As U.S. and Israeli forces continue hammering Iranian targets for a second week, a prominent fiscal watchdog is sounding an alarm that has nothing to do with battlefield strategy: America’s soaring national debt may be its most dangerous vulnerability of all.
The Committee for a Responsible Federal Budget (CRFB), a nonpartisan Washington think tank, released a statement on Thursday warning that the ongoing military conflict with Iran has exposed the United States’ precarious fiscal position—and calling on Congress to act with unusual restraint if it moves to pass a war funding package.
