With the national debt approaching $29,000,000,000,000 ($29 trillion), it is time to revisit raising or suspending the debt limit.

Once again, on December 15, 2021, the artificial deadline for raising the debt limit is fast approaching. House Speaker Nancy Pelosi (D-CA) and Senate Majority Leader Chuck Schumer (D-NY) are being whipped into a frenzy because the House and Senate appear to be in play during the 2022 mid-term election cycle and a power shift is both likely and imminent. If history guides GOP monetary policy, House Minority Leader Kevin McCarthy (D-CA) and Senate Minority Leader Mitch McConnell (R-KY) will cave – after feigning a fight in the democrat-controlled media.

The only real question is, can the GOP sacrifice enough retiring or safe-district GOP members – especially those who are already hated RINO (Republican In Name Only) aisle-hoppers – to allow a Democrat victory?

Why raise the debt limit?

(1)  All current spending has already been covered, and raising the debt limit only enables future spending.

(2)  Most budgetary increases are formulaic and unnecessary.

(3)  There is enough pork, waste, fraud, and abuse to provide additional funds for emergency purposes. Witness the fraud in the unemployment system.

Preventable foreign-fraud schemes netted $175 billion, much of it going to governments

As the coronavirus pandemic raged, Uncle Sam was doing more than putting money in unemployed Americans’ pockets — the federal government was also shipping tens of billions of dollars overseas to fraudsters working with the country’s most prominent adversaries, such as China and Russia.

Haywood Talcove, CEO for LexisNexis Risk Solutions’ government division, says 40% of the more than $700 billion spent on unemployment went to fraudsters.

Most of that ill-gotten money — $175 billion of it — went to overseas actors. And most of that, perhaps $140 billion, went to organizations that are state-sponsored. <Source>

(4)  Time is running out for a Democrat House majority, and the progressive communist democrats need an increase in the debt limit to move their toxic communist agenda to destroy our nation forward.

(5)  While individual Republicans want more district-level pork-barrel spending to enhance their re-election campaigns for 2022, it is unnecessary given the current and growing dissatisfaction level with the progressive communist democrats.

Bottom line…

We are screwed if we do not hold the GOP responsible, collectively and individually, for its actions.

-- steve