CSPAN Up To Our Necks April 30, 2016
Announcer our grand prize winner from oklahoma. Olivia heard, a 10th grader in high school, wants president ial candidates to discuss the federal debt in her video titled, up to our necks. The United States has 18 trillion in debt. So, how exactly does america get up to its neck in debt . Every year, a budget is formed. Sums of thearge federal money, Discretionary Spending. In 2015, it receive 1. 1 trillion. The second section is mandatory spending, which has received 4. 5 trillion dollars. Lastly, there is the interest on the federal debt, which received 229 billion. This all totaled a whoppi...