Neither GOP Nor Dems Plan Balanced Budget in Next Decade


n response to questions from, House Democratic Whip Steny Hoyer of Maryland and House Republican Majority Leader Eric Cantor of Virginia made clear this week that the American people should not expect either party to balance the federal budget anytime in the next decade.

That’s right: Neither House Democrats nor House Republicans plan on balancing the budget in the next decade.

As of the close of business on March 7, according to the Treasury Department, the national debt stood at $14.186 trillion. Since the Census Bureau estimates there are 112,611,029 households in the United States, this means the federal government has already borrowed $125,974 in the name of every American household.

Read the rest here.


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