Center of the American Experiment Issues Commentary: How Did the Federal Budget Blow Up
September 03, 2026
September 03, 2026
MINNETONKA, Minnesota, Sept. 3 -- The Center of the American Experiment, a civic and educational organization that says it creates and advocates policies, issued the following commentary on Sept. 1, 2026, by economist John Phelan:
* * *
How did the federal budget blow up?
Last month, the federal government's total debt hit $40 trillion. How did this happen?
The simple answer is that, every year since 2001, the federal government has spent . . .
* * *
How did the federal budget blow up?
Last month, the federal government's total debt hit $40 trillion. How did this happen?
The simple answer is that, every year since 2001, the federal government has spent . . .