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 spending is going to be about 23.4, 23.5%. So that deficit spending, where does that money come from? About 5.1. So we've got a structural deficit of around 6% right now. CBO is projecting over the next 10 years, 6%. (06:34–06:42)
CLAIM
Asserts that federal spending is projected to be about 23.4-23.5% of GDP.
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