Setting budget levels and making sure the federal government honors its obligations by raising the debt limit is one of the most important responsibilities that falls to Congress. As a bipartisan compromise, there are good and bad elements to this bill but the alternative — no deal and a potential default in late August or early September while Congress is on recess — is unacceptable.
With a $22 trillion national debt the U.S. needs to do more to rein in spending, and this bill continues the unsustainable trend of kicking the can down the road for future generations. Alternatively, this bill’s priorities in terms of increasing spending on both defense and non-defense domestic programs are misplaced. Congress should work through August to reach a better deal.