On the outside chance that House Republicans are able to wrangle President Joe Biden into cutting federal spending to set a new debt ceiling, lawmakers need to understand that it will have been all for naught unless they take this opportunity to better prepare the country for the next economic…
House Speaker Kevin McCarthy of Calif., looks on after President Joe Biden delivered the State of the Union address to a joint session of Congress at the U.S. Capitol, Tuesday, Feb. 7, 2023, in Washington. into cutting federal spending to set a new debt ceiling, lawmakers need to understand that it will have been all for naught unless they take this opportunity to better prepare the country for the next economic crisis.
As it did with COVID-19, the federal government used the 9/11 terrorist attacks and the financial meltdown of 2008, both of which should have been temporary crises, to permanently expand its size and role. Both sides of the aisle are responsible for this.
Now is the time to sidestep the Left’s traps and instead grant future generations the freedom to manage their own economic crises and spending.
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