The Wall Street Journal in recent days has published a variety of opinions on congressional reauthorization of the Export-Import Bank which doles out subsidies to foreign firms to purchase U.S. products. Most of the arguments pro and con merit polite consideration. But others require a response.
The Biden administration has added nearly a whopping $5 trillion in new spending, and Washington is on pace to borrow $16 trillion more over the next decade.
Responding to the breakdown of congressional budgeting over the past several years, analysts and lawmakers have offered a variety of proposals to correct specific flaws in the process and revive this most fundamental act of governing.