South Dakota Senator John Thune says Congress passes spending bills every year that does not look at long term financial impacts. He says that pushes debt down to future generations.
Thune says he, along with a co-sponsor, have introduced a bill that details future financial obligations.
Thune says it’s a full disclosure bill.
Thune and Kaine’s bill, the Intergenerational Financial Obligations Reform (INFORM) Act, would also require the president to provide a detailed accounting of how the administration’s budget would affect young people.