Congress Balances Budget: A Look Back at 20 Years

For over two decades, the federal government has not balanced its budget, leading to significant financial obligations to lenders and creditors due to persistent overspending. This trend has been likened to 'girl math,' a humorous term used to describe justifications for spending that can sometimes border on irresponsible. The concept has gained popularity on social media, illustrating how individuals rationalize purchases by framing them as savings or free transactions. As Congress reconvenes in Washington, D.C., following its summer break, lawmakers face the critical task of passing 12 appropriations bills before the new fiscal year begins on October 1. Historically, disagreements over spending levels have resulted in the passage of continuing resolutions to keep the government funded, rather than a balanced budget. This pattern is expected to repeat itself this year, with Congress likely finalizing a budget just days before Christmas. The ongoing inability to balance the budget raises concerns about fiscal responsibility and the impact on American taxpayers, who ultimately bear the financial burden of government spending. The lack of a balanced budget reflects deeper issues within the congressional budget process, where political maneuvering often takes precedence over sound financial management. As the new fiscal year approaches, the implications of Congress's spending decisions will continue to affect citizens, who are left to manage the consequences of a budget that fails to align with their needs and expectations. The cycle of overspending and delayed budgeting underscores the challenges faced by lawmakers in achieving fiscal discipline.