Washington policymakers in the past few years have been wildly irresponsible in managing the federal budget.
That’s the obvious conclusion to be drawn from a new analysis of the past decade’s budget developments by the respected centrist Committee for a Responsible Federal Budget. Booming economies usually help annual federal deficits shrink, but, instead, the Trump administration and Congress have overseen a huge increase in deficits, plus a significant hike in the federal debt load.
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