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BudgetHawks's profile
CRFB.org
CRFB.org
CRFB.org
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@BudgetHawks

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CRFB.orgVerified account

@BudgetHawks

The Committee for a Responsible Federal Budget is a bipartisan group of budget experts concerned about this nation's fiscal future. #FixTheDebt

Washington, DC
crfb.org
Joined January 2010

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    1. CRFB.org‏Verified account @BudgetHawks Oct 15

      The Treasury Department today reported the official fiscal year 2018 deficit was $779 billion, an increase of $114 billion, or 17 percent, from last year. See our statementhttp://www.crfb.org/press-releases/fy-2018-deficit-779-billion …

      3 replies 11 retweets 6 likes
      Show this thread
    2. CRFB.org‏Verified account @BudgetHawks Oct 15

      Deficits are rising – and fast. In as soon as a year, they will top $1 trillion and never come back down unless Congress acts.

      1 reply 2 retweets 1 like
      Show this thread
    3. CRFB.org‏Verified account @BudgetHawks Oct 15

      This year’s deficit amounts to $6,200 per household and is more than we spend each year on Medicare or defense.

      1 reply 8 retweets 6 likes
      Show this thread
    4. CRFB.org‏Verified account @BudgetHawks Oct 15

      Interest on the debt rose by $62 billion over the previous year to $325 billion, which amounts to twice as much as we spend on the Departments of Transportation and Homeland Security combined.

      1 reply 0 retweets 1 like
      Show this thread
    5. CRFB.org‏Verified account @BudgetHawks Oct 15

      Under current projections, annual interest payments on the debt could top $1 trillion by 2030.

      1 reply 2 retweets 2 likes
      Show this thread
    6. CRFB.org‏Verified account @BudgetHawks Oct 15

      As expected, recent tax cuts and spending increases – all put on the national credit card – are making a bad problem even worse.

      1 reply 0 retweets 1 like
      Show this thread
    7. CRFB.org‏Verified account @BudgetHawks Oct 15

      It’s an unsustainable fiscal course that will lead us to debt overtaking the size of the entire economy in as soon as a decade, and not long after topping all-time highs as a share of the economy not seen since World War II.

      1 reply 1 retweet 3 likes
      Show this thread
    8. CRFB.org‏Verified account @BudgetHawks Oct 15

      Those elected to Congress this year will face stark and difficult choices to put the debt on a downward path and protect our nation’s social programs from insolvency. It’s no longer a problem for the future.

      2 replies 1 retweet 3 likes
      Show this thread
    9. CRFB.org‏Verified account @BudgetHawks Oct 15

      Our full statement on the FY 2018 $779 billion budget deficit is athttp://www.crfb.org/press-releases/fy-2018-deficit-779-billion …

      1 reply 0 retweets 2 likes
      Show this thread
      CRFB.org‏Verified account @BudgetHawks Oct 15

      Try to close the gap yourself with our Debt Fixer federal budget toolhttp://www.crfb.org/debtfixer/ 

      12:11 PM - 15 Oct 2018
      0 replies 0 retweets 0 likes

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