The recently-passed budget is projected to produce a record deficit of nearly $2 trillion in the next year alone, yet the leadership in Congress seems insistent on running up the debt even further on the backs of our children and grandchildren.
Today, for example, the House of Representatives passed the “21st Century Green High-Performing Public School Facilities Act”. According to Congressional Budget Office estimates, this bill is expected to spend around $40 billion over its authorized period. While the larger goal of energy-efficiency is something to strive for, this piece of legislation is neither necessary nor fiscally responsible during the challenging times we currently face.
To put the size of this bill in perspective, the State of Minnesota’s entire budget spends less than this one bill. This is simply unacceptable. If the federal government wants to spend billions on our schools, that money would be better spent on meeting obligations it already has, such as special education funding. Additionally, this bill further increases federal control over decisions made by local districts, specifically on building projects – which will undoubtedly shift the focus away from needed efforts like closing the achievement gaps across the country.
The bottom line is that Washington cannot continue to borrow and spend with no regard for the future. At the end of the day, these decisions will simply result in more and more debt being passed on to our children and grandchildren, debt they will one day have to pay back –with interest.