Spending Spree! Congress’ New Budget Increases Spending by $300 Billion, Feds Will Borrow Nearly $1 Trillion

Last updated on: February 8, 2018 at 10:41 pm by Convention of States

Spending Spree! Congress’ New Budget Increases Spending by $300 Billion, Feds Will Borrow Nearly $1 Trillion 2018-02-08T22:41:39-05:00 Convention of States

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President Trump may be doing his best to drain the swamp, but he and the Republican-controlled Congress don’t seem too concerned about continuing to spend this country into the ground.

The Treasury Department announced that the U.S. government is set to borrow $1 trillion this year, an 84 percent jump from last year and the most the feds have borrowed since 2011.

Congressional leaders also announced that they’ve finally reached a long-term budget deal, one that will increase both military and domestic spending by $300 billion over their so-called “strict” spending caps.

These numbers are too large for most people to wrap their minds around, but the consequences hit home earlier this week when the stock market took a massive turn for the worst. Some analysts believe that the crash was due, in part, to the inability of federal leaders to get national spending under control.

All of this spending will some day have disastrous consequences. It may not happen for several years, but neither party seems capable or willing to curb federal spending.

We have to act before it’s too late.

That’s why millions of Americans have voiced their support for the Convention of States Project. An Article V Convention of States can propose constitutional amendments that force the feds to be fiscally responsible.

No more arbitrarily raising the debt ceiling. No more massive deficit spending in peace time. And no more jeopardizing the future of our children and grandchildren.

If you would like to read about how to call a Convention of States, click here. We are a national effort to call a convention under Article V of the United States Constitution, restricted to proposing amendments that will impose fiscal restraints on the federal government, limit its power and jurisdiction, and impose term limits on its officials and members of Congress.

It’s the last hope to save this nation.

Image Credit: PRO Gage Skidmore on Flickr

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