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Apparently somebody takes issue with my comment, so here's the CBO's own analysis for 2024[1]. Total Revenue: 4.9 trillion Mandatory Spending: 4.1 trillion N
by alistairSH 1y ago
Apparently somebody takes issue with my comment, so here's the CBO's own analysis for 2024[1].
Total Revenue: 4.9 trillion
Mandatory Spending: 4.1 trillion
Net Interest: 0.9 trillion
Discretionary Spending: 1.8 trillion
Yes, we could zero out discretionary spending and just barely eke out a balanced budget. We either need more revenue OR a complete reset on the social contract for a long-term balanced budget.
1 - https://www.cbo.gov/publication/61185 https://www.cbo.gov/publication/61185