Congress Can Reduce the Deficit by $7.7 Trillion in 10 Years

Posted on AllSides December 27th, 2022
From The Right
Illustration: Lex Villena; Robwilson39

Dealing with high inflation and an increasingly shaky economy, Americans are forced to make tougher spending choices. With public debt at an all-time high, government should do the same. This feat isn't that hard now that the Congressional Budget Office (CBO) has released a series of budget options showing Congress how to do it.

It's worth repeating that maintaining spending at the current level is not a viable option. Given the dramatic increase in annual federal government spending over the next 30 years—from 22.3 percent of GDP to 30.2 percent—combined...

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