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Congress Must Raise the Debt Ceiling
Jean Ross writes about why Congress must raise the debt limit.
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The federal government will soon run out of the funds it needs to pay its bills.
The federal government routinely borrows money to pay the ongoing costs of operating the government – paying for Social Security and Medicare, ensuring that our food supply is safe, and paying federal workers and the businesses that sell goods to the government to support our public investments. However, a special law – the debt limit – caps the amount of money that the U.S. Department of Treasury is allowed to borrow, and Congress must soon act to increase that limit.
The above excerpt was originally published in La Opinion. Click here to read the article.
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