From WSJopinion: On the coming spending package, let us hope at least one Democratic senator will stand up and refuse to allow his party to create the next economic crisis, writes SenThomTillis
After her department announced auctions to finance federal spending, Treasury Secretary Janet Yellen speaks to the press in Washington, May 7.Senate Democrats have passed a $3.5 trillion budget resolution, unlocking their ability to pass a tax-and-spend boondoggle later this fall. This comes on the heels of the $1.9 trillion package enacted along partisan lines and dubiously marketed as Covid-19 relief.
Democrats could have included a solution to the debt limit in their budget resolution, which needs only a simple majority to pass. They refused, apparently for the purpose of creating a political crisis they can use as leverage over Republicans. But Democrats no longer recognize federal appropriations as a shared responsibility when they use the budget-reconciliation process to push for $5.4 trillion in new spending on partisan initiatives. The quest to spend money for the sake of spending money has already created a steady rise in inflation, with consumer prices up 5.4% last month.
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