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Rand Paul's 'Six Penny Plan' can fix federal budget
The shortfall widened by $218 billion from the prior year as federal spending kept outpacing revenue, the Congressional Budget Office said.
- The federal government recorded a $2 trillion deficit during the past fiscal year, marking a significant period of fiscal imbalance for the nation's economy.
- This figure represents a $218 billion increase from the previous 12 months, illustrating the widening gap between federal revenue and total expenditures.
- "Clearly, we can't keep going like we have," observed Maya MacGuineas, President of the Committee for a Responsible Federal Budget, regarding the nation's fiscal path.
- According to the Congressional Budget Office, federal spending remained steady over the past 7 years, while the total deficit continues to expand.
- Humorist P.J. O'Rourke famously compared government power to "giving whiskey and car keys to teenage boys," a critique often cited regarding current spending.
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Rand Paul's 'Six Penny Plan' can fix federal budget
The federal government managed to become more fiscally inept during the past fiscal year, running a deficit of $2 trillion. That’s a $218 billion increase from the previous 12 months.
·Cherokee County, United States
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Total News Sources12
Leaning Left1Leaning Right0Center11Last UpdatedBias Distribution92% Center
Bias Distribution
- 92% of the sources are Center
92% Center
C 92%
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