Monuments Vanish

The White House is pushing for Congress to eliminate the national debt limit, arguing it is a politically manufactured crisis that harms the American economy. They contend the debt limit, which restricts the amount the government can borrow to pay existing obligations already authorized by Congress, has been weaponized for political leverage, leading to unnecessary economic instability. The White House highlights the negative consequences of past debt limit standoffs, including near-defaults and government shutdowns, which have shaken global confidence in the U.S. and driven up borrowing costs for taxpayers. They argue that repeatedly raising or suspending the debt limit creates uncertainty and hinders long-term economic planning. Instead of raising or suspending the debt limit each time it is reached, the White House proposes its permanent elimination. They assert that Congress should focus on responsible fiscal management and making sound budgetary decisions, rather than using the debt limit as a bargaining chip. This position contrasts sharply with Republican demands for spending cuts in exchange for raising the debt limit. The White House maintains that paying the nation’s bills is a fundamental responsibility and should not be subject to political gamesmanship. They emphasize that the debt limit has become a recurring source of economic risk, and its elimination would promote greater stability and predictability for the American economy. The administration is actively engaging with Congress to advocate for this change. find the original article here: https://www.yahoo.com/news/white-house-says-eliminate-national-152212292.html