CBO projections show increases in major entitlements+interest payments are crowding out all other spending
April 3, 2017
In The News
CBO projects that in 10 years Social Security and other mandatory health spending will increase 82% [$1.6T] other mandatory spending will grow 40% [$198B]. Discretionary spending will increase by 22% [$265B] and Net interest spending will raise 185% assuming low interest rates.