Biden’s Latest Move Will Make YOU and Your Neighbors FURIOUS

Our nation is in crisis. The national debt has surpassed $31 trillion, and our public debt as a share of our economy is hovering around 100%. President Joe Biden and his administration have failed to take responsibility for the problem, despite repeated warnings of economic disaster.

The Biden administration has refused to entertain any discussion of the spending addiction that got us here. Instead, they tout a $1.4 trillion deficit as some kind of fiscal victory. This is unacceptable. It is time for action from all corners of government.

It is not just the Biden administration that is failing us. Congress routinely fails to perform its most basic budgetary functions. We haven’t debated any one of the 12 annual appropriations bills on the Senate floor in the past three years. This leaves us navigating 11th-hour government funding fiascos in the shadow of a shutdown.

Returning to fundamentals is a critical step in restoring fiscal sanity. We need to get serious about the budget, deficits, and debt. Appropriations Chair Sen. Patty Murray, D-Wash., and ranking member Sen. Susan Collins, R-Maine, have announced a commitment to regular order. The Senate Budget Committee should follow suit.

Republicans are eager to get to work. We must protect the full faith and credit of the United States, but if we don’t combine a debt limit increase with meaningful action on federal spending, we are destined to face the same challenge, only with fewer options next time.

Debt limit action is frequently paired with new budget controls, and Biden supported such strategies in the 1980s and ‘90s. There is no good reason to abandon that logic now.

Biden should begin bipartisan negotiations with Speaker Kevin McCarthy, R-Calif., and congressional Republicans in earnest. We owe it to the American people to move past the dysfunction.

Getting our fiscal house in order is not just an economic imperative but also a national security one. The longer we wait, the greater the risks. Government borrowing will increasingly crowd out private investment, leading to slower economic growth and lower wages.

A greater portion of Americans’ hard-earned tax dollars will be diverted away from government services to meet our debt obligations. Within a decade, interest on the debt will exceed what we spend on national defense. In 30 years, annual interest costs will eclipse the cost of Social Security and Medicare.

We need to act now before it is too late. Republicans are ready to take action and restore fiscal sanity to our government. Let’s work together to protect the future of our great nation.