“Blessed are the young,” said Herbert Hoover, 31st president of the United States, “for they shall inherit the national debt.” Hoover’s witty mangling of Matthew 5:5 still gets a laugh today, just as it surely did when he made the wisecrack in 1936.
debt ceiling
House GOP Passes Bill To Raise Debt Limit and Cut Spending Opposed by The White House
House Republicans on April 26 voted to pass House Speaker Kevin McCarthy’s legislation to raise the debt ceiling through 2024 and cut government spending, but the bill is seen as dead on arrival in the Democratically-controlled Senate and is opposed by the White House.
