US EditionFiscal hawks: House budget plan could add $25 trillion in debt over next decade
- House leaders have praised their budget plan, but it could add $25 trillion to U.S. debt over the next decade, as noted by Michael A. Peterson, CEO of the Peter G. Peterson Foundation.
- The Congressional Budget Office stated the budget won't pay for itself without further offsets, leading to an increase in debt by 2034 to 126% of GDP.
- Gene Dodaro, U.S. Comptroller General, projected that public debt could reach unprecedented levels by 2027 without immediate action from Congress and the Administration.
- The budget resolution allows for a nearly $4 trillion increase in borrowing and $4.5 trillion in revenue reductions, raising concerns about unsustainable fiscal paths.
9 Articles
9 Articles
Fiscal hawks: House budget plan could add $25 trillion in debt over next decade - Washington Examiner
(The Center Square) – House leaders have praised their early work on crafting a budget, but outside groups estimate the spending plan could add $25 trillion to the national debt over the next decade. Part of the disconnect is the extension of the 2017 Tax Cuts and Jobs Acts, which Republicans view as preventing a tax hike rather than a reduction in revenue. Extending the provisions could considerably add to U.S. debt without corresponding spendi…
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Red Wave PressFiscal Hawks: House Budget Plan Could Add $25 Trillion in Debt Over Next Decade
(Just The News)—House leaders have praised their early work on crafting a budget, but outside groups estimate the spending plan could add $25 trillion to the national debt over the next decade. Part of the disconnect is the extension of the 2017 Tax Cuts and Jobs Acts, which Republicans view as preventing a tax hike rather than a reduction in revenue. Extending the provisions could considerably add to U.S. debt without corresponding spending cut…
The Center Square
Fiscal hawks: House budget plan could add $25 trillion in debt over next decade
(The Center Square) – House leaders have praised their early work on crafting a budget, but outside groups estimate the spending plan could add $25 trillion to the national debt
Critics say House Budget Plan Could add $25 Trillion in Debt Over the Next Decade
February 16, 2025 Jade # Critics say House Budget Plan Could add $25 Trillion in Debt Over the Next Decade (Washington, D.C.), House leaders have praised their early work on crafting a budget, but outside groups estimate the spending plan could add $25 trillion to the national debt over the next decade. Part of the disconnect is the extension of the 2017 Tax Cuts and Jobs Acts, which Republicans view as preventing a tax hike rather than a reduct…
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