Forecast of the Federal Budget and Debt

Every year, the Congressional Budget Office (CBO) adds to its short-term budget forecasts (10 years and 25 years) a long-term (75-year) outlook. The 2013 Long-term Budget Outlook was published earlier this week. The CBO, of course, admits that “the uncertainty of budget projections increases the farther the projections extend into the future.” Some would argue [...] View the full post at: Forecast of the Federal Budget and Debt Related posts: Why is the Budget Deficit Exploding? The Exploding Federal Deficit 2009 Budget Deficit Will Come at $1.58 Trillion