Alarm bells are ringing on the federal debt

The Hill ^ | 02/09/18 | Thomas Binion

[Cheerio]

If you’re reading The Hill, chances are you’ve heard the scary statistics or doomsday predictions about government spending. Or you’re heard it from the Congressional Budget office or Congressional Research Service or CBS, or you’ve heard it from House Speaker Paul Ryan or Office of Management and Budget Director Mick Mulvaney.

In short, there is no shortage of professionals sounding the alarm over spending. If you’re like me, each time you’ve heard those, you’ve wondered, “How is that possible?” or “How did we get here?” or “If that were true, Congress wouldn’t be getting away with it.”

Well, it’s true. Congress is bankrupting the country and robbing future generations of Americans to pay for it. It’s dangerous. A debt crisis, and all the terrible economic effects of that, are looming. Both parties are guilty. Every single congressional leader is to blame.

Okay, so it’s true. But how did it happen, and how are they getting away with it? The events of this week perfectly illustrate how the one-way spending ratchet works, why Congress votes to pass it, and how they’re getting away with it.

[Harpotoo]

Did President Trump ever go out there and say publicly he was running to reduce the deficit? Hell no! You can’t MAGA without spending some money (properly). Business folks know that instinctively!