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The Crippling Hold of Old Law - WSJ
No one alive is making critical choices about managing the public sector. American democracy is largely directed by dead people—past members of Congress and former regulators who wrote all the laws and rules that dictate choices today, whether or not they still make sense.
Welcome to the Era of Ever-Increasing Deficits | U.S. Chamber of Commerce
Outlays rise from 20.7% in 2015 to 23.1% in 2026, well above historical averages. Among the three components of government outlays, net interest and mandatory spending account for most of this increase. Discretionary spending only rises from $1.2 trillion to $1.4 trillion over the forecast horizon. As a share of GDP discretionary spending is projected to decline from 6.5% in 2015 to only 5.0% in 2026.