Debt, debt, and more debt:
The federal government is set to reinstate its borrowing limit, and a new analysis indicates that it will be a record-high $22 trillion — and then, it won’t provide enough money to fund the government past summer.
The shocking number, however, is only slightly higher than the current actual debt of some $21 trillion.
The ceiling has been in suspension and the debt has grown under President Trump. It is set to be reinstated on March 2, 2019.
A new Bipartisan Policy Center estimate suggests that the new limit will be $22 trillion, assuming no action is taken by lawmakers before that time.
The BPC analysis said: “Treasury will be able to fully fund the government until at least mid-summer 2019 by using extraordinary measures, cash-on-hand, and incoming cash flow. But costs to taxpayers will start earlier from factors associated with reaching the debt limit such as higher interest rates on U.S. Treasury securities.”
Through mid-Summer, 2019… That’s with the GOP at the helm, BTW. Dems, preparing to raid Congress, are calling for – wait for it – more gun control!!!
Democrats say they will pass the most aggressive gun-control legislation in decades when they become the House majority in January, plans they renewed this week in the aftermath of a mass killing in a California bar.
Their efforts will be spurred by an incoming class of pro-gun-control lawmakers who scored big in Tuesday’s midterm elections, although any measure would likely meet stiff resistance in the GOP-controlled Senate.
Democrats ousted at least 15 House Republicans with “A” National Rifle Association ratings, while the candidates elected to replace them all scored an “F” NRA rating.
“This new majority is not going to be afraid of our shadow,” said Mike Thompson, a California Democrat who is chairman of the House Gun Violence Prevention Task Force. “We know that we’ve been elected to do a job, and we’re going to do it.”
More like doing a number than a job, really. So, with all the money flying away and the thugs coming for your gat … just relax with some happy social media to beat the blues. Oh, wait.
The link between the two has been talked about for years, but a causal connection had never been proven. For the first time, University of Pennsylvania research based on experimental data connects Facebook, Snapchat, and Instagram use to decreased well-being. Psychologist Melissa G. Hunt published her findings in the December Journal of Social and Clinical Psychology.
Well, at least Big Social doesn’t spy on you. Oh, wait…