Debt watch: America Held Hostage by Spending

Dems are painting Republicans “as terrorists holding the country hostage” in the debt-ceiling debate, but “if anything is being held hostage, it’s America’s future,” warns Ingrid Jacques at USA Today. The president won’t “entertain any discussion about compromise or spending cuts,” though “in two years, Biden has approved nearly $5 trillion in deficit spending.” If spending keeps at this pace, Congress must either “borrow or raise taxes – leaving less money in the private sector. That leads to other economic ills, such as job cuts.” So make the spenders defend $2-trillion-a-year deficits as Social Security heads to bankruptcy. But the pols “are more concerned with shaming their political opponents and less with actually addressing these entrenched shortfalls.”