The U.S. Congress is facing growing calls to find a way to stem rising budget deficits and debt following this month's warning by Moody's that political dysfunction could lead it to lower the federal government's credit rating.

“A fiscal commission is direly needed,” Republican Senator Mike Braun, a Budget Committee member, said in an interview.

Braun said deficits and debt could become an important issue in the 2024 elections, especially as “the heavy weight of paying interest will start crowding out all the other things,” referring to the cost of federal programs ranging from defense to homeland security.

Somehow he fails to mention how this ballooning debt was precipitated by the tax cuts he and his ilk passed under Trump, followed by the constant threat of shutdown and defaulting on debts by his party.

Expect nothing but nonsense from Republican leadership on this issue.

  • Melllvar@startrek.websiteEnglish
    8·
    1 year ago

    Congress is the fiscal commission.

    Besides, how does Congress creating a commission help if the problem is that Congress can’t get anything done in the first place?