Trillion Dollar Deficits | Citizens Against Government Waste
The WasteWatcher: The Staff Blog of Citizens Against Government Waste

Trillion Dollar Deficits

States Provide Solutions to Federal Budget Woes

With looming trillion-dollar deficits, it’s time for the federal government to learn a thing or two about budget process reform and other cost-savings measures from state governments. 

RSC Budget Provides Only Clear Path Toward Fiscal Responsibility

The national debt stands at more than $22 trillion, with trillion-dollar deficits right around the corner.  Entitlement spending continues to rise and is projected to make up 60 percent of spending for Fiscal Year (FY) 2020.  Social Security will exceed its income in 2020 for the first time since 1982 and Medicare is set to become insolvent by out in 2026. 

Senate Vote Reveals Democrats' True Intentions Behind Green New Deal

It is no secret that the Green New Deal is a terrible deal for taxpayers, as even Senate Democrats, despite their public support, refused to match their votes with their words.

CBO Budget Outlook Projects Debt Disaster is on the Horizon

On January 28, 2019, the Congressional Budget Office (CBO) released its annual Budget and Economic Outlook for 2019 to 2029 and unsurprisingly, the United States’ fiscal outlook remains dreadful.

CBO Projects Strong Economic Growth in 2018 and 2019; Trillion Dollar Deficits By 2020

Today, the Congressional Budget Office (CBO) released its annual Budget and Economic Outlook for 2018 to 2028.  In order to include several important pieces of budget and spending legislation that passed recently, particularly the Tax Cuts and Jobs Act, the Bipartisan Budget Act, and the Omnibus Appropriations package, CBO pushed its usual January release date to April.

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