Bam! We're Already Hitting the Debt Ceiling Again
The new normal
It’s timely that the Congressional Budget Office (CBO) put out new numbers on America’s financial situation this week. By the end of the week, we’ll be hitting the debt ceiling again.
The CBO’s report, which dropped the bombshell that Obamacare is projected to push 2.3 million people out of the workforce, is chock full of other disheartening information.
For starters, “The nation’s fiscal situation is much worse today than when President Obama first took office,” says Romina Boccia, Heritage’s Grover M. Hermann Fellow.
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Read next: Mike Johnson Hands Donald Trump a ‘Big Mess’ After Debt Ceiling Betrayal
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The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973, mission is
to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.