Wait, maybe that's just one more bottom line number. Okay, so we're going to spend over 7 trillion this year. How much do we take in in tax receipts every year? Federal revenue will be, according to CBO, 18.1, even though it's about 17.1. But they're projecting that we're going to increase or have an automatic tax increase next year. So they bump that to 18.1 and federal spending is going to be about 23.4, 23.5%. (06:25–06:31)
CLAIM
Asserts that CBO projects federal revenue to be 18.1% of GDP, though it is currently about 17.1%.
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