First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/05/30/debt-ceiling-deal-keeps-dollar-locked-in-devaluation-spiral-002748

Fiscal hawks weren't optimistic when Kevin McCarthy was elected Speaker of the U.S. House. The California Republican's track record was dismal when it comes to spending restraint. Nearly 5 months into his term, it is now apparent McCarthy has no intention of holding the line against government expansion.