The debt ceiling doesn’t reduce debt — it just creates one hostage situation after another, as Americans just learned the hard way.
by Karen Dolan, OtherWords
The Fiscal Responsibility Act of 2023, the debt ceiling deal President Biden signed into law recently, served its primary purpose: avoiding default on our nation’s debt, which would have plunged the economy into chaos.
President Biden also repelled the worst of the House Republicans’ demands, which included slashing social programs and government services by 60 percent. That would have utterly devastated everything from Head Start and Pell Grants to job training, housing and nutrition assistance, and even air traffic safety.
So talking points from the White House paint the bipartisan deal as a victory for ordinary people. But that isn’t the whole story.
The bill will still cut or freeze many programs that were already underfunded by the last debt ceiling drama in 2011 — even as it increases military spending by a whopping $28 billion, bringing the Pentagon to a shocking 56 percent share of the budget Congress sets each year.
Recent Posts
The Terrorists Are Running The U.S. Government
Take Action Now Trump seems like a random spasmodic imbecile, but what we are seeing is an extension of the ongoing, centuries-long shifting of power…
Elon Musk Decimated The Government And Saved Almost Nothing
Take Action Now Elon Musk’s cuts may have “saved” the public less than half a percent of the national debt, but they are already making Americans…
Will Corporate Media Call Out A Constitutional Crisis?
Take Action Now Corporate media is failing to rise to the moment and give an honest accounting of the damage being done to our Democracy.By Ari…
‘We Had To Fight’: Jamaal Bowman And Cori Bush Talk AIPAC
Take Action Now The two former members of Congress pull back the curtain on US politics to discuss lobbying, corruption, and more.By Team Zeteo,…