Hotel lobby TV is on and there’s a financial expert telling people how to get out of debt by getting second jobs and deducting business expenses at home. I have a crazy idea: we could just pay people a living wage and have a reasonable tax code. But I’m no financial expert.
Today I voted to avoid a catastrophic and unprecedented debt default, which would devastate the financial future of El Pasoans. While today @HouseDemocrats averted a disastrous default, it is shameful that the @SenateGOP did not join us in finding a longer-term solution.
With regard to Japan, the financial position of the government and public debt is complex, as it faces the highest ratio of government debt to GDP in the world.
Fiscal responsibility means paying what you owe. That's why the House just passed a temporary extension of the public debt limit, so our country can meet the financial obligations we have already made. It does not authorize future spending, as some have falsely claimed.
Read full article at CNBC
13 October, 2021 - 08:01am
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