Full Effects of Recent Budget Bill

The new Budget Bill of the final month of 2015 will have long lasting effects on the economy in many different sectors. It is already known that it shut down many different filing strategies for Social Security, but it also has many other far reaching consequences. Experts say that it will lead to several hundreds of billions of dollars of additional debt over the next decade. The deal increased federal spending in many different areas, but did not allocate appropriate funding in order to meet the new goals. The changes to Social Security were the first wave of cost saving measures in order to help pay for the additional spending, but it was not nearly enough to pay for everything. For more information, visit this article by James C. Capretta with The American Enterprise Institute.


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