Republican leaders in Congress, with the urging of Treasury Secretary Steve Mnuchin, are anxious to raise the federal borrowing limit from $19.8 trillion – no strings attached.
Learn How to Exploit the Gold Frenzy! The only hitch is those pesky conservative voters who were promised restraint by party leaders. GOP establishment hopes to quietly pass a ‘clean’ bill to raise the debt ceiling – a direct betrayal of that voter base – don’t currently enjoy enough support from other Republican members who still consider themselves accountable. So, a deal with the Democrats beckons.
Republicans technically have the power to finally honor the limit on borrowing by reducing spending. After all, Republicans control both Congress and the White House.
The last thing most Republican voters want is for McConnell and Ryan to start cutting deals with Nancy Pelosi and Chuck Schumer for a debt ceiling hike and MORE spending. But that may be exactly how this batch of sausage gets made. Watch for a coalition of big government Republicans and D
This post was published at GoldSilverWorlds on August 9, 2017.
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