The chart is derived from CBO forecasts, which always run "optimistic" for the government. For example, the budget is one thing, but the amount of debt we add is another, as the federal government typically spends $200-300 billion/year in midyear appropriations.
The CBO also assume that we'll never have an economic downturn again. How's that for realistic?
The chart is derived from CBO forecasts, which always run "optimistic" for the government. For example, the budget is one thing, but the amount of debt we add is another, as the federal government typically spends $200-300 billion/year in midyear appropriations.
ReplyDeleteThe CBO also assume that we'll never have an economic downturn again. How's that for realistic?