CRFB Warns Trump’s $1.5 Trillion Defense Budget Could Add Trillions to U.S. Debt
The Committee for a Responsible Federal Budget (U.S. fiscal watchdog) cautions that the proposed military spending increase could significantly expand national debt levels.
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Terms & Concepts
Committee for a Responsible Federal Budget (CRFB): A nonpartisan U.S. fiscal policy organization that analyzes budget proposals and their impact on national debt.
Defense Budget: Government spending allocated to military operations, equipment, and personnel.
National Debt: The total amount of money owed by a country's government to creditors.