Debt Ceiling Discipline Is Good Medicine

Biden’s Treasury Secretary Janet Yellen forecasts a catastrophe if Republicans do not increase the debt ceiling, but average Americans seem unimpressed by Democrats’ demands for another blank check on runaway federal spending. New polling shows Trump easily defeating Biden in their expected matchup next year.

Debt ceiling discipline is good medicine for the illness that plagues the federal government. Holding the line on the debt ceiling would force those who profit most from our federal government to help end its irresponsible spending.It is difficult to see much value in the trillions of dollars being expended by the federal government annually as it has run up a $31.4 trillion national debt. That amounts to nearly $100,000 in debt for every man, woman, and child in America.The agenda of radical environmentalism is costing more than a trillion dollars a year in federal regulations, electric car subsidies, solar and wind energy boondoggles, and limits on cost-effective energy. Ending all that should be near the top of the demands by House Speaker Kevin McCarthy as he meets with Biden at the White House to discuss fiscal accountability.At first Biden indicated that he would not negotiate w …

U.S. National Debt

The current U.S. national debt: