Debt Ceilings and Spend-Thriftiness

One hundred and three House Republicans have signed a letter committing themselves to never vote for a debt ceiling increase under any circumstances. Forty-six Senate Republicans have signed a substantially similar letter.  (Aside: the nine Republican Representatives and four Republican Senators should be asked why they’re not signing on.) The signatories

will not vote to increase the debt ceiling, whether that increase comes through a stand-alone bill, a continuing resolution, or any other vehicle.

Of course, Congressional Progressive-Democrats are in a snit over that. Their beef centers, amorally, on “You guys are spendthrifts, too!”

They say most of the spending that will cause a breach of the debt limit later this year was passed on a bipartisan basis before President Biden assumed office.
They also note that Republicans significantly increased the deficit when they were in power during the first two years of former President Donald Trump’s term….

True enough. Both parties are guilty of spending American taxpayers’ money like it’s all Modern Monetary Theory’s bottomless bank of monopoly dollars. That, however, is no excuse for continuing the fiscal—and national economic security—folly.

Progressive-Democrats are in control now, with a majority in the House and control of both the Senate and the White House.

Progressive-Democrats have, today and in the coming months, the political capacity to show that they’re not just a bunch of woke virtue signalers and to live the virtue they claim. Today and in the coming months, the Progressive-Democrats can adjust their spending ways to limit themselves to the existing debt ceiling.

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