Catastrophe awaits unless feds rein in the budget

Published December 30, 2019 8:45pm ET



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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