Biden has actually cut spending...
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He has also increased Revenue as well... IT was the previous administration that was out of control who increased the deficit...
This hurts GOP, this show Democratic leadership works and they need to sabotage that quickly... Your hatred for Democrats has you blinded from facts that Democrats are far more fiscally responsibly than Republicans...
Now read this carefully this time.
Right told this before:
US credit rating is evaluated on their ability to pay... This is done generally by the Debt to GDP ratio....
All the shouts here for stop Debt ceiling raise or cut services drastically cut GDP... Massive drops that would shake confidence in the economy that will cause a generation of slow growth...
This will make the Debt to GDP ratio go higher, this will increase interest rates (dramatically).
It will also cripple the tax revenue coming in, which is used to service the debt.
So in the end they would do great harm to the US Economy...
The Debt Ceiling needs to be increased and should not be used by either side as a negotiating tactic, it is like dealing with a terrorist with suicide vest, willing to blow up everything to get what he wants...
US has a long history of not negotiating with terrorists...
So the question is :
Why are you trying to back the people(GOP) who have history of increasing deficits over the people(Dems) right now who are cutting them?
Please get away from your right wing media emotional comfort blanket and engage in facts.