Technically America won’t run out of money until June. That leaves a little bit of time to negotiate the debt ceiling. The Republican Study Committee has a few suggestions as to what is needed in order for Republicans to agree to raise the debt ceiling. As much as I hate to see the debt ceiling raised again, I like their suggestions.
The Washington Examiner posted an article listing their demands:
Here is the list:
The seven demands are quoted below:
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- Reverse recent increases in overall discretionary spending and institute statutory limitations on annual discretionary spending levels.
- Enact a package of inflation-busting reforms to increase domestic energy capacity and reduce associated regulatory and permitting barriers.
- Fight inflation and the onset of a Democrat-induced recession by ending the national COVID-19 emergency, increasing workforce participation, advancing targeted, paid-for, pro-growth tax policies, and countering overregulation with common-sense guardrails like the REINS Act.
- Ensure an increase in the debt ceiling is accompanied by commensurate spending reductions, including through recissions of the Democrats’ recent excessive spending.
- Eliminate wasteful spending on duplicative programs, examine ways to fight waste, fraud and abuse, and transition non-entitlement mandatory programs to the discretionary side of the budget.
- Establish a long-term fiscal control focused on reducing spending to restrain the growth of our federal debt as a percentage of the nation’s economy.
- Codify procedures to ensure the federal government honors certain critical obligations, such as federal debt payments, national security and veterans, Social Security, and Medicare.
We need to get back to fiscal sanity. This would be one way to do it.