Debt Ceiling agreement

July 5, 2023by stevey0

We applaud the recent debt ceiling resolution which came out of the negotiations between President Biden and Speaker McCarthy. We avoided default on our debt. But this is not a complete solution and will necessitate more work on reducing the annual deficit after the 2024 election. An economic recession is still a real possibility because Americans have too much debt on their credit cards and wages have not caught up with inflation. Protecting Americans from a collapsing economy has to be job #1 for Congress.

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