Stupid way to run the world’s largest economy
Another last-minute deal. Another short term funding plan. Dumb.
Offering No Solutions
The House GOP is again going to play chicken with the US debt ceiling, saying they won’t go along with increasing the debt ceiling without balancing the budget.
They’ve rejected outright any tax increase. They also want to take funds away from the IRS, which the CBO projects will increase the deficit.
Various GOP factions have outright rejected any cuts to defense spending. Many reject cuts to entitlements like Social Security and Medicare.
The target then becomes discretionary domestic spending, with very popular programs such as farm subsidies, water programs, infrastructure, and more.
But to balance the budget by cutting only discretionary domestic spending would require cutting 85% of that spending.
So far there’s no solution offered up, let alone one that will pass the Senate and White House.
So we’re left with what… magic thinking? Or the favorite response when they don’t know what to do, thoughts and prayers.
