On the recordMarch 29, 2011
The CBO projects that by 2030, the federal government will be spending 30 percent of GDP but collecting only 20 percent in tax revenue.
Source
congress.govThe CBO projects that by 2030, the federal government will be spending 30 percent of GDP but collecting only 20 percent in tax revenue.
Quigley cites CBO projections on future government spending and revenue.
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