Maya MacGuineas and Adam A. Millsap: What the federal budget says about America

Maya MacGuineas is president of the Committee for a Responsible Federal Budget. Adam A. Millsap, Ph.D., is a senior economist and program officer at Stand Together Trust. They recently wrote an opinion piece for the Washington Examiner, an excerpt of which is below.

The federal budget is on an unsustainable path. Annual deficits are close to $2 trillion, and the federal debt will reach 120% of GDP by 2036. These top-line numbers should make you worried, but even they don’t fully capture how broken the budget really is.

Budgets are more than just lists of spending and revenue. As the old adage goes (and a favorite saying of former President Joe Biden), show us your budget, and we will show you your values. What we spend money on and how we spend it says a lot about who we are. So, what does the federal budget say about America?

Read the entire piece here.

Published works by members or staff of the Committee for a Responsible Federal Budget do not necessarily reflect the views of all members or staff of the Committee.