Story thread · 3 reports / 3 sources

Editorial Roundup: United States

inquirer.com · 2h · first reportShare

Excerpts from recent editorials in the United States and abroad: ___ Aug. 10 The Washington Post says America's budget is on the precipice of catastrophe The budget of the federal government is the largest of any organization in human history. It’s larger than the entire economy of every foreign country except China. And it mostly grows automatically, without regular input from elected officials. In the past, huge surges in the national debt were largely caused by wars or recessions. They were temporary. When the war concluded or economic growth resumed, debt as a share of the economy would fall. That’s not how it works anymore. The debt increases due to demographic trends as the bulk of spending goes to programs that serve an aging population. The budget deficit as a share of the economy in 2025, during a peacetime expansion, was larger than any year of the 1930s, the decade of the Great Depression. Around 2030, the United States is projected to surpass three milestones that illustrat