The amount of debt that is projected under the extended baseline would reduce national saving and income in the long term; increase the government's interest costs, putting more pressure on the rest of the budget; limit lawmakers» ability to respond to unforeseen events; and increase the likelihood of a fiscal crisis, an occurrence in which investors become unwilling to finance a government's borrowing unless they are compensated with very high interest rates. (cbo.gov)
To keep overall spending to our targeted $ 234 billion in 2014 would require cutting the whole $ 20 billion out of the rest of the budget: about one dollar in six. (macleans.ca)
The difference is made - up from interest payments that are owed to the trust funds, but that amounts to one part of the government paying another, so it is already adding pressure onto the rest of the budget. (crfb.org)