Like a great deal of what comes out of this White House, the new tariffs and the rationale undergirding them exhibit a very fine blend of dishonesty and stupidity.
Finally, legislators could use this time to come up with a list of spending cuts that will allow them to abide by the spending caps they agreed to back in 2011. Back in July of this year, Congress and the president announced a plan to raise discretionary spending caps for fiscal years 2020 and 2021. But that move would increase spending by $320 billion over two years. With the deficit soon to be permanently above $1 trillion, Congress should find the courage to abide by the budget caps rather than, yet again, kick our debt bomb down the road.