Maya MacGuineas: The Galling Mistake That Led The US To Its Current Debt Problem

Maya MacGuineas is president of the Committee for a Responsible Federal Budget and head of the Campaign to Fix the Debt. She recently wrote an opinion piece for CNN, an excerpt of which is below.

There are certain signs of fiscal mismanagement by government that no country should ignore: running up the debt when there is no good reason to; allowing interest payments to squeeze out other parts of the budget; promising to provide benefits in the future with no plan for how to fund them.

Disturbingly, this is an accurate description of how the US has been operating for quite some time now. Yet neither of the leading presidential candidates has a serious proposal to address these troubling trends. 

Read the entire piece here.

Published works by members or staff of the Committee for a Responsible Federal Budget do not necessarily reflect the views of all members or staff of the Committee.