The first major issue with out-of-control spending in Congress is the ballooning of the national debt. Over the past few decades, the federal government has been spending more money than it's been bringing in, leading to a growing national debt that now exceeds $31 trillion. This is a massive burden on future generations and will require them to pay back this debt through higher taxes and reduced public services. Additionally, the interest payments on this debt are now the fastest-growing part of the federal budget and are eating away at the resources available for other priorities.
Another issue with the out of control spending in Congress is that it's had a negative impact on the economy. The government's massive spending spree has led to a rapid increase in the money supply, which has in turn fueled inflation. This has made the cost of living higher for everyone, especially for those on a fixed income. In addition, the government's spending has created a false sense of economic growth and stability, making it difficult for businesses to plan for the future.
The out of control spending in Congress has also had a negative impact on the allocation of resources. The government has been directing massive amounts of money to pet projects and special interests, often at the expense of more important priorities like infrastructure and education. This has resulted in a situation where the country is spending more money than ever, but not getting the results it should be. For example, despite the massive amount of money spent on public schools over the past few decades, test scores have remained flat and many students still struggle to read and write at a basic level.
Finally, the out of control spending in Congress has led to a culture of corruption and waste. The government's massive spending has created a system in which powerful special interests have a disproportionate amount of influence over the budget and policy decisions. This has resulted in a situation where money is often being wasted on projects that serve the interests of a few, rather than the interests of the country as a whole.
In conclusion, the out of control spending in Congress from both sides of the aisle has had a number of serious consequences for the country and its citizens. The growing national debt, negative impact on the economy, misallocation of resources, and culture of corruption and waste are all major problems that must be addressed if the country is to return to a path of prosperity and freedom. It's therefore time to put an end to the out of control spending in Congress. This will require a commitment to reducing government spending, balancing the budget, and protecting the freedoms and liberties of all Americans.
Why You Need to Know About the Trillion Dollar Problem in Washington | Talk Policy