With the Federal budget allegedly in balance, the Republican (fascist/socialist) 42nd counterfeit CONgress (elected in accordance with the fraudulent 17th amendment) passes the Balanced Budget Act of 1997, raising the national debt limit from 5,500,000,000,000 to 5,950,000,000,000 “dollars.”
Question: If the Federal treasury was running a surplus, why was it necessary to raise the debt limit?
NOTE: So much for conservative Republicans!
[added 10/18/2025]
Subsequent Events:
Authority:
“Law of the Jungle”
ccc-2point0.com/preface
References:
Balanced Budget Act of 1997, 111 Public Statutes at Large 251, 658 (1997).
http://fpc.state.gov/documents/organization/105193.pdf
fpc.state.gov/documents/organization/105193.pdf
Table 7.3—Statutory Limits on Federal Debt: 1940–Current
www.whitehouse.gov/omb/budget/Historicals
Current U.s. National Debt:
