Speaker of the Home Kevin McCarthy is making a ransom demand. His hostage is the economic system and America’s credibility. Mr. McCarthy has threatened that Home Republicans will refuse to lift the federal authorities’s debt ceiling, doubtlessly triggering a world monetary disaster, until President Biden agrees to deep cuts to schooling, well being care, meals help for poor kids and different companies.
Mr. McCarthy repeatedly invoked the specter of Chinese language competitors as justification. The…
