Dead Weight
An inhumane answer to methodically lower American debt and balance the budget.
Faced with one of the most difficult challenges to America’s burgeoning debt, our political representatives are faced with the daunting task of curbing the nation’s debt, while at the same time, tackling an imbalanced budget. How they are going about it is puzzling to me.
The Republican-controlled Congress recently passed the “Limit, Save, and Grow” act as a first salvo to President Biden and the Democrat-controlled Senate to come up with an alternative.
The Senate, led by Senator Chuck Schumer, has already announced the bill is dead on arrival, “DOA.” Instead, Senator Schumer has authorized a committee to investigate what the effects of the bill will cause.
Included in the bill, HR 2118, as reported by the Federal Register, is the following:
This bill increases the federal debt limit and decreases spending. It also repeals several energy tax credits, modifies the permitting process and other requirements for energy projects, expands work requirements for the Supplemental Nutrition Assistance Program (SNAP) and other programs, and nullifies regulations for the cancellation of federal student loan debt.
Specifically, the bill suspends the debt limit through March 31…
