Monday, April 24, 2023

Introduction to the Center for Renewing America FY2023 Budget:

 The evidence of America's fiscal brokenness is everywhere.

The nation owes $31 trillion and counting, and the interest the Treasury Department must pay is steadily marching higher and higher.

The annual cost of interest payments will exceed the Pentagon's budget within the next ten years.

The notion of "Fiscal discipline" itself might as well be in a time capsule.

Congress considers no budgets, legislation never hits against cost limitations, and every partisan disagreement is "Solved" simply by spending more on the pet programs of the opposing party.

The need for a budget-a fiscal plan-could not be more immediate.

There are some serious challenges facing any renewed effort to deal with this fiscal nightmare, and any budget intended for results must consider these.

https://americarenewing.com/issue_topic/budget/

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