Deficit $4 Trillion More — Brian Riedl

In reality, the President’s budget agenda would result in:

An additional $5 trillion in spending, $1 trillion in revenues, and $4 trillion in deficits over the next decade; Budget deficits adding $13 trillion to the national debt over the next decade; The national debt held by the public surpassing $20 trillion by 2019, reaching nearly 100 percent of gross domestic product (GDP) Annual budget deficits rising to nearly $2 trillion by 2019 Spending surpassing 28 percent of GDP by 2019, shattering the peacetime record set this year; and
Washington spending more than $37,000 per household in 2019, compared with $25,000 per household in 2008.

Related Posts:

Leave a Reply

7 − two =