Senate Majority Leader Chuck Schumer, D-N.Y., shakes hands with Sen. Laphonza Butler, D-Calif., as Sen. Patty Murray, D-Wash., left, and Sen. Alex Padilla, D-Calif., rear right, look on during a news conference about the legacy of the late Sen. Dianne Feinstein, Wednesday, Oct. 4, 2023, at the Capitol in Washington. Sen. Butler was appointed by California Gov. Gavin Newsom to fills Feinstein’s seat in the Senate. saying the over $34 trillion national debt threatens national security.
As Eric Boehm of Reason magazine points out, the CBO report understates how much federal spending will grow in the next several decades since it cannot predict what “crises” future congresses and presidents will exploit to ramp up federal spending.
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