Question

According to wisconsin congressman paul ryan, what drives annual budget deficits more than anything else at the federal level?

Answer 1

According to Paul Ryan, mandatory spending drives the budget deficit more than anything else at the federal level.

Paul Ryan is one of the speakers from the United states of representatives. His annual budget planning leads to a deficit of about 439 dollars for the State government.

Mandatory spending includes health care and medical funding. and funds spent for social security.

The total estimated cost of this mandatory funding was 2.5 trillion in the year 2017.

It is feared that this mandatory spending would bring further deficit in the US budget because of the growing population and rising demands. The estimated rise in budget for mandatory spending needs is around 4.3 trillion dollars over ten years.

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