt Ceiling.
Washington Examiner
Spear Headed By Fiscal Libtard, Chuckie Schumer.
While the Chinese money keeps rattling around, the U.S. -- as a direct result of Biden’s reckless overspending -- reached its legal borrowing limit of over $31 trillion on Thursday. That is about 120% of the U.S. gross domestic product. When a nation’s borrowing exceeds its GDP, it’s headed for a recession. The U.S. debt to GDP ratio was 76% in 2018. Now Biden wants another debt ceiling raise and the House Republicans want spending cuts. They’ll back down rather than risk a default. Biden won’t back down because he wants to borrow and spend 'til eternity.
Has 50 year Liberal Lifer Biden Ever Seen a Dollar He Couldn't Spend?
Spear Headed By Fiscal Libtard, Chuckie Schumer.
While the Chinese money keeps rattling around, the U.S. -- as a direct result of Biden’s reckless overspending -- reached its legal borrowing limit of over $31 trillion on Thursday. That is about 120% of the U.S. gross domestic product. When a nation’s borrowing exceeds its GDP, it’s headed for a recession. The U.S. debt to GDP ratio was 76% in 2018. Now Biden wants another debt ceiling raise and the House Republicans want spending cuts. They’ll back down rather than risk a default. Biden won’t back down because he wants to borrow and spend 'til eternity.
Has 50 year Liberal Lifer Biden Ever Seen a Dollar He Couldn't Spend?
