The U.S. national debt is already more than $22 trillion, but Congress may raise the debt ceiling again this month. This is what The Hill is reporting:
House Speaker Nancy Pelosi, D-Calif., on Tuesday didn’t rule out voting on a debt limit increase before the August recess, though she indicated the need to raise the discretionary spending caps for fiscal 2020 is still an integral part of the discussions.
“Let’s see how the conversations go,” she said. “We certainly do not want any thought of default on the part of the full faith and credit of the United States of America. That’s never been what we’ve been about, but there are those on the Republican side who have embraced that again and again.”
It’s time for some fiscal sanity in Washington. Congress should reject another debt ceiling increase and actually cut spending.