The debt limit is the total amount of money that the US government is authorized to borrow to meet its existing legal obligations, including social security and medicare benefits, military salaries, interest on the national debt, tax refunds, and other payments!
The debt limit does not authorize new spending commitments. It simply allows the government to finance legal obligations that Congress and the President did not budget for correctly or honestly in the first place! The interest on this debt will shortly become the #1 largest budget item in the federal budget!
And that is all I’m going to say about that!
Drain the Cesspool 