Margaret Spellings

“Our federal programmes spend much more than the government takes in, and the biggest-ticket items in the federal budget are all running on autopilot,”

Margaret Spellings · said date not stated · reported 2026-08-19

Spellings commented on the growing US debt as it neared the $40 trillion threshold.

“Federal debt is already raising the cost of living and choking out other spending and investment, threatening our economy and Americans’ long-term prosperity.”

Margaret Spellings · said date not stated · reported 2026-08-19

Spellings warned that federal debt is raising living costs and threatening long-term economic prosperity.