While Talking About a Deficit Crisis Congress Proposes Billions in New Spending

Publication Date: July 1990

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Scott A. Hodge

Research Area: Banking and finance

Keywords: Budget

Type: Report

Abstract:

At this very moment, while they wring their hands about a “budget deficit crisis,” policy makers are proposing to spend more money on existing programs and to launch costly new programs. They are pushing federal spending to record high levels. As Washington veterans of the budget process could have predicted, the convening of the budget summit
and Bush’s broken no-new-taxes promise have opened the floodgates for this spending spree.