Wimpy’s World: Yellen Says She Wants To Eliminate Debt Ceiling as an Issue

‘Very destructive’ is how she describes the limit Congress has placed on borrowing.

AP/Manish Swarup
Treasury Secretary Yellen, outside New Delhi, India, on November 11, 2022. AP/Manish Swarup

With Republicans planning to enforce the debt ceiling should they control the House of Representatives, Treasury Secretary Yellen wants to hike the limit so high that it won’t be hit until after the 2024 elections, ensuring President Biden’s orgy of inflationary spending continues. 

The New York Times wrote of the secretary’s position on the debt ceiling, “Ms. Yellen said she believes that Democrats, who will retain control of the House and the Senate through at least the end of the year, should eliminate it as an issue for the rest of President Biden’s term.”

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