The Debt Deal Is a Republican Trap

Two men emerged from the Oval Office. One of them, President Joe Biden, said of the deal they’d just reached: It “reduces spending while protecting critical programs for working people and growing the economy for everyone.” The other, House Speaker Kevin McCarthy, said that the deal will bring “historic reductions in spending, consequential reforms that will lift people out of poverty into the work force, rein in government overreach.” Contrary to the president, the deal will not “grow the economy.” Contrary to the speaker, it will not “lift people out...