Ben Ritz, Director of the Progressive Policy Institute’s Center for Funding America’s Future, released the following statement in reaction to the United States officially hitting the debt limit:
“Maintaining the full faith and credit of the United States is a basic fiduciary duty of Congress that cannot be made subject to legislative haggling and horse-trading. We need to have a real conversation about bringing down inflation and the role excessive borrowing by the Federal Government played in making it worse, but that should be separate from agreeing to pay the bills policymakers have already incurred. PPI urges Congress to swiftly raise or suspend the federal debt limit and follow that up with serious bipartisan negotiations on a package of real reforms that fixes our unsustainable fiscal trajectory.“
Further Reading:
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