Hats off to House Speaker Kevin McCarthy.
Eight weeks ago we had a president who was throwing a hissy fit and insistent that he would NEVER negotiate ANY deal on the debt ceiling – even though he was the one who as Vice President under Obama, negotiated the 2011 debt ceiling deal.
Of course, we would have liked to see deeper spending cuts, but the reality right now is Republicans only control one-half of one branch of government. The only way to get more progress in restoring fiscal sanity is to get a new president elected in 2024.
As a short-term fix, the debt deal stops the bleeding.