Congress has big plans to address issues such as tax reform, health care, and infrastructure. But lawmakers also face key deadlines to address the debt limit and prevent a government shutdown.
Congress will debate and delay, and posture and pontificate over the federal budget and government spending in the coming weeks. All the while, the bluster and bloviating will be over a small and diminishing share of the budget.
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.
National Debt and You