Dick Cheney once said, “Deficits don’t matter.” If the polls are any indication, the American people largely agree with the former vice president. So did the 45th president, one of the rare points of convergence between the Cheney’s family and Donald Trump. If deficits don’t matter to the public or to the fiscal markets, why should House Republicans fight for a balanced budget that has little likelihood of being enacted into law and will set them up for a tough reelection campaign in 2024? Why should Republicans fight for fiscal responsibility as part of a debt-limit extension, if nobody else will? It’s an important question, and one that will have a profound impact on their
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