The media has been trumpeting reports that Uncle Sam will only spend $500 billion more than it takes in this year.
While it’s good news that we’re adding less to the debt than in past years, Heritage’s Steve Moore writes, the long-term picture has actually grown worse:
But what hasn’t been advertised is the disgraceful longer-term outlook for our fiscal future, which took a turn for the worse. And Obamacare is the main culprit. In the long run, the budget deficit will be slightly more than $1.5 trillion WORSE than previously estimated.
Heritage has a detailed plan to cut spending and rein in the debt. Read the whole thing.
Do you think we can ever get spending under control?