The Congressional Budget Office and the Office of Management and Budget both project that federal government spending will be about $4.6 trillion in fiscal year 2020. In fact, federal spending in 2020 will be about $5.2 trillion.

The Congressional Budget Office and the Office of Management and Budget both project that federal government spending will be about $4.6 trillion in fiscal year 2020. In fact, federal spending in 2020 will be about $5.2 trillion. https://t.co/TsMYYpAMLC #CatoEcon pic.twitter.com/ryfgzdapAE

— Cato Institute (@CatoInstitute) September 22, 2019