Interest in mandatory program spending will exceed revenues for fiscal year 24. Guess what fiscal year we're in right now? So this isn't some projection for the future. This is today. All discretionary spending is borrowed. I'm just trying to create another chart to make the point. Everything you think of as government is today borrowed. Oh, and in this we actually think there's a couple problems on those total receipts. (16:43–16:48)
CLAIM
Asserts that all U.S. discretionary spending is financed through borrowing.
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