First, Congress should pass the bipartisan H.R. 3289 — Fiscal Commission Act, sponsored by Rep. Bill Huizenga (R-MI), Rep. Scott Peters (D-CA), and 41 co-sponsors. Such a commission would force a public reckoning with the facts, the trade-offs, and the hard choices that restoring fiscal health requires.
Second, Congress should call an Article V Convention limited to proposing a fiscal responsibility amendment to the U.S. Constitution. H.Con.Res. 15, sponsored by Rep. Jodey Arrington (R-TX), would do exactly that.
Ah, the classic conservative austerity play: set up a false dilemma where the only alternative to a fuddy collapse is punishing the non-rich until they die.
These yahoos are both from the Federal Fiscal Sustainability Foundation, which is a conservative Republican think tank with ties to ALEC. Nothing they say should be taken at face value. They only serve billionaire interests.
Yeah huge red flag when the only spending they’re highlighting is social security, Medicare, and wages.
“a $438.8 billion increase in federal employee and veteran benefits payable (now $15.47 trillion).”
I thought DOGE was supposed to save the U.S. all that?
Conservative debtslop
I don’t quite agree that the goal should be no debt.
Just like getting a loan to buy a house today pays out better over time, or getting an education loan works out better for everyone later, a nation going into debt makes sense.
It pays out better in the long run. In fact debt is one of the best exports we have. We take other peoples money to build infrastructure that accelerates growth, they get decent interest payouts.
I think there does need to be some reigning in of spending.
We shouldn’t operate on an unbalanced budget as a normal course.
Keep in mind it’s mostly republicans blowing up the debt- tax breaks for people who don’t need tax breaks. Wars against people who weren’t a threat. Bailouts to company’s that then use the cash for a stock buy back… funding Israel…. There’s a shit load of problematic spending but it’s always health care and education and social safety nets first.
Even without dollar hegemony, the USA is the issuer of dollars and could choose to print all of the money necessary to fully pay off their debt. They’re only interested in printing money to fund genocide, though.
