This morning House Republicans were provided with a budget briefing by the Bipartisan Policy Center containing the facts and figures on the nation’s current debt situation, and the choices available for balancing the budget.
“This data is useful for examining the realities of the deficit spending problem,” says Carter, “and I would like for folks in Texas to have a look at what we’re being shown up here. Take everything with a grain of salt since this is from Washington, but in context with other information from other sources this provides a decent foundation for examining the challenge we face from out-of-control federal spending.”
Balancing the Federal Budget - Try It Yourself
From the Bipartisan Policy Center: The federal government has an estimated $306.7 billion in payment obligations for August 2011 after the 2nd of the month. The U.S. will take in $172.4 billion in revenue from August 3 to 31, 2011. Check out the following tools to make the difficult choices that would prioritize programs and balance the books:
