The following excerpt is from an article that originally appeared on Liberty News Now
Senate Majority Leader Mitch McConnell’s latest bill is attempting to end the concept of the “debt ceiling” for good.
In an interview with “The New Washington” on Monday, McConnell revealed that provisions in his current debt ceiling bill would free the government from having another debt ceiling fight this year, and push the next consideration into late 2018. McConnell noted that, “Since I was in charge of drafting the debt ceiling provision that we inserted into the flood bill we likely — almost certainly — are not going to have another debt ceiling discussion until well into 2018.”
He insisted, even the face of Democrat’s strident opposition, that his bill will pass. These key provisions would grant the Treasury more power to extend the limits of federal borrowing, by shuffling money more freely between differentpost was originally published on this site