Loaded With Gimmicks, but Still Worth It

Republicans entered the debt-ceiling fight with grand ambitions. Last fall, they considered demanding reforms to Social Security and other entitlements as the price for raising the federal government’s debt limit in early 2023. When President Joe Biden predictably demagogued any changes to the Social Security and Medicare systems that overwhelmingly drive long-term deficits, Republicans downshifted to ambitious discretionary savings. Now, it appears that Republicans may settle for a small fraction of those discretionary spending savings, while expanding Supplemental Nutrition Assistance Program (SNAP) and significantly scaling back other priorities.

To be...