President Trump’s first full budget was unveiled yesterday. It has the worthy goal of reducing the national debt as a share of the economy, but how it gets there needs more work.
Last week, Congress finally settled federal government spending for this fiscal year...seven months into it. Now, it already finds itself behind in addressing the budget for the coming year. However, what is even more troubling is that all the time and effort is being spent on a small and diminishing share of the budget.
As many rushed to file their federal income taxes on time, Congress blew off a deadline it faced.
President Trump’s new budget outline lacks many details and doesn’t cover most government spending.
If we needed any reminder that the national debt is a serious problem that needs fixing, we got several this week. Here’s a quick recap of the recent developments and what they mean.
National Debt and You