Committee for a Responsible Federal Budget

$180 Billion Added to the Debt This Congress - How Deep Will Congress Dig?

Apr 28, 2015 | Budgets & Projections

Our partners at Fix the Debt released a graphic yesterday highlighting the fiscal irresponsibility of the 114th Congress in the few months it has been in session so far. On top of the $7.2 trillion in deficits the federal government was already expected to run over the next ten years, they have already added $180 billion more to debt by 2025 through the Department of Homeland Security funding, the physician payment law that we have written extensively about, and additional interest costs produced by these two measures and some other pieces of very small deficit increasing legislation.

We hope that Congress will reverse this debt-digging trend and begin to fill in the budget holes with additional savings and revenues to make up for the position they have dug us into.