President Biden, Senate Democrats, and a handful of left-leaning Republicans (led by Mitt Romney, of course) have just agreed to a $118 billion foreign aid bill for Israel and Ukraine.  Is the spending addiction so severe that there is NOTHING Congress will not spend and borrow money for?

Not one penny of this aid package is paid for with offsetting spending cuts from a near $6 trillion budget. President Trump has sensibly taken our advice and suggested that the foreign aid funds should be in the form of a loan – to be paid back by the recipient countries over time. The Dems wouldn’t go for that.

The Dems and the White House have even resisted audits of where the first tranches of money to Ukraine have gone – which naturally makes us suspicious.

We’ve argued from day one that, by far, the single most effective way to stop the Russia war machine is to drill and drill and drill for oil and gas here at home to drive down the world price of oil. BOTH these aggressions were aided and abetted by Biden’s insane war on American energy. Where is the agreement for more drilling and more pipelines?

We’re economists not national security experts – and we know that our readers have various opinions about the wisdom of intervening in East Europe and the Middle East. But we do know that the greatest threat to American economic and national security is out-of-control government debt spending. This bill adds another $1,200 per household to our debt, as calculated by our friends at the Heritage Foundation.

Mitt Romney says this is “the most important vote in the Senate” in many years. But if this is such a vital national priority, surely, Mitt, we could cut a mere 2 cents out of the dollar from every other program to pay for it.

DID CONGRESS FORGET ABOUT THIS CRISIS?