Earmarked Nation

Source: Common Sense
by Paul Jacob

“The big secret of the federal government’s budget is that there isn’t one. Instead of proposing a rational budget, Congress spends money in huge omnibus bills, which sweep up most of the big items into a bucket which is then poured out into the economy. Since these buckets contain more money than can actually be found in federal coffers, the consequent deficits are covered by debt. Which accumulates.” (01/20/23)