The federal government’s budget deficit is swelling, but you aren’t hearing much about it in D.C.
This year, the deficit is projected by the Treasury Department to exceed $1 trillion, an increase from $779 billion last year. That comes as the United States’ national debt exceeds $22 trillion.
The article goes on to state the following:
“Something has to give,” Maya MacGuineas, president of the Committee for a Responsible Federal Budget, told Fox News. “No one wants to be spending more on interest payments than on kids or defense, but that’s the path we are on at the moment.”
Four years ago, when a slew of Republicans were running for president, then-candidate Donald Trump was among those calling for urgent action, saying of the budget deficits: “We’re going to bring it down big league and quickly.”
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