Will Debt Ceiling Baby Step Lead Toward a Balanced Budget?
The debt ceiling is bearing down on Washington. As with most such momentous occasions, plenty of partisan potshots have been exchanged, like this whopper from the White House: that House Republicans who are demanding spending reductions in exchange for increasing the debt limit would compromise the full faith and credit of the United States government.
These Members of Congress simply want to correct the urgent problem of runaway federal spending and its partner in crime—the burgeoning debt. What the House delivered today—a temporary increase in the debt limit until April 15—can best be described as a baby step. We need a grand vision and a full national discussion about solving our spending and debt challenges. But, perhaps this is all that could be expected with a President who refuses to accept the reality that we have a spending problem, and a Senate that has not passed a budget since before Apple launched the iPad.