FreedomWorks Statement in Response to CBO Budget and Economic Outlook

WASHINGTON, D.C. — In response to the Congressional Budget Office’s (CBO) Budget and Economic Outlook released today that projects a budget deficit of $1 trillion in 2020, Jason Pye, FreedomWorks’ Vice President of Legislative Affairs, commented:

“The Congressional Budget Office’s latest budget outlook shows that doing nothing to address federal spending is not an option. The budget deficit didn’t magically appear in the past few years. This has been a growing problem because spending continues to rise. Sadly, both parties in Congress have irresponsibly allowed discretionary spending to grow while ignoring mandatory spending, which is the driver of budget deficits. If Congress continues to ignore this problem, it will result in higher borrowing costs, larger budget deficits, and, very likely, a painful sovereign debt crisis that will harm Americans.”

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