Around this time of year, we usually hear from the president on the state of the union. Now, a bipartisan group of lawmakers want an annual look specifically at our fiscal situation.
The new budget numbers predict that the federal budget deficit will hit the $1 trillion mark by 2023 -- a year earlier than expected last year. National debt held by the public will grow from 77 percent today to 89 percent in 2027 -- that is more than twice the 50-year debt average of less than 40 percent.
The co-chairs of the non-partisan Committee for a Responsible Federal Budget – Governor Mitch Daniels, Secretary Leon Panetta, and Congressman Tim Penny – offered ten action steps to secure our fiscal future for the president-elect.
Former Pennsylvania Governor Ed Rendell and New Hampshire Senator Judd Gregg, co-chairs of the Campaign to Fix the Debt, discussed what Donald Trump could do about the national debt on CNBC’s Squawk Box.
Donald Trump shouldn’t add to the national debt when it is already high by historical standards. That's the message Maya MacGuineas had on CBS's Face the Nation.
National Debt and You