Another reminder of the utter hypocrisy that is Congressman Goodlatte’s support for a Balanced Budget amendment to the Constitution.
Uncle Sam needs to borrow a ton of money this week — in the middle of a fight with its biggest creditor.
The United States plans to sell about $294 billion of debt, according to the Treasury Department. That’s the highest for a week since the record set during the 2008 financial crisis.
Federal revenue is declining because of President Trump’s tax cuts, so the government needs to borrow more to make ends meet. At the same time, Washington’s borrowing costs have climbed rapidly in recent months.
Goodlatte, of course, joined most most Congressional Republicans in voting for the budget-busting tax cuts, which overwhelmingly benefit the very wealthy and corporations.