The 22% cuts in spending would hurt Americans, decrease veterans’ benefits, curtail pandemic response funds, roll back student debt relief, add stringent new requirements for Medicaid and food benefits, hurt preschool and childcare, gut lifesaving global health programs, and even derail efforts to limit tax fraud.
Our congressmen apparently view indebtedness as evil, somehow morally wrong. Yet incurring debt is about freedom. A loan frees you to buy your home, a car, an education, or invest in a business in exchange for accepting the adult obligation to pay it back with interest. Without loans only the richest, with grocery bags of cash, could ever be able to purchase or invest in assets.
We hired our congressmen to invest our tax money wisely to improve our society. We did not hire them for their adolescent bravado to play chicken with our domestic and international economy, nor to use extortion rather than negotiation. The residents of Utah need our congressmen to be adults and act responsibly.