From latest in the WSJ:
The Committee for a Responsible Federal Budget enthusiastically endorsed the so-called Inflation Reduction Act, which will raise spending by half a trillion dollars and passed both chambers of Congress by party-line votes. Nearly every fiscal conservative and pro-taxpayer group strongly opposed the bill.
There’s a debate to be had about the advisability of green subsidies, drug price controls and hiring tens of thousands more IRS agents. But what is indisputable is that in the 2½ years since Covid hit America, the federal government has spent and borrowed roughly $5 trillion. The fiscally prudent path would be to begin unwinding this new spending with a program of deep and immediate cuts in the trillions of dollars.
The CRFB has become a cheerleader for bigger government. It is neither authoritative nor fiscally responsible, and its bipartisan leadership is only for show.
