Biden has no good answer to GOP’s Limit, Save, Grow Act

On April 26, the U.S. House of Representatives passed a bill that would raise the debt ceiling and cut trillions in government spending. For the GOP, the Limit, Save, Grow Act of 2023 is seen as an an opportunity to lure President Biden to the negotiating table.

According to Straight Arrow News contributor Star Parker, Biden has no interest in lowering the national debt. Raising interest rates, Parker argues, is the president’s primary concern.

Well, here we go again talking about the debt ceiling, at a stalemate right here in Washington, D.C. as we continue to march towards the inevitable crossroads of fiscal irresponsibility. We’ve been here so many times that I wouldn’t blame many Americans for tuning out this go-around. But the story may be playing out differently this time. So stay tuned. Or at least we hope we’re going in a different direction.

The Republicans in the U.S. House of Representatives have now released their answer. It’s called the Limit, Save, Grow Act. Republicans want reforms alongside raising the debt limit. They want to reduce spending and strengthen our economy. That’s what they want. Biden and the Democrats, however, they want a blank check. To be clear, a blank check is practically what they already have.

The Congressional Budget Office projects $2 trillion in deficits over the next decade. Well, I guess they made that projection without considering if Democrats get control of Congress again, because we know they’ll pass another few trillion dollar bills if they get that opportunity. And even when spending was raised for our nation’s response to the COVID pandemic, of course Democrats would want to maintain those raised levels.

President Biden has zero interest in lowering national debt. His main interest is in that of interest rates, which he has no problem raising again, and again, and again, making it harder to own a home, making it harder to expand yourself in your personal life, to perhaps even get married. And buy[ing] a car even is very difficult with these new interest rates, making anyone with a credit card nervous that their sky-high interest rates may become even higher.

But the importance of the Limit, Save, Grow Act goes far beyond mere economics. It represents a call to arms for all those who believe in the transformational power of personal responsibility.