April 9, 2018
Highlights of the CBO Budget and Economic Outlook
The American Action Forum’s Gordon Gray beaks down the highlights of the CBO’s Budget and Economic Outlook. See excerpt below:
“Interest payments on the debt will reach $915 billion in 2028. This figure reflects a more than tripling of debt service costs of $263 billion in FY2017. By 2025, interest payments on the debt will be the federal government’s third largest spending program – exceeding defense spending, Medicaid, and the Disability Insurance component of Social Security.”
Click here to read the full analysis.