Brace yourself. Section 401(a)–
“Sec. 401. Temporary Extension of Public Debt Limit.
(a) In General. — Section 3101(b) of title 31, United States Code, shall not apply for the period beginning on the date of the enactment of this Act and ending on January 1, 2025″.
Wait a minute. No specific dollar limit on federal public debt, or how much it can be raised, beginning on the day when this law passes (if it does), and ending on 1 January 2025? The ending day is even more of a con — it is after the 2024 general election for a president and some members of Congress!
We should now look at the section of the United States Code that “shall not apply” for a debt limit .
“Section 3101. Public debt limit
“(a) In this section, the current redemption value of an obligation issued on a discount basis and redeemable before maturity at the option of its holder is deemed to be the face amount of the obligation.
“(b) The face amount of obligations issued under this chapter and the face amount of obligations whose principal and interest are guaranteed by the United States Government (except guaranteed obligations held by the Secretary of the Treasury) may not be more than $14,294,000,000,000, outstanding at one time, subject to changes periodically made in that amount as provided by law through the congressional budget process described in Rule XLIX [See Editorial Notes: References in Text] of the Rules of the House of Representatives or as provided by section 3101A or otherwise.”
This law in the U.S. Code sets the debt limit at $14.294 trillion dollars. But the Treasury Department says that as of 26 May 2023, the debt held by the public is $24,635,928,951,197.20, and the total public debt outstanding (including intragovernmental holdings) is $31,464,942,311,540.05. That is a lot more than $14.294 trillion .
How did that happen? To figure it out, we need to scroll down the Internet webpage of Title 31, section 3101 into the editorial notes, because 3101 was last amended on 2 August 2011, during former president Barack Obama’s first administration.
Under “statutory notes and related subsidiaries”, below the list of amendments to 3101 from 1983 to 2011, we see “temporary debt limit extension”. That label tells us about raises in the debt limit from 16 December 2021 down to 15 February 2014. Then, scrolling down further, we come to a different name, “default prevention”, which is for 17 October 2013. Below that is another name, “temporary suspension of debt ceiling”, for 4 February 2013. Each one of these changes was done by a Public Law passed by Congress, but they did not become a formal amendment to Title 31, section 3101, of the U.S. Code.
Thus, to find out what your “representatives” in Congress are doing with the so-called public debt limit, you have to look for laws that were not incorporated into the U.S. Code after they were passed and signed as a Public Law.
Some people might say that what are claimed to be spending limits for some items in the bill will restrict the debt ceiling from going above a specific amount. But I have not seen anyone prove it by specific numbers, language in the bill and in other federal law, and under Congressional rules of procedure. And there are no words in section 401 that in any way restrict a rise in the public debt.
You can now see what a huge scam this is.
The word at the present time is that a final vote on whether the bill will pass is set for around 8:00 p.m. eastern time tonight, 31 May 2023.
 House Resolution 3746, filed on 29 May 2023.
 Title 31, U.S. Code, section 3101.