On March 1 of 2019, the federal government bumped into its debt limit. Congress did not reset its self-imposed limit for several months. That forced Treasury Secretary Steven Mnuchin to use “extraordinary measures” to keep the government open and operating. However, after five months the Bipartisan Budget Act of 2019 was finally enacted, which allowed Congress to resume borrowing money until the middle of 2021, well after the 2020 elections. Taxpayers should be right grateful to Speaker Nancy Pelosi for her tireless efforts in putting them on the hook for another couple trillion dollars in debt. But hey, what’s a little additional debt compared to the federal government going into default? Democrat politicians and their proxies in the establishment media have blathered on and on for years about the possibility of the federal government’s “default.” But default is when you can’t service your debt, that is, pay the interest on your loans, and...(Read Full Article)