Are you the kind of person who likes to spend $4 for every $3 you take in? If so, your financial management “skills” might qualify you to run for Congress. With people like that running the show, is it any wonder that interest costs on our national debt surpassed $1 trillion last year for the first time ever?
The Congressional Budget Office (CBO) review of the fiscal year that just concluded on Sept. 30 provides one of many reasons why Republicans should reject Democrats’ demands to end the “Schumer Shutdown” — namely, a permanent extension of enhanced Obamacare subsidies as part of $1.5 trillion in spending. While most Republican lawmakers won’t win any awards for fiscal rectitude, on this issue at least, they’re exhibiting the courage not to make a bad situation worse.