Bipartisan bill would force Congress to consider debt payments before approving new spending
“With interest payments being one of the largest and fastest-growing parts of the budget, lawmakers need to understand how legislation would impact interest costs,” said Paul Winfree of the Economic Policy Innovation Center. “Rep. Michael Cloud’s Cost Estimates Improvement Act would be an important step towards improving transparency.”
Do you think this will help? Can we agree that Congress, collectively, has ushered in this economic damaging phenomenon, i.e., out-of-control deficit spending which expands the Federal debt?