CBO-No!
Thursday, May 23rd, 2013No, the deficit problem is not “solved”
Many in Washington are pointing to the latest Congressional Budget Office (CBO) report to suggest the deficit problem is “pretty much solved” for the next 10 years. But did the CBO really say that?
Not quite. In fact, the CBO found that Washington hasn’t done anything to address our long-term debt and it’s still on pace to reach 74 percent of GDP by 2023. On top of that, if interest rates rise to more typical levels, spending on int...
