Congress Should not Take a Pass on Passing a Budget
Trillion-dollar budget deficits as far as the eye can see are set to return by 2020. National debt is projected to exceed the size of the economy by 2031, surpass the all-time record by 2034, and nearly double in size by 2048. And things could get much worse if tax cuts and spending increases currently set to expire are extended.
Sadly, Congress is not showing much determination in the face of the deteriorating fiscal outlook to pass a federal budget that could start the country on a better path. The legal deadline to pass a budget was more than two months ago and counting.