SNAP

The US government reached its debt limit of $31.4 trillion in early 2023. This unleashed a deluge of debate as to whether or not the Treasury was going to default, and how a deeply divided Congress could come to an agreement to raise the debt ceiling. The constant chatter in the mainstream corporate media overlooked the real controversy, however. The reality is that practically no one in Washington truly cares about the US national debt. In fact, in a bipartisan deal negotiated in late May to raise the debt ceiling, Democratic President Joe Biden and Republican Speaker of the House of Representatives Kevin McCarthy agreed not to cut but rather to increase the already massive military budget from roughly $800 billion to $886 billion.