WASHINGTON, DC–In a rare outbreak of bipartisanship, last week Democratic and Republican lawmakers came together and agreed that deficits only matter when the other team is in charge.
This acknowlegement came on the heels of a historic budget compromise. Under the recent agreement, Republicans will get to waste $175B more on military spending over the next two years and Democrats will get to exhaust an additional $131B in nondefense spending. The agreement also suspended the debt goal until March 2019, so lawmakers could focus on other key priorities, like finding the last remaining goods not subject to sanctions in North Korea.*
US government officials and commentators were excited to announce this week that UN Security Council had unanimously agreed to impose new sanctions against North Korea, further limiting the country’s already anemic foreign exports.*
The move comes amid months of escalating tensions between the US and North Korean governments. During this period, the US has heightened rhetoric and added new sanctions to deter North Korea from testing missiles and further developing the nuclear weapons capabilities. North Korea, for its part, has continued testing its long-range missiles and developing nuclear weapons.