"How are we going to pay for it?" America needs to downsize or increase revenues.

[OfTheCross]

CBO Releases Infographics About the Federal Budget in Fiscal Year 2020

The Federal Budget in 2020 as presented by the CBO...

Lol @ the revenue from "Corporate Taxes"

 

[AnonymityX1000]

Increase taxes on the rich and corporations.

 

[DEAD7]

Highest corporate tax rate among advanced economies.

...might be a spending problem

 

[DEAD7]

@ military spending being a drop in the bucket.


2020 was a wild year, it was guaranteed to look crazy on paper.

 

[Conan]

Cut down further on defense

 

[phcitywarrior]

Gotta cut back on spending and increase taxes.

The US is getting to that point where its deficit is really gonna start looking funny in the light. IIRC outstanding debt is now larger than GDP....

 

[OfTheCross]

@ military spending being a drop in the bucket.


2020 was a wild year, it was guaranteed to look crazy on paper.

a drop in the bucket?

It alone, is more than 40% of our discretionary spending.

 

[OfTheCross]

Just for the sake of comparison...we're taking in the same amount of money consistently....

 

[DEAD7]

a drop in the bucket?

It alone, is more than 40% of our discretionary spending.

It’s a drop in the 6.6 trillion dollar bucket... which is what I thought we were looking at

 

[OfTheCross]

It’s a drop in the 6.6 trillion dollar bucket... which is what I thought we were looking at

10% is still a considerable amount


It's one of the big ticket items that need reform along with the mandatory expenses.