How much money does the Federal Government take in? Think of all the different ways they take in money. That is still not enough? You don't get $30 Trillion in debt with REAL Americans looking out for the rest of us. By the way, how do you rack up $30 trillion in debt when you print your own money? Who exactly do you owe and how?
Senator Joe Manchin (D? – WV) got up and left in the middle of Senate Majority Leader Chuck Schumer’s victory lap on the agreement to raise the debt ceiling until December. Watch:
“Leader McConnell and Senate Republicans insisted they wanted a solution to the debt ceiling, but the Democrats must raise it alone by going through a drawn-out, convoluted, risky reconciliation process,” Schumer said while Manchin held his head in his hands.
“That was simply unacceptable to my caucus,” Schumer continued. “And yesterday, Senate Republicans finally realized their obstruction was not going to work.”
“I thank, very much thank, my Democratic colleagues, for showing our unity in solving this Republican-manufactured crisis,” he added.
“Despite immense opposition from Leader McConnell and members of his conference, our caucus held together and we pulled our country back from the cliff’s edge that Republicans tried to push us over,” he continued.
“This is a temporary but necessary and important fix,” Schumer said, as Manchin shook his head and mouthed some indecipherable words to someone in the room.
The Senate voted to extend the nation’s debt limit through early December on Thursday night. The House now has to approve the extension before it is sent to President Joe Biden for his signature.
After the Senate hearing, Manchin talked about the impending December debt-limit hike decision:
(post is archived)