Don t Raise the Debt Limit Without Getting Spending Under Control heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.
President Joe Biden’s American Rescue Plan Act included many damaging policies that increased deficit-financed government spending by nearly $2 trillion, stoking inflation to rates not seen in four decades. The new spending also triggers the Statutory Pay-As-You-Go (PAYGO) Act of 2010,