CBO Paints Grim Picture of Long-term US Debt Outlook

cc Flickr Ben Schumin,modified, https://flickr.com/photos/schuminweb/50056569146/in/photolist-2jgk14C-2ks3aXw-gQipVt-FqZhsF-dPTEzJ-SXFiXv-Cs3Jvm-2iD1YUC-9kQqTC-JpgAgm-EQgXqh-nVsA5T-5TxpeN-21ZJQm-EQgXyd-Hd2wbZ-2gMjcYa-22og9FJ-kpMuv-qLohS5-r3Njfe-nVsBwc-ivP5hZ-oW6q-495BHR-nVs4QM-259bYea-kmbGpP-cr1ze5-Dtd2fC-bgAdx-mUsRBp-Efv737-JF9hST-em1YzC-kmaHEP-VGfpXF-kmde6s-eM7Ne4-eMJh6X-9SKuMC-9NXpGw-EQgXxb-EvsroX-ehCMp7-5LfRPd-5H9PEr-iNbnK4-DSrM6e-ciEcUb

Summary

The Congressional Budget Office (CBO) has released its annual report on US federal spending, and while the impacts of a global pandemic were always going to pose some extraordinary policy challenges, the CBO’s long-term projections make for some harrowing reading for Washington’s fiscal hawks.

 

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