A child born this year bears a $42,000 share of the publicly held federal debt. Before these children even take their first steps, Washington has made decisions that reduce their future economic opportunity.
Out of control spending drives national debt to unsustainable levels and the government knows it. The recently published 2017 fiscal year House Congressional Budget Resolution even features a chart titled “Spending is the Problem.”
But Congress needs to practice what it preaches. The very same document proposes spending $57 billion more on discretionary programs than what Congress proposed to spend on this budget category last year.