The CBO projects that by 2030, the federal government will be spending 30 percent of GDP but collecting only 20 percent in tax revenue.
Mike Quigley: “The CBO projects that by 2030, the federal government will be spending 30 percent of GDP but collecting only 20 percent…”
On the recordMarch 29, 2011
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congress.govEditor's note · Context
Quigley cites CBO projections on future government spending and revenue.
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