KC Reporter

In July, the United States federal government will hit its debt ceiling. Now you might be asking yourself: what is the debt ceiling and why should I care?
Well, on April 27, 2023 in addition to authorizing and appropriating what funds the government can spend, Congress also sets a limit on the maximum amount of money the government can borrow—called the debt ceiling or debt limit.
Last Congress, President Biden, Majority Leader Schumer, and Speaker Pelosi rushed to authorize and appropriate trillions of dollars in spending, but they never came up with a plan to pay for it—and they never increased the federal government's borrowing limit to cover their reckless spending spree. Now that the bills are coming due, they're begging for more borrowing authority and trying to place the blame on Republicans in the House.
Now, if you or I overspend, we might be able to talk a bank or credit card company into increasing our credit limit. But, if we hit it enough times, they aren't going to raise it again without some reassurances they're going to get paid back eventually. That's exactly the situation our country is in right now.
Out-of-control spending is fueling inflation and driving prices through the roof. It's making it harder and harder for everyday Americans to make ends meet—and there's no end in sight.
So, rather than defaulting on the debts liberals racked up last Congress, House Republicans have stepped up to raise the debt limit to cover the bills that are coming due, but not without some serious conditions. This week we passed the Limit, Save, Grow Act which increases the debt limit, but also caps federal discretionary spending at fiscal year 2022 levels, makes important permitting reforms, and cuts many of the Green New Deal tax credits rushed through last Congress. All told, it will save American taxpayers some $4.8 trillion over the next decade, help put our country on a more sustainable financial path, and rein in the reckless spending that's fueling inflation.
Some have decried these cuts as "draconian" or over-the-top. That's a load of nonsense. It just requires federal agencies to make do with the same amount of funding they were getting back in December of last year—and it allows for a 1 percent growth in discretionary spending per year.
This proposal is more than reasonable, and the other reforms that will reduce burdensome regulations and help make America energy independent again will help bridge the gap even further. House Republicans have stepped up to help cover the bills President Biden and liberals racked up last Congress. All we're asking for in exchange is a legally binding commitment to stop the reckless spending and get our country back on track.
The ball is in your court now, Mr. President.
Sincerely,
Sam Graves 

Original source can be found here.