Deficit Reduction Remains a Pipe Dream

Published Feb 4, 2019. By Paul M. Krawzak.

Despite deficits hurtling towards $1 trillion and more for the foreseeable future, Congress is unlikely to make any real effort to pull the red ink back to Earth anytime soon. In fact, it seems that the excess of spending over revenue will probably be even greater than official forecasts. . . .

Then again, it may be that Trump and lawmakers will be unable to agree on a budget deal, after the acrimonious standoff over border security and the partial government shutdown.

“I really am thinking that this is going to bleed into next year’s appropriations bills,” Robert L. Bixby, executive director of the Concord Coalition, says. “And then next September we’re not looking at a partial shutdown, we’re looking at a full shutdown.”