4 scary charts show how fast the federal government is heading toward fiscal disaster

FEE’s Brad Polumbo writes, “The national debt is rapidly closing in on $29 trillion. The federal government now owes an astounding $228,999 per taxpayer. All the while, politicians in Washington, DC are bickering over whether to spend $4.5 trillion more or 'just” $1.5 trillion. Yet almost entirely omitted from the debate over the so-called “infrastructure' spending bonanza is the fact that the federal government is already running off a fiscal cliff—as a new analysis makes plain.

Everyday Americans will ultimately pay the price for the federal government's recklessness.

My latest, ft. @Brian_Riedl @ManhattanInst's fantastic chart book: 4 Scary Charts Show How Fast the Federal Government is Heading Toward Fiscal Disasterhttps://t.co/md2Ld6vlDN — Brad Polumbo ??⚽️ ?️‍? (@brad_polumbo) October 18, 2021

The Manhattan Institute’s Brian Riedl recently released his 2021 Chart Book, and it paints a devastating picture of the federal government’s finances.”

Read the entire column.