Share This Article with a Friend!

'It's the spending, Stupid!'

Stephen Moore, Washington Times

The CBO numbers also tell us that while revenues are expected to rise gradually over time as a share of the national economy, the spending sprays of the Capitol Dome like Old Faithful. Spending rises from 21 percent of GDP to 23 percent of GDP over the next decade to about 26 percent of GDP over the two decades after that. Again, none of this even includes the added price tag for the tens of trillions of dollars in the Democratic presidential candidate playbook for Medicare for All, reparations, student loan forgiveness, free college, guaranteed income and the Green New Deal. We don’t have a revenue problem in Washington, we have a chronic overspending crisis.