[TomasUSMC]

Question. If we balanced the budget next year....what would happen?

[publiusF27]

Question. If we balanced the budget next year....what would happen?

If we did it in a revenue-neutral way, it would mean cutting federal spending by about 10% of GDP. I do not see that happening, but it might have a few ripple effects if it did. These numbers from the Economic Report of the President are a bit dated, but the current ones are not very different.