COMMENTARY BY But Biden does not simply want a higher debt limit. He wants the limit to be “suspended” and unaccompanied by additional reforms. Key Takeaways President Joe Biden has called for an increase in the debt ceiling. The debt limit gives Congress the opportunity to strengthen the economy and to ensure that it remains resilient. Congress should strengthen the economy by pairing an immediate increase in the debt limit and pairing it with reforms that will reduce the projected deficit. President Joe Biden has called for an increase in the debt ceiling. To avoid another fight with Congress on the issue ahead of the 2024 elections, he would need lawmakers to boost the current ceiling by roughly $2.5 trillion. This would allow for total debt of about $34 trillion, or 130% of the economy. But Biden does not simply want a higher debt limit. He wants the limit to be “suspended” and unaccompanied by additional reforms. Congress should reject Biden’s bid and instead use the debt limit to strengthen the economy. The debt limit was last suspended by Congress from August 2019 until July 2021. Over those 23 months, total federal debt increased by approximately $6.4 trillion, or […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
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