On December 8, the federal government made two seemingly disconnected but inexorably linked announcements that do not bode well for America’s future.
First, the Department of Transportation hyped an $8.2 billion grant for passenger rail projects.
Second, the Congressional Budget Office revealed that the federal government racked up a $383 billion deficit in just the first two months of FY 2024, with interest payments increasing by a shocking 65 percent year-over-year.
Washington’s continued refusal to rein in wasteful and unnecessary deficit spending has led to an unfocused, unaccountable, and increasingly unaffordable federal government that threatens to derail the economy.
To see why, start with the rail money—the bulk of which will go to California.
