CBO Director Explains Why We Are Not Facing An Imminent Debt Crisis

Video Description

Republicans love to sound the "debt crisis" alarm, except when they're passing a #GOPTaxScam that actually worsens the gap between revenues and spending. Congressional Budget Office (CBO) Director Phillip Swagel explains that unlike the rhetoric pushed by Republicans, our nation is not facing an imminent debt crisis. Instead, he reminds us that we have the fiscal space to invest in our families and communities today. Additional information: https://budget.house.gov/publications/report/fiscal-outlook-has-deteriorated-under-president-trump https://budget.house.gov/legislation/hearings/congressional-budget-offices-budget-and-economic-outlook-2020 Check out our full video catalog: http://bit.ly/2vC1sSX Follow House Budget Dems on Twitter: http://bit.ly/2IhtHZX Follow House Budget Dems on Facebook: http://bit.ly/2TiKrX2 The House Budget Committee Democratic Caucus is fighting for budget priorities that reflect the values of families across the country. We are committed to investing in our country's future, growing the economy, and preserving the progress we've made in areas like employment, health care, and tax fairness – while keeping our promises to seniors, veterans and the most vulnerable among us.