Easy to spend other people’s money while they have it!!! The real problem comes when they do not have it!!
By Richard Stern ~
President Joe Biden and Speaker Kevin McCarthy, R-Calif., announced a debt limit deal Saturday, with a vote expected Wednesday in the House of Representatives.
President Joe Biden shakes hands with House Speaker Kevin McCarthy, R-Calif., before his State of the Union address in February at the U.S. Capitol in Washington, D.C. (Photo: Jacquelyn Martin-Pool/Getty Images)
Heritage Foundation experts scrutinized the text of the 99-page bill, including provisions related to spending, pro-growth policies, student loan cancellation, and work requirements for welfare. The following is their latest analysis of the Fiscal Responsibility Act.
Spending
Early in the year, The Heritage Foundation called for total base discretionary spending to return to fiscal 2022 levels—a cut from current levels of around $130 billion. Whereas the House Republicans’ Limit, Save, Grow Act hit that mark, the Fiscal Responsibility Act would only cut discretionary spending by $12 billion in fiscal…
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whatyareckon 