The whole point of the 1974 budget act and its mechanism of budget resolutions and reconciliation instructions was to enable elected politician to curb their propensity to spend and borrow, and to thereby put an effective lid on the public debt.

A half century latter, however, the House Republicans are making a sheer mockery of the act with a resolution which actually instructs four leading House Committees to do the opposite. That is, to RAISE the deficit by $6 trillion over the next decade!

You can't make this up! Here are the GOP's budget resolution "instructions" for massive amounts of more red ink.

House GOP's Deficit Increase Instructions–Next 10 Years:

Ways and Means Committee for tax cuts: +$4,500 billion.

Judiciary Committee for crime and border control: +$110 billion.

Armed Services Committee for Pentagon increases: +$100 billion.

Homeland Security Committee for border control: +$90 billion.

Implied higher interest expense: +$1,200 billion.

Total Deficit Increase: +$6.0 Trillion.

We will get to the largely phony spending cuts and "economic growth" offsets in a moment, but the larger point here is the grotesque insanity of ordering $6 trillion more of red ink, which would come on top of the $22 trillion of cumulative deficits already built into the baseline for the next decade.

That is, even before counting the new flood of red ink depicted above, today's $36 trillion public debt would be nearly $60 trillion by the end of the current 10-year budget window; and by the lights of CBO's rosy scenario, which says the US economy will be recession-free, inflation-free, interest rate flare up-free, energy crisis-free and otherwise performance perfect for the next 25 years, the public debt would hit a staggering $150 trillion by mid-century.

In other words, we are not dealing with a tad too much borrowing or chronically lax fiscal discipline. What is built-in now is a veritable fiscal doom-loop under which soaring debt fuels an eruption of annual interest expense, which, in turn, drives the public debt and interest expense higher still.