The bill that suspends the debt ceiling and avoids a catastrophic default has passed the House and is advancing to the Senate. Samuel Gregg, a distinguished fellow at the American Institute for Economic Research gave NTD an assessment of the bill.
He mentioned that considering the complicated relationship between the legislative and executive branches, it is reasonable to have certain limitations on what can be achieved. However, he highlighted that the most worrisome aspect of the bill is its inability to effectively control spending in the long run.
