The Debt Limit’s Last Exit To Fiscal Responsibility

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The debate over a debt limit deal now raging in Congress offers the last possible exit ramp for future American prosperity.  Absent significant spending cuts, Bidenomics will careen America over a fiscal cliff while institutionalizing a 1970s stagflation on steroids.

America’s looming fiscal cliff is as unprecedented as it is staggering.  The legislation that most define Bidenomics – The American Rescue Plan, The Infrastructure Investment and Jobs Act, and the (anything but) Inflation Reduction Act – are catalyzing the most rapid increase in America’s national debt ever witnessed in a peacetime economy.