The budget and the final crisis

Published July 29, 2020 4:00am ET



As we work together to recover from an extraordinary public health and economic disaster, Congress must commit to reducing our national debt or face an even larger crisis with far graver consequences.

The perfect storm has been gathering for some time now. The largest generational retirement in human history, runaway healthcare costs, and record defense and domestic spending have generated a whopping $1 trillion annual deficit before COVID-19.

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