CBO projects that net interest and mandatory program spending will exceed revenues. Really should say receipts, because revenues are something you earn, receipts are something you confiscate, but CBO projects that net interest and mandatory program spending will exceed revenues by a trillion, $689 billion over the next 10 years. It's simply saying if you actually put in the mandatory programs and the interest we owe, it consumes every dollar of tax receipts. (11:02–11:09)
CLAIM
Asserts that CBO projects net interest and mandatory spending will exceed revenues by $1.689 trillion over the next 10 years.
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