Commentary Well that didn’t take long. Back in November 2021, as the national public debt was hovering around its hard limit of $28.5 trillion, Treasury Secretary (and former Fed Chair) Janet Yellen took Congress to Defcon 1: “While I have a high degree of confidence that Treasury will be able to finance the U.S. government through December 15 and complete the Highway Trust Fund investment, 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.” The United States government would not be able to pay its bills. Dutifully, congressional leaders cut a deal to raise the debt ceiling another $2.5 trillion to roughly $31 trillion. On Feb. 1, the national debt officially crashed through the $3 trillion glass ceiling. Professional politicians, like Mitch McConnell, issued strongly worded letters before the Senate blaming Democrats for …