Biden Signs Debt Ceiling Bill, Ending Monthslong Political Battle
• https://www.zerohedge.com by Lawrence WilsonPresident Joe Biden signed the Fiscal Responsibility Act on Saturday, suspending the debt ceiling for 19 months and bringing a monthslong political battle to a close.
The debt ceiling will never NOT be extended. Why not? It is the way that government people can borrow more money. Why do they want to borrow more money? Because they find ways to enrich themselves through the borrowed money. Besides, a duplicate amount of borrowed money goes immediately to the Fed, which sends it on to the owner(s) of the banking cabal. Then the money is repaid by IRS taxes, which also determines the amount that can be borrowed. Biden's beefing up of the IRS is his promise to the Fed that government will collect more private property from the people, at gunpoint, if necessary. This promise is part of the reason why the Fed is allowing the US to borrow more money, which is why the debt ceiling was allowed to be raised. It's a Ponzi that will fail when the IRS can't collect enough taxes to keep the loan repayments going.