The Federal Budget Deficit Continues to Soar

The excessive spending by the Federal government has been contributing to the budget deficit. It is growing, thanks in part, due to President Obama’s decision to bailout the automakers, the stimulus and wasteful spending from his omnibus bill, which was signed into law. Now, with Obama’s health care proposals, this will all contribute to the projected deficit growth, in addition to the entitlement spending, etc.

What can Congress do to address the Federal budget deficit projections? Pass reform packages, start eliminating wasteful spending, stop bailing out businesses who are failing, cut unnecessary programs, and becoming more transparent, so the American taxpayer can gauge how their money is being spent at the federal level.

Source: The Heritage Foundation