It's now or never on the debt limit

In Washington, the fight over the debt limit tops the list of bipartisan messes.

• Nearly half of the Senate Republican Conference has signed on to a letter to President Biden warning they will not vote for any bill to raise the nation’s debt limit unless it's connected to spending cuts to address the nation's $31 trillion debt.
• Mike Lee and Ted Budd, says it is the policy of the Republican conference that any increase in the debt ceiling must be accompanied by cuts in federal spending or "Meaningful structural reform in spending." "We, the undersigned members of the Senate Republican Conference, write to express our outright opposition to a debt-ceiling hike without real structural spending reform that reduces deficit spending and brings fiscal sanity back to Washington," the senators wrote. They cited the Prevent Government Shutdowns Act, which would automatically provide continuing appropriations to fund government if Congress fails to pass spending legislation by the end-of-year deadline, and the Full Faith and Credit Act, which would prioritize federal payments in case Congress doesn't raise the debt limit, as "Meaningful structural reform." "We do not intend to vote for a debt-ceiling increase without structural reforms to address current and future fiscal realities, actually enforce the budget and spending rules on the books, and manage out-of-control government policies," they wrote. In the meantime, it's important for the GOP to lay down some markers and understand that this may be the best time to make significant reforms to spending.

 

https://www.americanthinker.com/blog/2023/02/its_now_or_never_on_the_debt_limit.html