On the recordMay 25, 2021
The Congressional Budget Office projects debt to reach 102 percent of GDP by the end of this year and 200 percent by 2051 under current policies unless there are changes.
Source
congress.govThe Congressional Budget Office projects debt to reach 102 percent of GDP by the end of this year and 200 percent by 2051 under current policies unless there are changes.
Shelby cites projections of future federal debt growth.
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A complex and evolving security environment requires a serious commitment to our national defense.
Deterrence requires spending our limited resources on both offensive and defensive weapons.
We have got to get our arms, one, around the inflation first, and then try to boost our defense capabilities in a dangerous world.