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Fiscal 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.
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Washington ExaminerWashington Examiner

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…

·Washington, United States
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Conservative PlaylistConservative Playlist
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Red Wave PressRed Wave Press

Fiscal 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…

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The Center SquareThe Center Square
+3 Reposted by 3 other sources

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

·United States
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highlandcountypress.comhighlandcountypress.com

Fiscal hawks: House budget plan could add $25 trillion in debt over next decade | The Highland County Press

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.

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Dailyfly - Lewis Clark Valley NewsDailyfly - Lewis Clark Valley News

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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Just the News broke the news in Washington, United States on Sunday, February 16, 2025.
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