Huffington Post: "The government will spend $544 billion more than it takes in this year -- a $105 billion increase in the deficit from 2015, according to the CBO. At the same time, federal spending will increase by more than 20 percent … the result of a 7 percent increase in mandatory spending, a 3 percent increase in discretionary dollars, and a 14 percent jump in interest payments on debt … including a tax extenders package attached to the omnibus appropriations bill."
Wednesday, January 20, 2016
Now that Republicans are in control: Budget Deficit Increases after 6 years of Decline.....
I think this says it all about our big talking supply-siders...an actual paragraph from the CBO report: