U.S. Budget Woes, the CBO Projections
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Date
2018-04-30
Journal Title
Journal ISSN
Volume Title
Publisher
Private Enterprise Research Center, Texas A&M University
Abstract
The latest projections from the Congressional Budget Office are worrisome and were expected to be so. In fact, federal debt held by the public is projected to be 106% of GDP by 2028 and deficits are expected to persist throughout the 10 year forecast horizon. In the Spring 2018 Issue of PERCspectives on Policy, Dennis W. Jansen, Liqun Liu, and Andrew J. Rettenmaier discuss the CBO's forecasts and the causes and long-lasting effects of these deficits.
Description
EconomicStudies_Analysis|PoliticalEconomy
Keywords
CBO, Congressional Budget Office, Projections, debt