Re: Sign if you agree: Let's never have a debt limit crisis AGAIN

Friend, we have averted Fiscal Armageddon for now because Congress passed the [debt limit deal](. But we'll be back in the same place in January 2025. [Sign the petition to President Biden and Congress. No more debt limit crises. We need reform that will fix this crisis for good.]( [Sign the petition]( It's outrageous that MAGA Republicans can hold our economy hostage, just so the federal government can pay its existing obligations. Remember that the debt limit is not about accumulating more debt or spending: it's just a mechanism to pay the bills it already owes. Most countries don't even have a "debt limit," and for good reason. These decisions need to be made through the normal budget process, and if spending is legally approved then the obligations must be paid—either through taxes or borrowing. The 14th Amendment to the U.S. Constitution even says that the validity of our public debt "shall not be questioned." [Sign the petition to President Biden and Congress: We need debt limit reform NOW.]( [Sign the petition]( Keep fighting, Paul Hogarth, Daily Kos P.S. Below is an email we sent you on this last week. --------------------------------------------------------------- Friend, [sign the petition to President Biden and Congress: No more debt limit crises. It is time that we fix it for good.]( [Sign the petition]( Once again, extremist Republicans used the threat of defaulting on our nation's debt. The deal that President Biden struck with GOP House Speaker Kevin McCarthy could have been a lot worse, but in the end we still got: - Cuts to Food Stamps to some groups [without saving real money]( - Expedited permits for a [gas pipeline]( that will harm the environment - [Cuts to IRS funds]( meant to catch wealthy tax cheats and ensure they pay their fair share All to ensure that the U.S. government can pay its existing debts between now and January 2025, when the debt limit will have to be renegotiated to avert a catastrophic default. [Sign the petition: Never again. We need serious debt limit reform before Republicans play this game again in less than two years.]( [Sign the petition]( Most countries [do not have]( a so-called "debt limit." If spending is legally authorized through the regular budget process, these countries assume necessary funds will be made available—either through taxes or borrowing. Denmark is the only other industrialized country [with a debt limit](, but they set it so high that it never becomes the political football that we see here. Australia briefly had a debt limit, but they repealed it [after five years]( because it became an unnecessary distraction (like what happens in the United States.) Budget priorities must be made through the regular process—not behind closed doors, as one side threatens fiscal Armageddon. Congress must pass legislation that would [either eliminate the debt limit](, or like Denmark, set a limit that could likely never be reached. And of course, President Biden [must be ready]( to invoke the 14th Amendment if necessary. [Sign the petition: No more debt limit crises. Fix it for good.]( [Sign the petition]( Keep fighting, Paul Hogarth, Daily Kos Before you leave, can you do one more thing? 2023 has been a hard financial year for Daily Kos. Donations of just a few dollars from our readers and activists helps us pay the bills. Please support progressive news and activism by making a donation of $5 today. [Donate $5]( If you wish to donate by mail instead, please send a check to Daily Kos, PO Box 70036, Oakland, CA, 94612. Contributions to Daily Kos are not tax deductible. Sent via [ActionNetwork.org](. To update your email address, change your name or address, or to stop receiving emails from Daily Kos, please [click here](.