Tag Archives: long-term budget outlook
Why the Debt Ceiling Debate Should Be Different This Time
Same political dysfunction. Same blue team indifference to soaring government debt. Same hypocrisy from those on the red team who helped set debt on its upward trajectory. Same lack of any serious effort to tackle the most important issue – … Continue reading
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Tagged alternative scenario, baseline scenario, BEA, Bureau of Economic Analysis, CBO, CBO statutes, Congressional Budget Office, debt projections, debt threat, Eisenhower, General Ike, Ike, long-term budget outlook, Niall Ferguson
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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
The Chart That Every Taxpayer Deserves To See
Update – The CBO’s report is now available. Using its revised projections, I’ve posted a new version of our chart here. You may be aware that the Congressional Budget Office (CBO) is due to release its 2013 Long-term Budget Outlook in … Continue reading
Previewing the Bad News That’s Likely to Complicate the Debt Ceiling Battle
The gorilla in the room may sleep soundly for the rest of July and August, but expect a foul temper when he wakes up in September. At that time, Congress once again haggles over our debt ceiling. Treasury Secretary Jack … Continue reading
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Tagged Budget Control Act, CBO, Congressional Budget Office, debt ceiling, Jack Lew, long-term budget outlook, Medicare, Social Security
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