Tag Archives: CBO alternative scenario
Reviving the ‘Real World’ Scenario That’s Disappeared from Government Reports
For 50 years or so the federal government has deliberately and to an increasing extent misstated probable future budget deficits. Democrats and Republicans are guilty. The White House is guilty. And so is Congress. Private firms that deliberately misrepresent their … Continue reading
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Tagged automatic enforcement procedures, budget balance projections, CBO, CBO alternative scenario, CBO annual budget outlook, CBO baseline scenario, Congressional Budget Office, debt service costs, dishonest lawmakers, government debt projections, gross debt, net debt, public finances, William Poole
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The Surest Way to Spot Trouble: When Even the CBO Says There’s a Problem
The Congressional Budget Office (CBO) released its 2013 Long-Term Budget Outlook this morning, and its government debt projections are dismal. As shown below, the so-called “baseline scenario” that adorns the report’s cover is pointed upwards for the first time, owing … Continue reading
