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US Congress dysfunction leads to record deficits and debt

The U.S. Congress has demonstrated a pattern of dysfunction, failing to pass all annual appropriations bills for 30 consecutive years and only fulfilling its fiscal responsibilities four times since World War II. This has contributed to a record $432 billion deficit in July and a total federal debt exceeding $40 trillion, with liabilities and unfunded obligations projected to surpass $147 trillion. To address this, reforms such as a "No Budget, No Pay" rule, where members are not paid until appropriations bills are passed, and automatic continuing resolutions at prior-year levels are proposed. Additionally, repealing the debt ceiling and replacing it with a constitutional amendment limiting debt to 110-120% of GDP is suggested to curb federal spending. AI

RANK_REASON Article discusses ongoing issues with US Congress's fiscal responsibilities and proposes reforms, fitting the commentary bucket.

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US Congress dysfunction leads to record deficits and debt

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Article discusses ongoing issues with US Congress's fiscal responsibilities and proposes reforms, fitting the commentary bucket.
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COVERAGE [1]

  1. Fortune TIER_1 English(EN) · Steve H. Hanke, David M. Walker ·

    Congress is so dysfunctional and irresponsible it’s only done its job four times since World War II

    The federal government had a record $432 billion deficit in July and hit the $40 trillion total debt threshold in August — and Congress took a break.