Serious problems should be met with serious solutions. We have serious problems, namely a fast-growing debt and a need to extend some tax cuts in an unforgiving environment where interest rates are high and inflation is rising again. Unfortunately, despite a new mandate, House Republicans have yet to rise to the occasion. Their latest budget blueprint shows that fiscal responsibility vanishes the moment real choices arise.

As a reminder, government debt stands at 100% of GDP. It will grow to 117% by 2034 if the tax cuts are allowed to expire as scheduled this year. It was 76.5% when the cuts were first passed in 2017.

For those wondering why deficits and debt have accumulated so much, here are some more numbers. According to Center for a Free Economy President Ryan Ellis, since 2017, tax revenues have grown by 58%, while spending has grown by 75%. These hikes weren't driven by inflation alone, which increased by 31% cumulatively over the period. As Ellis rightly notes, we can't blame taxpayers. The fault lies squarely with politicians' spending incontinence.

Enter the House Republican budget blueprint for a "big beautiful bill" as requested by the president. As........

© Townhall