Maya MacGuineas: Fiscal Recklessness Puts the Next Crisis on Our Doorstep
Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion piece for The Hill, an excerpt of which is below.
Surprise, surprise; despite the never-ending list of excuses, exaggerations and free-lunch promises over the past months, it turns out that the laws of economics still apply.
Congress and the president have been on a massive borrowing binge; first with the Republican tax cuts and then with the bipartisan budget-busting spending bill, which together will add $2.3 trillion to the debt over the next decade, or as much as $5.1 trillion if the policies are extended.
Read the entire piece here.
"My Views" are works published by members of the Committee for a Responsible Federal Budget, but they do not necessarily reflect the views of all members of the Committee.