The current U.S. spending budget rests at an annual $4 trillion dollars. While certain individuals have noted that $5 billion may pale in comparison to $4 trillion, they seem to believe that it makes for a good start. Many people in this country have expressed concerns about the potentially devastating consequences of the government continuing to spend more and more money as the national debt surges.
What Happens Now?
At this point and time, Congress has exactly 45 days to issue a response to the President’s appeal. The Hill notes that the American taxpayers and economy are also negatively impacted by radically high amounts of government spending. At this point and time, many Americans have also expressed their eagerness to boost government efficiency and lessen the budgets of certain agencies.
Finally, readers of The Hill weighed in with their thoughts regarding the President’s request and overall government spending:
“More neoliberal debt fearmongering.”
“Obama left the country $20 trillion in debt. This is a good start…..“
