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National Debt

Lawmakers Who Want to Boost the Middle Class Should Focus on Lowering the Debt

This week, the Congressional Budget Office (CBO) released its 2019 Long-Term Outlook which corroborated that the United States current rate of spending is unsustainable.

CBO warns the nation’s mounting debt heightens the risk of a fiscal crisis and will slow income growth, place upward pressure on interest rates, and weaken the ability to respond to the next national emergency or recession.

CBO Budget Outlook Projects Debt Disaster is on the Horizon

On January 28, 2019, the Congressional Budget Office (CBO) released its annual Budget and Economic Outlook for 2019 to 2029 and unsurprisingly, the United States’ fiscal outlook remains dreadful.

CBO Projects Strong Economic Growth in 2018 and 2019; Trillion Dollar Deficits By 2020

Today, the Congressional Budget Office (CBO) released its annual Budget and Economic Outlook for 2018 to 2028.  In order to include several important pieces of budget and spending legislation that passed recently, particularly the Tax Cuts and Jobs Act, the Bipartisan Budget Act, and the Omnibus Appropriations package, CBO pushed its usual January release date to April.

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