A report from Kate Davidson and Jon Hilsenrath in the Journal is a handy reminder that almost nobody in Washington is interested in cutting spending. The current splurge occurs even as the federal government acknowledges more than $22 trillion in debt and owes much more if promises of future benefits are counted. If there’s a bipartisan consensus to continue borrowing, the Trump administration should at least try to improve the terms. “Debt as a share of economic output has more than doubled over the past decade,” report...

Source: Wall Street Journal June 13, 2019 21:56 UTC