Few things reveal the fraudulent nature of our ostensible two-party system better than the nation’s steady march toward fiscal armageddon. Neither Democrats nor Republicans evince anything resembling fiscal responsibility. Instead both parties are about prioritizing programs, entitlements and pork-barrel spending projects each one needs to ensure its respective political constituencies are sufficiently bought off. In short, political self-interest has eviscerated statesmanship.
“Deficits will top $800 billion this year and will reach $1 trillion by 2020, just as President Trump prepares to face voters in his bid for re-election,” The Washington Times reports. “They will remain above $1 trillion for the foreseeable future … painting a better economic picture but a significantly worse fiscal picture than last year.”
The future revealed by the Congressional Budget Office’s (CBO) “2017 Long-Term Budget Outlook” is surreal. And despite assertions by a group of liberal economists that the latest tax cuts, rather than entitlement programs, are leading the way, is absurd.
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