CBO: National Debt Projected to Surpass 150 Percent of GDP in Next 30 Years
Entitlement spending, health care costs, and the GOP tax legislation will drive up the debt.
Entitlement spending, health care costs, and the GOP tax legislation will drive up the debt.
The Congressional Budget Office is about to release a report. Spoiler alert: It won't be pretty.
It would leave slightly fewer people without insurance coverage than under the original version of the bill, but would trim less from the federal deficit.
Congressional Budget Office projections vs. Office of Management and Budget projections
Because they found economists who say otherwise
For an estimated $1.2 trillion over the next decade, we can subsidize your freedom.
Analysis says it will add to deficit an cost jobs
If we're to get even close to balancing the books, "mandatory" spending is in for deep cuts.
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