The United States is on a fiscal collision course. Decades of unfunded entitlement promises, demographic changes, and a dysfunctional political process combine to drive the federal budget deep into debt. This poses a threat to the American economy and prosperity. According to projections by the nonpartisan Congressional Budget Office, public debt is projected to approach 100 percent of gross domestic product in the next 10 years and will continue growing on a rapid upward trajectory from that point.
When Americans talk about politics, they tend to focus on what’s happens the president’s latest tweet or incendiary comment during a speech or what’s happening in Congress. Most, however, completely ignore what’s happening in their state governments, which may be more impactful to their lives that most debates that happen on the House and Senate floors.
The bill would blatantly disregard the Budget Control Act (BCA) of 2011 that requires Congress to adhere to budget caps – This bill goes above and beyond, busting the caps by nearly $300 billion over two years, more than twice that of the past two, two-year deals combined