A Comprehensive Federal Budget Plan to Avert a Debt Crisis | Manhattan Institute

Note: This report updates the author’s 2018 long-term debt-stabilization proposal and includes additional details and savings recommendations. 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 […]

View all Articles Economics , Governance Tax & Budget June 27th, 2024 79 Minute Read Report by Jessica Riedl Share Download PDF A Comprehensive Federal Budget Plan to Avert a Debt Crisis Photo: Manuel Augusto Moreno / Moment via Getty Images Table of Contents Note: This report updates the author’s 2018 long-term debt-stabilization proposal and includes additional details and savings recommendations. 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 def

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