CBO now projects that the national debt will exceed the size of the nation’s economy by the end of this fiscal year—just three short months away.
If Congress doesn’t have the willpower to regulate its spending—and year after year, it has proven that it doesn’t—then all of us as citizens must act, and hopefully vote, accordingly.
House Speaker Nancy Pelosi is determined to exploit this crisis for political gain, on the well-founded calculation that if Democrats ask Republicans to unleash a horde of locusts, they’ll agree to half the locusts.
Congressional salaries should be reduced every time a budget is passed with spending exceeding revenue, a firm cap on spending should be imposed, and entitlement reform should become an urgent priority.
Parents and grandparents who otherwise work hard to help their kids have no compunction about burdening them with endless budget deficits resulting in a crushing national debt.
Senate conservatives need to be tough on Jerome Powell. Bad policy choices at the Federal Reserve that he supports have been toxic for the blue-collar American worker.
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