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IPFS News Link • Government Debt & Financing

Calling Mitch McConnell's Debt Ceiling Bluff

• zerohedge.com by MN Gordon

Who could blame him?  His summer vacation's been ruined.  President Trump's been riding him all month like a pack mule.

What's more, on Monday McConnell had to rise early and put on his suit and tie like an ordinary working stiff.  While his Congressional cohorts were busy vacationing on their summer recess, McConnell had important business to tend to that couldn't wait until Congress' return on September 5.  Namely, he had to make a public display of unity in his home state of Kentucky with Treasury Secretary Steven Mnuchin.

Following a social media lambasting of a deplorable taxpayer by Mnuchin's new bride, and Mnuchin's visit to Fort Knox to confirm the "gold is safe," it was finally time to get down to business.  Together, McConnell and Mnuchin held hands and insisted the U.S. government will raise the debt ceiling and avoid defaulting on its debt.  McConnell even made the following declaration:

"There is zero chance — no chance — we won't raise the debt ceiling.  No chance," McConnell said.  "America's not going to default.  And we'll get the job done in conjunction with the Secretary of the Treasury."


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