We Hit the Debt Ceiling Months Ago. Nobody Cared.

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Here’s another quick reminder for everyone: It’s not true that we’ll hit the debt ceiling on October 18. We’ve already hit it. This happened first on December 31 of last year, and then, after a few months of legislative maneuvering, again on May 19. The Treasury Department has been taking extraordinary measures—withholding payments to pension funds, taking money from the Exchange Stabilization Fund, etc.—to keep the government running ever since.

I only mention this to illustrate how far things have degenerated. Nobody even cares about actually breaching the debt ceiling anymore. We did that months ago, and it was just a date on the calendar. It’s only when the Treasury has exhausted its ability to rob Peter to pay Paul, with all the attendant chaos this produces, that we’ve “really” hit the debt ceiling. Welcome to the new normal, courtesy of the Republican Party.

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LESS DREADING, MORE DOING

This is the rubber-meets-road moment: the early days in our first fundraising drive since we took a big swing and merged with CIR to bring fearless investigative reporting to the internet, radio, video, and everywhere else that people need an antidote to lies and propaganda.

Donations have started slow, and we hope that explaining, level-headedly, why your support really is everything for our reporting will make a difference. Learn more in “Less Dreading, More Doing,” or in this 2:28 video about our merger (that literally just won an award), and please pitch in if you can right now.

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