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Out-of-Control Deficit Spending Is Generational Theft

by RedState
March 24, 2022
in Economy
Out-of-Control Deficit Spending Is Generational Theft

Saul Loeb, Pool via AP (The opinions expressed in guest op-eds are those of the writer and do not necessarily represent the views of RedState.com .)

This week, President Biden is expected to sign the $1.5 trillion omnibus spending bill recently passed by Congress. Unfortunately, this means more deficit spending, trillions more added to the national debt, more wealth redistribution, additional power to the leviathan bureaucracy, and worst of all, more generational theft.

In FY 2022, the federal government is expected to rake in about $4.175 trillion in total revenue. Much of this windfall, 49 percent to be exact, will come […]

Read the rest of this story here: redstate.com

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