Yesterday, the Congressional
Budget Office (CBO)—the nonpartisan budget scorekeeper for
Congress—released its
updated budget projections for the next decade. This year’s
deficit projections are down dramatically. So is the federal budget
suddenly in good shape? Far from it. In fact, debt levels are
expected to remain unusually high for the foreseeable future.
But that’s not all the report tells us. Here are 10 takeaways from the CBO’s newest look at the future of federal spending and revenues.
1. This year’s deficit will be lower than expected. The Congressional Budget Office now projects that the deficit will clock in at $642 billion this year, down from its earlier estimate of $845 billion.
http://reason.com/archives/2013/05/15/10-takeaways-from-the-latest-cbo-budget
But that’s not all the report tells us. Here are 10 takeaways from the CBO’s newest look at the future of federal spending and revenues.
1. This year’s deficit will be lower than expected. The Congressional Budget Office now projects that the deficit will clock in at $642 billion this year, down from its earlier estimate of $845 billion.
http://reason.com/archives/2013/05/15/10-takeaways-from-the-latest-cbo-budget
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