The Committee for a Responsible Federal Budget warns the budget would result in the country’s debt rising from 98% of GDP at the end of 2023 to 106% by 2027 and then 110% by 2033.
According to their analysis, despite some attempts at deficit reduction, nominal debt would nearly double, growing from $24.6 trillion to $43.6 trillion over the next decade.
"The only way I know how to improve the president's budget is with a shredder," Kennedy said Sunday.