There Is A Real Plan

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On Tuesday, Breitbart posted an article about the Republican plan to deal with the debt ceiling.

The article reports:

The Congressional Budget Office (CBO) said in a report released on Tuesday that the Limit, Save, Grow Act would reduce the deficit by $4.8 trillion over the next ten years.

That is a really good idea.

The article explains:

The CBO report found that the debt limit plan would drastically cut the growth of spending between 2023 and 2033. The nonpartisan analysis agency found:

  •  The bill’s cap on discretionary funding would result in savings of $3.194.5 trillion over ten years
  • Scrapping energy tax credits would save $569.5 billion
  • Reducing funding for the IRS would save $119.7 billion
  • Implementing work requirements [for] Medicaid, Temporary Assistance for Needy Families (TANF), and the Supplemental Nutrition Assistance Program (SNAP) would save $120 billion
  • Rescinding funding for unspent coronavirus aid would save $29.5 billion
  • Requiring the Department of the Interior (DOI) to conduct oil and gas leases would save $3.4 billion

House Republican leadership hopes to pass the debt limit bill this week to pressure President Joe Biden and Senate Democrats to negotiate a debt ceiling compromise.

As the debt ceiling deadline, likely in June, looms ever closer, battleground Democrats continue to fret over the president’s refusal to continue negotiating with McCarthy over a long-term deal.

I honestly don’t know if Democrats have any incentive to work with Republicans on this. Most Americans won’t even notice the debt ceiling unless the government shuts down. At that point the media will make it look like the shutdown was the Republicans fault. We need to stop raising the debt ceiling, but no one is willing to take the political hit that would be the result of doing that. Until Americans are properly schooled on the impact of our ever-increasing debt, I think this is a losing battle for Republicans. They should probably fight a debt ceiling increase for moral reasons alone, but unless the public can be educated, the Republicans will not succeed here.