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Like dashboard warning lights in a family car, the federal fiscal indicators are flashing danger. It’s time to pull over, lift the hood and fix the problem before it’s too late.
That’s the kind of service-station assessment we’re performing in the House Budget Committee, which I chair. Unfortunately, the fiscal repairs necessary to get us back on the road to financial health and prosperity require a lot more than a basic tune up.
The nation’s fiscal outlook is rapidly deteriorating following a two-year avalanche of new spending that added more than $6 trillion to our national debt and triggered painful, historic levels of inflation.
Our unprecedented, almost incomprehensible $31-trillion-plus national debt has eclipsed the size of our economy – the largest in the world.
Fox News Poll on the deficit and Social…
