The US is addicted to debt. In spite of the fact that unsustainable debt inevitably leads to disaster, we may be far too far down the road to ruin to stop it now.United States Representative Marjorie Taylor Greene (R-Georgia) is demanding that Republicans refuse to raise the debt ceiling and shut down the government if they retake control of Congress after the midterm elections.
During a Saturday appearance on twice-convicted felon Steve Bannon's War Room: Pandemic on Real America's Voice, Greene wrongly claimed that the debt limit is tied to federal spending. It is an arbitrary cap on borrowing money to cover expenses that the government has already incurred. Failing to authorize an increase could result in the US defaulting on its debts. Such a scenario would have an enormously destabilizing impact on the global economy.
But that is not what Greene wants her right-wing supporters to believe.