Meanwhile, federal spending has grown. A lot. And not just on the growing legions of elderly Americans; defense and other areas of discretionary spending have also shot up under Trump’s presidency. So have interest payments on the debt, even as interest rates have fallen.
There’s nary a peep about any of these trends from politicians of either party. And don’t expect one anytime soon – at least not until there’s a Democrat back in the White House, when we can expect all those Republican fiscal hawks to abruptly fly back home.
Catherine Rampell is a columnist with the Washington Post Writers Group. Her email address is [email protected]
Follow her on Twitter, @crampell