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Americans For Prosperity Americans for Prosperity (AFP) and Americans for Prosperity Foundation (AFP Foundation) are committed to educating citizens about economic policy and mobilizing those citizens as advocates in the public policy process. AFP is an organization of grassroots leaders who engage citizens in the name of limited government and free markets on the local, state and federal levels. The grassroots members of AFP advocate for public policies that champion the principles of entrepreneurship and fiscal and regulatory restraint.

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AFP: Budget Deal is a Direct Path to the CBO?s Worst-Case Crisis

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Unread 07.23.19, 06:00 PM
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AFP: Budget Deal is a Direct Path to the CBO?s Worst-Case Crisis

07.23.19 07:13 AM

Grassroots group urges Congress to tackle biggest drivers of national debt Arlington, Va. – Americans for Prosperity expressed opposition Tuesday to a reported budget deal that would raise spending levels by $320 billion and extend the debt limit until at least 2021, adding about $2 trillion to the national debt over the next 10 years. According to the Congressional Budget Office (CBO), the U.S. is on a trajectory to see spending and debt explode, with public debt reaching 185% of GDP in 30 years. But even that’s a rosy scenario which assumes Congress sticks to the budget caps.**This deal would put*us squarely on target to see the worst-case scenario projected by the CBO of spending soaring to 33% of GDP and debt spiraling to 219% of GDP.*Congress should consider a plan that either sticks with the spending caps, or allows for restrained growth in discretionary spending, and*coupled with reforms to mandatory spending. A menu of options for such reforms can be found here*in AFP’s latest report on the spending and debt crisis. Americans for Prosperity President Tim Phillips issued the following statement: “This is another shameful example of Washington coming together to leverage a crisis— this time around the debt […]

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