Insolvency

“The proposal would boost total spending by 4.9 percent, mainly as a result of increases in mandatory programs, most notably Social Security, and a rise in interest payments on the national debt. In keeping with the two-year budget deal struck with Congress in December, the president requested only a slight increase, less than 1 percent, in discretionary spending programs overall, though Republicans still accused him profligate spending.”

https://www.washingtonpost.com/business/economy/obamas-final-budget-proposal-calls-for-an-almost-5-percent-spending-boost/2016/02/09/0286da7e-cf3a-11e5-b2bc-988409ee911b_story.html

http://www.brookings.edu/research/opinions/2015/04/08-federal-debt-worse-than-you-think-haskins

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