The Daily Signal: How Washington's $7.5 Trillion Deficit Spending Spree is Bankrupting America
By David Ditch & Richard Stern in The Daily Signal
Polls show that Americans are pessimistic about the economy, with inflation as the top concern. That’s understandable, but do they understand where this inflationary surge came from and why Washington’s addiction to government spending threatens the future prosperity of the country?
That may sound hyperbolic, but consider the numbers. The sum of new spending authorizations between 2020 and 2022 was a staggering $7.5 trillion—over $57,400 per household.
According to the Committee for a Responsible Federal Budget, roughly $700 billion (less than 10% of the total) was directed .....