Earlier this week, after meeting and negotiating with congressional leaders from both parties, President Trump proudly announced bipartisan support for (and his endorsement of) a two-year budget deal that raises the debt limit. The plan removes the automatic budget cuts from the 2011 sequester, and adds a whopping $320 billion in federal spending. This assures trillion-dollar annual deficits moving forward (even if we continue to have strong economic growth), and a 4 percent increase in discretionary spending each year.
A Surplus of Indifference on the National Debt
A Surplus of Indifference on the National…
A Surplus of Indifference on the National Debt
Earlier this week, after meeting and negotiating with congressional leaders from both parties, President Trump proudly announced bipartisan support for (and his endorsement of) a two-year budget deal that raises the debt limit. The plan removes the automatic budget cuts from the 2011 sequester, and adds a whopping $320 billion in federal spending. This assures trillion-dollar annual deficits moving forward (even if we continue to have strong economic growth), and a 4 percent increase in discretionary spending each year.