The Debt Ceiling Battle is Serious!

Once again, Congress is playing with OUR Money!

What is the national debt ceiling? It is a legal restriction on how much money the federal government can borrow to pay its bills.

On January 19, 2023, America hit its technical Debt Limit or Debt Ceiling. The U.S. Treasury Department announced it is employing “extraordinary measures to manage our bills or debt. But the clock is ticking. And Treasury Secretary warns that the United States could run out of money to pay its bills by Jun 1 if Congress does not raise or suspend the Debt limit. 

Republicans who narrowly control the U.S. House of Representatives are threatening NOT to raise the Debt limit unless Democrats agree to spending cuts.

What cuts do Republicans want?

I have two documents to share. One is the Republican What’s in the GOP “Limit, Save, Grow Act?  

The other is a letter from The Department of Veteran’s Affairs, which outlines how harmful the GOP Proposal will be to Veterans’ Programs.