Janet Yellen, Democrats peddle pending-default lies, yet again

The Treasury secretary’s open letter to House Speaker Nancy Pelosi on Tuesday oozed dishonesty.

YELLEN WARNS FEDERAL DEBT CEILING WILL BE REACHED BY DEC. 15

“While I have a high degree of confidence that Treasury will be able to finance the U.S. government through December 15,” Yellen wrote, “there are scenarios in which Treasury would be left with insufficient remaining resources to continue to finance the operations of the U.S. government beyond this date.” 

FILE PHOTO: Treasury Secretary Janet Yellen attends the House Financial Services Committee hearing in Washington, U.S., September 30, 2021. Al Drago/Pool via REUTERS/File Photo

FILE PHOTO: Treasury Secretary Janet Yellen attends the House Financial Services Committee hearing in Washington, U.S., September 30, 2021. Al Drago/Pool via REUTERS/File Photo (Al Drago/Pool via REUTERS/File Photo)

Yellen then begged for what the Big Government Left craves like junkies coveting syringes. “To ensure the full faith and credit of the United States, it is critical that Congress raise or suspend the debt limit as soon as possible.” 

Yes, more federal debt! Just what America needs as the rising tide of red ink nears $ 29 trillion and climbs ever skyward. 

U.S. Secretary of the Treasury Janet Yellen attends a ceremony to sign the "Infrastructure Investment and Jobs Act", on the South Lawn at the White House in Washington, U.S., November 15, 2021. 

U.S. Secretary of the Treasury Janet Yellen attends a ceremony to sign the “Infrastructure Investment and Jobs Act”, on the South Lawn at the White House in Washington, U.S., November 15, 2021.  (REUTERS/Leah Millis)

Yellen’s comments are not even new lies. They are cliches. “Everybody knows” that Treasury revenues are so tight that default looms, just over the horizon. The Left’s incessantly screamed rubbish has become received wisdom. 

And yet it is completely bogus. 

 

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