The Senate Will Vote on a $2.7 Trillion Budget Deal That Adds to the National Debt. The Democrats' Debates Ignored It.
Mitch McConnell,Debt,Budget,Deficit,Debt Ceiling,Federal Budget,Economy And Jobs
Before the end of the day, a budget-busting, deficit-hiking, $2.7 trillion spending deal will probably be on its way to President Donald Trump's desk, and he appears willing to sign it.
But you wouldn't know about that if you watched this week's Democratic primary debates.
The Senate is poised for a final vote on the budget deal later Thursday—the bill cleared the House with bipartisan support last week, after Speaker Nancy Pelosi (D–Calif.) and Treasury Secretary Steve Mnuchin hammered out the details last month. The two-year, $2.7 trillion budget deal hikes federal spending by about $320 billion annually and is estimated to add about $1.7 trillion to the national debt over the next decade. It also shatters budget caps. It actually hikes spending above the pre-sequester baseline that was in place prior to the 2011 budget deal, which temporarily reduced federal spending and brought an end to trillion-dollar deficits for a few years.
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