House Budget Resolution Opens Door To $95 Billion In New Debt
The July 15 measure hands Armed Services $60 billion, Intelligence $13 billion, Agriculture $12 billion, and Administration $10 billion, no cuts attached.
- $95 billion in primary deficit increases allowed through 2036 under the resolution.
- Over $100 billion added to the debt this decade after interest, per CRFB.
- National debt already exceeds GDP; interest payments top $1 trillion a year.
Why it matters: The process built to force fiscal discipline now certifies more debt without requiring a single offset.
Committee for a Responsible Federal Budget (CRFB) press release ↗ · Jul 16, 20267/16/26