The biggest peril of the Biden-McCarthy budget deal is spawning the illusion federal spending is under control.
Both President Joe Biden and Republican congressional leaders can claim victory and lull Americans into believing rising national debt is no longer a deadly financial peril to their future.
But there is a better way.
This debt-ceiling raise is another profound failure of the DC political class that perpetually spends trillions of dollars it doesn’t have.
Rep. Chip Roy (R-Texas) condemns the deal: “No one sent us here to borrow an additional $4 trillion to get absolutely nothing in return.”
Rep. Nancy Mace (R-SC) laments that “government [spending] grew 40% or by $2 trillion from 2019 to 2023.”
Many Republicans complain the agreement locks in higher COVID-era spending levels.
The deal suspends the debt ceiling until January 2025.
Considering politicians’ reckless spending proclivity, this sounds like a St. Augustine “solution”: “Lord, give me chastity and self-control — but not yet.”
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