OCPA: Biden administration’s fiscal policy has echoes of Afghanistan

Biden administration’s fiscal policy has echoes of Afghanistan By Jonathan Small Amidst the ongoing chaos of U.S. withdrawal, it’s widely understood that the Biden administration’s handling of Afghanistan is a debacle that will have long term, negative consequences. Unfortunately, the administration’s approach to fiscal policy falls into the same category. The spending package initially approved as a COVID bailout in 2020 was enormous, but some could defend it as a once-a-century emergency response. Instead, Washington politicians are now treating it as a floor for future spending, creating levels of deficit spending unimaginable just a few years ago. The consequences of that spending are already being felt by working families in Oklahoma, and the situation will only get worse with time if it is allowed to continue. A recent forum hosted in Oklahoma City by the Millennial Debt Foundation, which seeks to “lead a generational conversation about fiscal stewardship, the role of the federal government and America’s deficit spending crisis,” highlighted facts that all citizens should hear. Read more » by Jamison Faught - September 15, 2021 at 11:15AM

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