CBO Projection: Annual Budget Deficit to be above 4% GDP for the Next Decade

Remember the promise that the 2017 Tax Cuts and Jobs Act (TCJA) would “pay for itself”, and that the current administration would reduce the deficit? Hoocoodanode? (“Who could have known?”,Popularized by my former co-blogger Tanta!)The Congressional Budget Office (CBO) released their new The Budget and Economic Outlook: 2020 to 2030 In CBO’s projections, the federal […]

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