The Speaker of the House?

 

Wishin’ and hopin’

'Cause wishin' and hopin' and thinkin' and prayin'
Plannin' and dreamin' his kisses will start
That won't get you into his heart.

We should expect more than wishin' and hopin' from the Speaker of the House.

In order to become Speaker, he made a deal with some Republican holdouts that he would roll back defense spending to 2022 levels. The agreement drew the ire of some conservatives, who said any cut to defense spending would be irresponsible.

“You’re gonna tell me inside defense there’s no waste?” McCarthy asked on Sunday. “We shouldn’t just print more money. We should balance our budget.”

https://news.yahoo.com/mccarthy-social-security-medicare-cuts-155850854.html

The ignorance of this amazes me. I wish I could say it surprises me, but so it goes.

Last I looked it was 2023. Cutting defense spending to 2022 levels, if there has been inflation. (News flash! There has been! Didn’t rINOs, republicans In Name Only,  make an issue about that?)  2022 US Dollars, USD, are worth less than 2023 USD. This means that keeping defense spending to 2022 USD levels is effectively a roll back. There might be waste, but any unwasteful spending that was funded in 2022 USD, would still need more funding in 2023 USD.

And the US Dollar is a fiat currency and has been since the 1930s. The US Treasury prints enough money such that all economic transactions can take place, IOW the US money in circulation should be equal to the US economy. If the US economy grows, then somebody better print more money.

You can wish and hope all you want, Kevin, but that doesn’t change things. Inflation is real, and printing money is how the economy works.