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Americans For Prosperity Americans for Prosperity (AFP) and Americans for Prosperity Foundation (AFP Foundation) are committed to educating citizens about economic policy and mobilizing those citizens as advocates in the public policy process. AFP is an organization of grassroots leaders who engage citizens in the name of limited government and free markets on the local, state and federal levels. The grassroots members of AFP advocate for public policies that champion the principles of entrepreneurship and fiscal and regulatory restraint.

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Congress Has No ‘Appetite’ for Spending Cuts, While America Starves for Fiscal Sanity

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Unread 02.22.19, 04:51 PM
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Congress Has No ‘Appetite’ for Spending Cuts, While America Starves for Fiscal Sanity

02.21.19 02:16 PM

The*National Debt Clock*is* ticking up at an alarming rate.* Frankly, we’re afraid it may run out of numbers. We’re more than $22 trillion in debt, having spent $4 trillion last year alone. Deficits are on the verge of going back up to $1 trillion each year. We’re heading for a financial catastrophe. So of course*our elected officials are going to act now and start spending responsibly — right? Nope. “I don’t see at this point a lot of appetite for cutting spending,”*said*House Budget Committee Chairman John Yarmuth*(D-KY). Unfortunately, if there’s one thing that seems to bring both political parties together in Washington, it’s the unwillingness to exercise an ounce of fiscal restraint. This is especially true for the largest*“mandatory”*spending programs that make up some 85 percent of total new debt. If*the Congressional Budget Office’s*annual budget forecast*is any indication (spoiler alert:*it*is),*the*fiscal outlook for the next decade is beyond grim. Spending is forecast to grow to $7 trillion and the debt to grow to $31 trillion. Washington may not have the appetite for a change, but those numbers should be a wake up call to everyone that we need to start tightening the belt — before it’s too late. And reining in […]

The post Congress Has No ‘Appetite’ for Spending Cuts, While America Starves for Fiscal Sanity* appeared first on Americans for Prosperity.

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