The article discusses the issue of national debt, which has surpassed $31 trillion in the US. The author states that the government’s repeated failures and both parties’ lack of seriousness about the budget, deficits, and debt have led to this situation.
Furthermore, the author highlights that President Biden missed the deadline to submit his budget proposal to Congress for the third consecutive year.
Additionally, the Congressional Budget Office’s report projects a bleak future for the federal budget in the next ten years. The author concludes by stressing that getting the fiscal house in order is crucial for national security, and delaying action can increase the risks.
Takeaways:
- The national debt has surpassed $31 trillion, 15 times larger than 1984.
- President Biden missed the deadline to submit his budget proposal to Congress for the third consecutive year.
- The Congressional Budget Office’s report paints a bleak picture of the federal budget for the next ten years.
- Delaying action to control the debt can lead to significant economic and financial consequences.
- It is essential to get the fiscal house in order to protect national security.
Commentary:
The article presents a Republican perspective on the issue of national debt, highlighting the government’s failures and Biden’s lack of action on this matter.
The author stresses the importance of taking action to control the debt and argues that delaying action can lead to serious consequences. The article appeals to the Republican voters to support a fiscal policy that promotes fiscal responsibility and controls spending.
The author suggests that Biden should start bipartisan negotiations with congressional Republicans to address this issue. Overall, the article reflects the Republican view that fiscal responsibility is crucial for national security, and Biden’s lack of action is a threat to the country’s economic well-being.