Federal Deficit Should Shrink, But It's Growing

Published Oct 17, 2018.

The unfortunate byproduct of dysfunction in Washington, D.C., is an exploding federal deficit. While Republicans and Democrats scheme against each other, nobody’s watching the finances, and the politicians are spending a fortune on social programs, the military and whatever else wins votes back home. . . . 

“While not surprising, the confirmation of a ballooning budget deficit is alarming and should be of great concern to elected officials, this year’s congressional candidates and the general public,” Concord Coalition Executive Director Robert. L. Bixby said. “What makes the fiscal 2018 numbers particularly troubling is that they show a worsening picture despite a strong economy. Rather than taking advantage of this strong economy to improve the fiscal picture, Washington over the past year has made the situation worse.”