March 12, 2015

CBO Analysis of the President's FY 2016 Budget

Today PGPF released a new report on the Congressional Budget Office's analysis of the President's proposed fiscal year 2016 budget. Using their own economic and technical assumptions, CBO finds that under the President’s budget, debt would remain at historically high levels over the next ten years, interest costs would climb sharply, and mandatory spending would continue to grow while funding for discretionary programs declines to historically low levels.

Click here for the full report, "CBO Analysis: Debt Remains High under President's Budget," which includes chart information on key data points.

What Does the Debt Mean for Our Future?

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National Debt Clock

See the latest numbers and learn more about the causes of our high and rising debt.