6 days ago
- Business
- Wall Street Journal
Righting Our Fiscal Ship Is a Necessary National Voyage
Your editorial 'Rescission Time for the GOP Senate' (July 16) is correct: $9 billion in clawbacks is a small, but significant step toward restoring fiscal sanity in Washington.
Passing the rescissions package is necessary to rein in some wasteful spending, but these savings alone won't right the fiscal ship. The national debt has grown by $384 billion since the House passed the rescissions bill on June 10—that averages out to $11 billion per day in new debt.
