Two major issues that Congress will be forced to confront in the coming weeks and months are the debt limit and the future of the Budget Control Act discretionary spending caps.
A report from The Hill indicates that negotiations are underway between Congress and the Trump administration to combine a two-year budget caps deal with an increase or suspension of the debt limit.
For lawmakers, pairing an unpopular action, like raising the debt limit, with massive spending increases sweetens the deal.
Congress should debate the debt limit and new spending thoroughly and separately.
"Blueprint for Balance" would maintain the aggregate Budget Control Act caps for 2020-2021 by giving Congress the flexibility to prioritize defense spending without driving the country further into debt.
If lawmakers decide to amend the Budget Control Act, they must ensure that discretionary spending increases are fully offset by mandatory spending reforms.
Reaching the debt limit forces Congress and the president to confront the impact of unsustainable spending.
https://www.dailysignal.com/2019/05/21/skyrocketing-debt-too-important-to-be-paired-with-spending-deal/
A report from The Hill indicates that negotiations are underway between Congress and the Trump administration to combine a two-year budget caps deal with an increase or suspension of the debt limit.
For lawmakers, pairing an unpopular action, like raising the debt limit, with massive spending increases sweetens the deal.
Congress should debate the debt limit and new spending thoroughly and separately.
"Blueprint for Balance" would maintain the aggregate Budget Control Act caps for 2020-2021 by giving Congress the flexibility to prioritize defense spending without driving the country further into debt.
If lawmakers decide to amend the Budget Control Act, they must ensure that discretionary spending increases are fully offset by mandatory spending reforms.
Reaching the debt limit forces Congress and the president to confront the impact of unsustainable spending.
https://www.dailysignal.com/2019/05/21/skyrocketing-debt-too-important-to-be-paired-with-spending-deal/
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