Just when it seemed like Washington was hopelessly mired in budgetary brinkmanship, the same leaders who have saved us before stepped forward again to make possible a budget deal!
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But if (the budget deal) does become the template, that will mean that in less than two months, this nation will have made unfunded fiscal commitments that could incur $3 trillion in additional debt over 10 years.
And who will bear that debt? The younger generation. And future generations.
“This is called a breakthrough because they didn’t shut the government down, but it blows through any pretense of fiscal responsibility,” says Bob Bixby, executive director of the Concord Coalition, another nonpartisan fiscal watchdog.