Peterson’s warnings not heeded

Published Oct 12, 2019.

On Thursday when the Congressional Budget Office forecast a federal deficit of $984 billion for fiscal 2019, the Concord Coalition quickly condemned lawmakers’ lack of concern over our federal government’s reckless spending.

The $984 million deficit amounts to 4.7 percent of the nation’s gross domestic product and represents an increase of $206 billion compared to the 2018 deficit, according to the Concord Coalition.

Although only a few in Congress seem to have the intelligence and political courage to fight overspending, our nation’s fiscal health ought to matter more to the people we Americans send to Washington, D.C.