The Debt Ceiling Debate is a Massive Deception of the American Public 

The U.S. Congress has imposed successive ceilings on the national debt, each one higher than the last. Ceilings were intended to limit the amount of federal borrowing. But the same U.S. Congress so managed its taxing and spending that it created ever more excesses of spending over tax revenues (deficits). Those excesses required borrowing to cover them. The borrowings accumulated to hit successive ceilings. A highly political ritual of threats and counterthreats accompanied each rise of the ceiling required by the need to borrow to finance deficits.

Source: The Debt Ceiling Debate is a Massive Deception of the American Public – CounterPunch.org

‘MAGA Economic Sabotage’: 217 House Republicans Pass Debt Ceiling Bill With Harmful Cuts

“Republicans just passed a bill that would kill jobs, take away federal benefits for millions, and make everyday life for Americans more expensive,” said Rep. Pramila Jayapal. “This is completely unworkable.”

Source: ‘MAGA Economic Sabotage’: 217 House Republicans Pass Debt Ceiling Bill With Harmful Cuts

¬† GOP Accused of Plotting ‘Terrorist Attack on the Economy’

As Treasury Secretary Janet Yellen warned Friday that the United States is likely to reach its arbitrary borrowing limit next week, progressives denounced congressional Republicans for threatening to use a debt ceiling standoff to force cuts to popular federal programs including Medicare and Socia

Source: As Debt Ceiling Alarm Sounded, GOP Accused of Plotting ‘Terrorist Attack on the Economy’

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GOP Threatens to Hold Economy Hostage to Slash Climate Investments

In addition to threatening cuts to Social Security and Medicare, congressional Republicans are reportedly plotting to use the debt ceiling and an end-of-year clash over government funding to target popular climate investments approved in August as part of the Inflation Reduction Act.

Source: GOP Threatens to Hold Economy Hostage to Slash Climate Investments