Admittedly, Republican rhetoric has long exceeded Republican policy when it comes to spending restraint.
The word "Debt" does not appear in the platform.
Aside from a throwaway line about "Slashing wasteful Government spending," there is nothing in the document to suggest Republicans care about fiscal prudence.
If conservatism is about conserving our founding principles, the GOP's abandonment of spending restraint is one of the most anti-conservative policy shifts in a generation.
Our central bank wanted to stabilize the market for government debt.
To this end, it bought more than 50 percent of the newly created government debt, and paid for that debt with newly created money.
The percentage of federal expenditures on debt service has sharply increased since the COVID crisis.
Interest payments now suck up more of the federal budget, leaving less to spend on important political priorities.
Finally, excessive debt is a national security threat.
That's feasible for a nation with low debt levels.
These Freedom Conservatives declared that misguided government policies were making "Food, shelter, health care, and energyunaffordable to many Americans." They also recognized "Skyrocketing federal debtis an existential threat to the future prosperity, liberty, and happiness of Americans." This is the correct approach to deficits and debt.
https://www.aier.org/article/theres-nothing-conservative-about-deficits-and-debt/
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