Economy / FinanceJust In - ClassifiedNorth America

The Debt Ceiling ‘Debate’ is Only Political Theater, A Total NothingBurger


Every time the crisis charade over the Federal Government’s debt ceiling comes around, GCR Land gets inundated with “this is it” pontification about how the U.S.A. will go bankrupt (this time) and trigger the RV/GCR. The truth is, the whole debt ceiling remains a never-ending opportunity for both political parties to extract compromise from each other. The debt ceiling will be raised, just as it always has been. Instead of cutting government spending waste, they’ll agree to increase spending wasting taxpayer funds. The debt to GDP ratio is now at 126% and will continue to increase. At today’s FED interest…

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