Though tax revenues are at all-time highs, Washington continues to spend hundreds of billions of dollars more than it collects every year. As a result, the federal government now carries an enormous amount of debt: more than $19.5 trillion. It now owes more than our nation produces (i.e., debt far exceeds Gross National Product).
Clearly, Washington needs to reel in its out-of-control spending. To do that, policymakers should fund only those programs that actually work and defund programs that don’t.
Showing posts with label evidence-based policymaking. Show all posts
Showing posts with label evidence-based policymaking. Show all posts
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