on c-span. house speaker kevin mccarthy is traveling to the u.s. southern border in arizona. with freshman gop lawmakers. . the speaker who has been criticalof the by demonstration's border policy will get a tour from u.s. customs. watch live coverage here on c-span. you can watch on our website c-span.org and on our free video app c-span now. >> c-span is your unfiltered view of government we are funded by these television companies and more, including comcast. >> you thought this was just a community center? no, it is way more than that. >> comcast is partnering with 1,000 community centers to create wi-fi enabled centers for students of low income families to get them ready for anything. announce comcast supports c-span as a public service, alonwith these other television providers, giving you a front row seato democracy. ofs

analysis of the comments which you can see on c-span. it talked about adding of that $19 trillion to the national debt over the next decade, $3 trillion more than forecast. when it comes to that gap between what the government spends and what it takes from revenues, it says over the next 10 years those deficits will average $2 trillion. it also says the debt held by the public will equal the total annual output of the u.s. economy in 2024, rising 118% by 2033. you can find that on c-span but here is the overview of what

they found when it came to the u.s. fiscal position. [video clip] >> in the latest projections released today the budget deficit average $2 trillion over 2024 to 2033. that is about federal spending general remaining unchanged. the deficit grows to 9.5% of gdp in 2033. that is larger than the 3.6% that deficits have averaged over the last 50 years. here on the screen you can see those deficit figures. the cumulative deficit over the 2023 to 2032 period is $3 trillion larger than last may because of newly enacted

legislation and changes to the economic forecast that boost spending on mandatory programs. the federal debt held by the public is projected to rise from 98% of gdp in 2023 to 118% in 2033. that is an average increase of two percentage points per year. the growth of interest costs and mandatory spending outpaces the growth of revenue and the economy, driving up debt. those persist beyond 2033 pushing federal debt hired to 195% in 2053. turning to outweighs, the increase in mandatory spending is driven by rising costs for social security and medicare. total discretionary spending falls in relation to gdp. as the cost of financing the nation's debt grows, net

outweighs for interest grows substantially. this shows revenues. after reaching a historic high in 2022 receipts from individual income taxes are projected to fall in 2023 because collections on capital gains and other sources, which has been strong in recent years, fall in our projections. this because of the scheduled expiration of the 2017 tax act. host: that is what to expect when it comes to the economy from the congressional budget office over the next 10 years plus. there is other information as well available on our website or c-span now. you heard him talk about the programs that could be impacted by the u.s. fiscal condition. that is what we are asking you. what programs should see more money invested and which should be cut? (202)-748-8001 for republicans,

(202)-748-8000 for democrats, and independent (202)-748-8002. in light of yesterday a couple of headlines to show you with programs in mind, at least what congress may consider doing about them. this is from fox news. the house and the senate republicans in a battle over possible defense cuts in an effort to curb spending. as you heard, social security set to run short one year earlier than expected. he expanded on the state of social security and what might happen to that program because of fiscal estimates. here is some of that from yesterday. [video clip] >> maybe this is the answer for the medicare, social security report but to the numbers give any indication of the solvency dates?

>> it does. that is one thing we have today. the news is that the social security solvency date is within the budget window. it has moved up to 2032 and that is reflecting the main driver of the change of the financial status of social security. of course, there is high inflation and high nominal wage growth that improves the solvency of the system. unmet it led to a deterioration in the system and that moves our exhaustion date forward one year but into the budget window.

to figure out the importance of what that means, that means in 2032, with no change in the law, beneficiaries would see a reduction of more than 20%. they are promised but not payable after the exhaustion of the trust fund date. doing nothing means benefits will go down for all beneficiaries by more than 20%. host: he talked about social security. that might be on your list of programs that should be boosted or cut. call us on the lines that best represent you. you can text us at (202)-748-8003 and you can post on our social media. reaction from members of congress yesterday on the budget and debt issues. this is the fed majority leader chuck schumer on his twitter, chaos in the house on the republican side. each day gets closer to default. that would hurt americans badly

but no closer to a republican plan to lift the debt ceiling. house republicans speaker mccarthy, show is your plan. representative richard neal saying, while the president introduced the budget that would decrease the national deficit by $2 trillion over the next 10 years, republicans are supporting adding $3 trillion to the deficit. extending the trump tax cuts and repealing reforms to lower drug prices also saying the republican playbook would hand out money to the megarich. can the speaker of the house on his twitter -- kevin mccarthy on his twitter yesterday, a blank check will destroy our country. that is why we must negotiate a responsible debt limit and get our fiscal house back in order. senator mitt romney, it is

outrageous and immoral to ignore our burgeoning national debt. we leave our children and grandchildren saddled with the consequences. we have an obligation to get our spending under control now. representative kevin hern saying, there is no better time to address our nation's finances when the bill comes due. that is what reaching the debt limit represents. the american people, who must balance their own budgets, understands this. factor those into your discussions or what you would like to see boosted or cut. mike in maryland, democrat, you are first. caller: one thing about this argument is it appears to me on the surface to be more hypocritical than anything. i say it for this reason. the country as a whole needs to come together. that part is true. what is so bad about it is on

the republican side, where the voters really want no mention of anything related to budget or spending was said by the trump administration. they were scared yellow to say anything about budget cuts in the face of dealing with trump. all of a sudden the democrats are running the country into the hole. if you are going to say that without proof, show the proof, number one, and then show the solution. not for individual parties but for the country at large. host: that is the politics behind it but as far as specific programs, is there anything you would like to see increased or cut? caller: let me say this across-the-board. what i see now and based on the current climate none of the programs should be cut with the exception of this

>> about 3% of the budget needs to be reduced. host: let's hear from alan. caller: my key points are simple. i would like to see 25% of that reduced and eliminated a number two, when you go through that side of it, spending is on believable and the number thing is attacking the people of the united states and the less department was spaceports fighting trump and i guess that

is -- spaceports fighting donald trump and i guess that is -- it is the things he is doing like joe biden, taking out the oils refineries and took be cost-of-living through the roof the cost of living through the roof -- the cost of living through the roof. host: what can be done? caller: there are 187 departments? host: what is the number one for you? caller: what would be interfering with the people. it is too difficult. host: ok, independent line in connecticut. caller: it is julian.

we are missing the point. one person let out the fact that we are in a -- that we will be in a world war within five years and the military industrial complex will never get any cuts. the union -- the only vantage the u.s. at has is there worldwide currency. if you look at the exchange between the ust and the russian ruble, the russian ruble is worth one cent and they can function because they can print money. host: when you put military on top of that list? -- what you put military on top of that list -- would you put military on top of that list? caller: they will never cut that. host: what would you cut? caller: it will be will quick.

-- real quick. there is no such thing as inflation. it is currency devaluation. what i would cut is all the stimulus -- stimuli that the government keeps throwing up people and businesses. businesses just like two much money to throw around. host: howard is next in indiana.

caller: i would boost health care, so we have a universal health care system. increase space force so that we dominate the next frontier of space. i think that is an economic benefit to the whole world because it will allow us to tap into the resources of the entire solar system as opposed to just a single planet. i think this whole move to austerity makes no sense in our current climate. our economic footprint is very dynamic. we have a great deal of potential, but we are arguing over irrational things. we have a sovereign fiat currency. that means the u.s. issues currency sufficient to meet the expenditures it needs. we do not operate on a revenue basis. in other words, we are not drawing from tax proceeds to fund our federal government. that is not how it operates. host: let me ask you this. you said universal health care. what would such a system do for the united states, other than the obvious aspect of health care? why do you think it should be reformed? caller: because it would free the individual to pursue the best life for themselves and the

best economic opportunity for themselves, which would result in the best outcome for our nation. it would increase our economic capacity. for example, if we had universal health care, an individual would be free to look at jobs anywhere in the country without worry about health care. that is one example. the second example, they would not have to worry about health care for all of their family. if they are still blessed with parents, they do not have to worry about health care with their parents. we have medicare that covers much of that. the bottom line, i think we do not budget to the economic capacity of our nation. we budget to some false constraint about revenue and expenses, which do not apply when you have a sovereign fiat currency. host: gotcha. we will leave it there. you can add your comments to the mix. (202)-748-8001 for republicans, (202)-748-8000 for democrats, (202)-748-8002 for independents.

you can text us at (202)-748-8003. the new york times analysis looking at the cbo's estimates, drawing this comparison over many administrations. when it comes to america's debt it is the product of policy choices and economic shock s largely since the turn-of-the-century when the federal government spent less money than it received in taxes. tax cuts by president george w. bush, barack obama and donald trump reduced government revenues. wars in iraq and often -- afghanistan started under bush were not offset by tax increases. obama, trump and biden signed into law trillions of dollars of emergency spending to combat the 2008 financial crisis and the 2020 pandemic recession. the cbo report confirmed that -- what analysts have predicted for years, that those costs of providing social security and medicare to retiring baby boomers will grow rapidly in the decade to come. maybe it is those programs you

see the need for a boost or cut. others mentioned the defense department. maybe there are more than either -- more programs as well, either should be receiving more money or should be cut. (202)-748-8001 for republicans, (202)-748-8000 four democrats, (202)-748-8002 for independents. paul in chesapeake, virginia. independent line. oh, let's go to james in washington, d.c. caller: yes, everybody is talking about going into debt. if we collect half the money we get to foreign aid back, we would be in right shape -- great shape. we borrowed money to give other people. why do you think we are in debt? we give more than we receive. host: foreign aid is where you would start? caller: foreign aid. we should collect money for this countries that we gave money to. host: what you think the benefit

is in doing that? caller: we wouldn't be in debt. why do we borrow money to be in debt? we borrow money to give to other countries and then the people of this country have to pay it back. host: al is in missouri, independent line. caller: yes, sir. i have a plan to get this debt under control. first thing we do is get rid of any charities, ngo's and any not-for-profit until the debt is paid. then we take the $137,000 cap off of social security and go to $100 million only for those programs. your maximum collection is 3000 and after 100 million, you continue the taxes and those $100 million those go directly to the debt with a maximum payment of $3000 a month. that way in 10 years we could be completely out of debt. host: how did you come to those estimations?

how did you develop that plan? caller: i like the market and legal stuff. i figured out if you do those two things, we could be out of debt in less than 10 years. host: as far specific programs, would you like to see those -- some preserved or some cut in that process? caller: there could probably be some cutting but what they need to do in congress, because we need to bring the house down from 433 to 100, they need to make a council of common sense and pick a person that makes -- who makes probably less than $500,000 a year and make a council of 100 people that do not get paid by the federal government. they can come up with some ideas because at the rate we are going, we are going to have to have a convention of states in order to straighten our government out because there is no other choice. here is the perfect plan and it will work. host: al in missouri offering a

plan for resolving budget issues. some of you texting us as well specifically on the program. this is from candy saying, programs to boost military, social security, nasa, minimum-wage programs. that should be cut and revamped, -- warner event -- or programs that should be cut or revamped, welfare, stimulus and unemployment funds. mike in florida saying, most of the debt was republican tax cuts for the rich. let's go back to the tax rates we had when ike was in office. the loopholes in the tax need to go to the rich to pay for everyone else. stephen in michigan saying, is not spending, it is starting by cutting corporate welfare and rewriting the tax code so that. -- so that everyone pays. some of the suggestions coming in off of our texting. you can post a tweet as well on our twitter feed @cspanwj. wayne in kentucky on the republican line.