Fiscal responsibility is dead.
This past week, Trump announced he had reached an agreement with Congress to pass a continuing resolution which will suspend the debt ceiling until July 2021.
The good news is that it will ONLY increase spending by just $320 billion.
What a bargain, right?
It’s a lie.
That is just the “starting point” of proposed spending. Without a “debt ceiling” to constrain spending, the actual spending will be substantially higher.
However, the $320 billion is also deceiving because that is on top of the spending we have already committed. As I noted just recently:
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IMPEACH
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Spending “we” have already committed . . .
ReplyDeleteWho is “WE”?
Author meant to write, the government - right?
Me and you don’t spend anything.
We “pay” the government