Congress has cleared the way for a $2.5 trillion increase to the debt ceiling. The New York Times reported that the move would kick the can down the road on a potential default and allows the government to borrow to meet its obligations until after the 2022 midterms. The measure now goes to President Biden’s desk.
Say, do you think all this borrowing and spending has anything to do with the biggest consumer price increases in more than three decades? Or is there something else behind both of those occurrences? Get the socionomic take when you watch ““The Great Resignation, Bare Shelves and Rising Prices — What the Heck is Going on With the Economy?”
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