If Republicans take control of the House in next month’s midterms, they will refuse to raise the debt ceiling unless Democrats agree to spending cuts to domestic programs, possibly including Social Security and Medicare, according to recent interviews with House GOP leaders.
news.yahoo.com
entitlements mean Medicare and SS retirement to the GOP, medicare and ss are on the chopping block.
During a debate over raising the debt ceiling last year,
Moody’s Analytics estimated that the damage could be up to 6 million jobs lost and a stock market decline that could eliminate $15 trillion of household wealth.
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The debt limit was quietly raised three times during Donald Trump’s term, even though the national debt
increased $7.8 trillion during his tenure.