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In-person Mobile Office Hours Tuesday, September 24, 2024 Collier County 11:00am – 1:00pm EDT Immokalee Library 417 N 1st St. Immokalee, FL 34142 Click Here Jefferson County 3:00pm – 4:30pm EDT Monticello – Jefferson County Chamber of Commerce 420 W. Washington St....
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Forced labor is used around the world, particularly in the People’s Republic of China where the government continues to brutally repress Uyghurs and other ethnic groups from the Xinjiang Uyghur Autonomous Region (XUAR). The U.S. must remain firm in its unwavering...
U.S. Sen. Marco Rubio, R-Fla., said Wednesday that a proposal in Congress to raise the nation’s debt ceiling past $14.3 trillion would be “catastrophic.”
Rubio, speaking at the Council on Aging’s River House, told 400 supporters that the U.S. economy is no longer growing.
“Why? The national debt is casting a dark pall on our future,” he said. “Our government is spending about $1 trillion more than it takes in. People figure out pretty quickly that this is unsustainable.”
But there’s no “magic bullet” or single action to take, he said.
“There are a lot of things we can do,” he said. “First, we need to share with our creditors that we have a plan. We don’t know when, but the crisis will come. Our debt limit is $14.3 trillion. We’ll reach that before the end of June.” He said the government needs to borrow more money to pay the interest on what it has already borrowed.
“That’s like getting a second credit card to pay the interest on the first,” he said.
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