If you listen to Treasury Secretary Janet Yellen or President Joe Biden, it sounds like the country will implode if Congress fails to raise the debt ceiling in a couple months. But Biden’s words don't match his actions.
He says hitting the debt limit is an existential threat. But by refusing to meet and negotiate with congressional leaders to discuss it, the Biden administration comes closer to bringing about the very crisis they claim they’re trying to prevent.
Even if it seems Biden isn’t paying attention to the debt ceiling and government borrowing, Americans should be concerned. The runaway inflation of the past few years is a natural consequence of the unchecked government spending.
