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IPFS News Link • Economy - Economics USA

Spending More Taxpayer Money on Foreign Policy Boondoggles Has Solved Nothing

• https://www.activistpost.com, by Jeremy Powell

Another record for our national debt has been broken again, with $275 billion added onto the national debt in a single day.

How we solve this issue is a question that will remain unanswered. After all, the good old reliable Grand Old Party has no quarrel with throwing more taxpayer money at whatever problem they may perceive to exist. If the takeaway lesson for right-wing populists is that the government is spending the money on the "wrong causes"—combined with the Democrats' view of spending—expect a default to happen sooner or later. When former Speaker Kevin McCarthy prevented an omnibus spending bill that included more funding for Ukraine from moving forward, the antiwar Right was skeptical. Given that McCarthy's foreign policy man was Michael McCaul and McCarthy's own record before being ousted, why wouldn't the antiwar Right have such a response?

Nevertheless, the liberal-progressive interventionists had a meltdown. Even though the matter of Ukraine is a source of difference between the two sides, where America must stand together is their objection to McCarthy. With tensions between the United States and the autocratic "bloc" of Russia and China dramatically rising, McCarthy failed to lead the Republicans into an agreement with the Democrats on foreign policy and spending.

If you don't have several minutes to read those articles, here's a breakdown. In the face of greater competition with Beijing and Moscow, the liberal-progressive interventionists believed that McCarthy was merely pandering to the "isolationist MAGA" wing of the Republican Party. This pandering was at the expense of keeping the government functional by preventing "inefficient spending" through an actual "strategically" designed budget that alleviates problems like the current migrant crisis at the southern border of the US. Likewise, according to these interventionists, more money ought to be devoted to solving climate change, alleviating poverty in the Global South, making further commitments to the world, and saving face from the PR disaster of not being able to resolve a basic legislative process.


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