Aug 30, 2018 ... Congress has not yet rendered its ultimate verdict on the subject. ... border wall,  cuts to social programs, overall spending levels and other politically charged  issues. ... “Under current law, locality pay increases averaging 25.70 percent,  costing ... “We cannot balance the budget on the backs of our federal ...
If Congress froze the current spending level and then cut it by 2 percent annually,  "we could balance the budget in five years." — PolitiFact Virginia on Thursday, ...
Jun 19, 2018 ... Under the draft budget plan, defense would then grow by 5 percent a ... which  would mean a $55 billion or 9.2 percent cut from the current fiscal ... year but  would then be frozen at the fiscal 2021 level, or $555 billion, through 2028. ...  however, since they are only directed to come up with a fraction of the ...
Oct 10, 2018 ... Annual budget deficits are projected to soon surpass $1 trillion, ... I. Why the Debt  Is Soaring .... discretionary spending to levels—as a percentage of GDP—unseen  ... even after Washington would have run out of other spending to cut. .... Over the  past 15 years, congressional GOP deficit-reduction budget ...
The federal government is spending about $500 billion a year more than it is  raising in taxes. If nothing is done, that gap will widen to around $700 billion  annually by ... But longer-term deficits of the current magnitude are harmful for  five reasons: ... of the Congressional Budget Office (CBO), but they assume that  the tax cuts ...
If Congress froze the current spending level and then cut it by 2 percent annually, "we could balance the budget in five years."