24 August 2023
Congress, led by Republicans, is struggling to agree with President Biden and Senate Democrats on long-term funding, with a likely short-term bill instead. Despite the staggering $32 trillion national debt, spending cuts seem improbable. Both parties are heavily inclined towards welfare-warfare expenditures. The U.S.’s credit rating downgrade by Fitch was brushed aside by officials, relying on the Federal Reserve’s low interest rate strategy. However, this approach has spiked Americans’ living costs. With increasing debt, the U.S. faces potential economic collapse and political upheaval, jeopardizing liberty.