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Despite the political grandstanding of the past two weeks, congressional leaders have once again overlooked the ticking time bomb of the debt ceiling. As Treasury Secretary Steven Mnuchin warned this month, unless Congress raises the debt ceiling before the August recess, the United States will default on its debts at the beginning of September, prior to the start of the new session.
After weeks of working hard at hardly working, Congress has decided to take a vacation. Sure, the border is broken. And yes, our $22 trillion in national debt is growing. All the while, the Social Security trust funds are about to run out. But why let these facts get in the way of a good time?
Democratic presidential candidates like Elizabeth Warren and Cory Booker have made inequality a central issue in the campaign. But their plans for minimum-wage hikes, wealth taxes and income-tax rates of 50% to 70% would restrain the economy and hurt all Americans. At least they have ideas. Republicans seem to have few of their own to boost the wealth of working- and middle-class people, ceding the debate to the Democrats and their ill designs.
WASHINGTON, D.C. -- In response to Rep. Thomas Massie’s (R-Ky.) motion to rename the “Bipartisan Budget Act of 2019” to “A Bill to Kick the Can Down the Road and for Other Purposes,” Jason Pye, FreedomWorks Vice President of Legislative Affairs, commented:
WASHINGTON, D.C. -- FreedomWorks and more than a dozen conservative organizations today have released a coalition letter in opposition to the "Bipartisan Budget Act of 2019," H.R. 3877. Jason Pye, FreedomWorks Vice President of Legislative Affairs, commented: