National debt could hit $100 trillion by 2037 if Trump budget is ignored, cuts $4.4 trillion over 10 years:
http://dailytorch.com/2020/02/national-debt-could-hit-100-trillion-by-2037-if-trump-budget-is-ignored-cuts-4-4-trillion-over-10-years/
President Donald Trump and the Office of Management and Budget have completed another budget, this time for Fiscal Year 2021, that proposes $4.4 trillion of spending cuts over the next decade and reaching balance within 15 years. Put another way, the Trump administration proposes spending $56.3 trillion over the next decade instead of the $60.7 trillion projected to be spent under current law. But, unless Congress acts on those proposals, the federal government will continue to spend the monies already allocated under the law—and then some—causing the national debt, now $23.2 trillion, to continue to skyrocket. Since 1980, the national debt has averaged 8.74 percent growth a year while the economy has only managed 5.4 percent nominal growth, that is, before adjusting for inflation. If these trends continue without any fiscal adjustments by Congress, by 2037, the national debt will reach a whopping $100 trillion, or about 192 percent of debt to GDP, which will only be about $56.5 trillion by that time. Will Congress ever cut spending?
