United States | Lexington

Republicans are right that federal budgeting is a joke

But threatening America’s credit is even dumber

Image: KAL

Although no other two-word combination may so prompt eyes to glaze and minds to wander, the history of America can be understood as a struggle over its budget process. After colonial legislatures restricted governors’ powers to tax and spend, parliament struck back by passing the Stamp Act to tax the colonies—and everyone knows the trouble that led to.

This article appeared in the United States section of the print edition under the headline “Bad rap”

From the February 4th 2023 edition

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