The Debt Disaster
By TERENCE P. JEFFREY Democratic President Joe Biden and Republican House Speaker Kevin McCarthy — both of whom are career politicians — made a deal this past week. They agreed to let the federal debt increase without any limit whatsoever until January 1, 2025.For career politicians that date has special significance: It is after the 2024 elections, but before whomever wins those elections takes office.It is a date designed to minimize debate over the debt in the days leading up to the election.Republican Cong. Michael Cloud of Texas spoke to this point at a press conference the House Freedom Caucus held on Tuesday, May 30. “When we put a debt ceiling out there, we don’t even have the courage to…Continue Reading