K-12 Tax & Spending Climate: A Deeper Hole

Fix the Debt:

We heard a lot of concern about the national debt from the politicians in Washington this year. However, policymakers still managed to add over $1 trillion to the debt in 2015.

Not paying for legislation and budget gimmicks that masked the true cost of new policies added up this year. The biggest hole was dug just before Congress left for the rest of the year with a massive tax and spending package. When interest is included, nearly $1.2 trillion over ten years was added to the debt.