Bam! We’re Already Hitting the Debt Ceiling Again
Sad that this doesn’t seem to matter to liberals.
Check it out:
It’s timely that the Congressional Budget Office (CBO) put out new numbers on America’s financial situation this week. By the end of the week, we’ll be hitting the debt ceiling again.
The CBO’s report, which dropped the bombshell that Obamacare is projected to push 2.3 million people out of the workforce, is chock full of other disheartening information.
For starters, “The nation’s fiscal situation is much worse today than when President Obama first took office,” says Romina Boccia, Heritage’s Grover M. Hermann Fellow.
The outlook on the debt is somber. Entitlement spending continues to grow on autopilot, and “Washington’s failure to handle the problem responsibly means a higher tax burden and a slower economy for younger generations,” Boccia explains.