Mark Levin addressed this on his radio show this week. I do not remember the numbers but he says that the USGov takes in 400 Bil per month and 40 of it goes to debt service. He stated the money is there to fund under current spending caps. He says they are asking to raise the debt limit to pay for Trumps overspending which is already budgeted. The fact is they want to raise it to pay for proposed spending that is inbound.
Agreed! I tried quickly to find a link as he explained the situation pretty well.
I don't always agree with him, but he does lay things out very well in my mind and I support his message exposing the hypocrisy's and corruption in our Government. He has a view of our forefathers intentions that I agree with.
Well, I could be wrong, but my understanding is that they passed a continuing resolution to authorize spending, but they haven't raised the debt limit and if they don't do that by Oct 18, there'll be no money available to spend.
Mark Levin addressed this on his radio show this week. I do not remember the numbers but he says that the USGov takes in 400 Bil per month and 40 of it goes to debt service. He stated the money is there to fund under current spending caps. He says they are asking to raise the debt limit to pay for Trumps overspending which is already budgeted. The fact is they want to raise it to pay for proposed spending that is inbound.
Agreed! I tried quickly to find a link as he explained the situation pretty well. I don't always agree with him, but he does lay things out very well in my mind and I support his message exposing the hypocrisy's and corruption in our Government. He has a view of our forefathers intentions that I agree with.
If they can't pass a working budget
But I heard that biden wrote some EO to avoid the govt shutdown idk if it's true.
Well, I could be wrong, but my understanding is that they passed a continuing resolution to authorize spending, but they haven't raised the debt limit and if they don't do that by Oct 18, there'll be no money available to spend.
I spoke with a friend of mine that works in that world. I called him as I was confused as well, this was exactly his explanation.
This is correct.
I heard biden wrote some EO or whatever to avoid the shutdown tho idk if it's true, it was on the MSM.