Originally published at Erie Times-News
This year’s federal deficit is set to match the entire 1996 federal budget, adjusted for inflation. Despite such overwhelming spending, Democrats in Congress have proposed an unprecedented $3.5 trillion budget, in addition to the $1.2 trillion infrastructure bill that failed its first Senate vote last month.
For advocates of limited government, it’s easy to feel like the fight is over and the country is on the path to fiscal ruin. But such pessimism is unwarranted.
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