The recent passage of the omnibus appropriation has confirmed beyond a reasonable doubt that President Trump and this Republican Congress have abandoned a core concept of a conservative Republican agenda: fiscal responsibility.
The omnibus bill will add approximately $2 trillion to the debt over ten years.
This layering of debt on existing debt means that next year the deficit will approach $1 trillion and will continue to grow for as long as can be reasonably predicted.
The implication of this explosion of debt funding, which follows the eight years of the Obama administration’s dramatic acceleration of debt, is that within a few years we will have interest costs which will also be $1 trillion a year or more.
Interest costs are the most wasteful of the wasteful.
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