Manhattan Institute:'A Comprehensive Federal Budget Plan to Avert a Debt Crisis'
July 03, 2024
July 03, 2024
NEW YORK, July 3 (TNSres) -- The Manhattan Institute issued the following report on June 27, 2024 by Brian Riedl entitled "A Comprehensive Federal Budget Plan to Avert a Debt Crisis."
Here is the executive summary:
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Annual budget deficits doubled to $2 trillion over 2022-23 and are headed toward $3 trillion a decade from now. Social Security and Medicare face a combined $124 trillion cash deficit over the next 30 years. The national debt is p . . .
Here is the executive summary:
* * *
Annual budget deficits doubled to $2 trillion over 2022-23 and are headed toward $3 trillion a decade from now. Social Security and Medicare face a combined $124 trillion cash deficit over the next 30 years. The national debt is p . . .