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ICYMI: Unchecked Federal Spending Is Leading Us to Fiscal Calamity

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Unread 03.06.19, 04:37 PM
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ICYMI: Unchecked Federal Spending Is Leading Us to Fiscal Calamity

03.06.19 12:29 PM

ARLINGTON, Va.*– Russ Latino, the Vice President of Americans for Prosperity’s Economic Opportunity Portfolio,*issued the following statement on reports that the federal deficit grew 77 percent in the first four months of fiscal year 2019 compared to last year during the same timeframe: “Every American should be concerned about the risks of rising deficits, but make no mistake, our $22 trillion national debt is the result of overspending, not lack of revenue. We’ve long advocated pairing tax cuts with spending restraint, and we continue to urge Congress to work together to avert this looming fiscal crisis. Failing to take this threat seriously could have devastating and lasting consequences that will impact millions of lives. Both parties contributed to the problem and both parties are needed solve it.” Read more about the dangers of unchecked federal spending from AFP*Senior Policy Fellow Alison Acosta Winters*in The Fiscal Times*today. Unchecked Federal Spending Is Leading Us to Fiscal Calamity By: Alison Acosta Winters 03/06/2019 … The Congressional Budget Office recently released its annual budget forecast intended to guide Washington’s spending and tax decisions. … The list of alarming statistics in CBO’s report is too long to recount them all, but consider these: Annual spending […]

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