by Dan Mitchell | Mar 6, 2021 | Big Government, Blogs, Government Spending, Taxation
Two days ago, the Congressional Budget Office released its latest long-run fiscal forecast. The report focuses – incorrectly – on the growth of red ink. And most of the people who have written about the report also have focused – incorrectly –...
by Dan Mitchell | Sep 22, 2020 | Big Government, Blogs, Government Spending
The Congressional Budget Office released it’s 2020 Long-Term Budget Outlook yesterday. Almost everybody has focused on CBO’s projections for record levels of red ink. And it is worrisome that debt is heading to Greek/Japanese levels (especially if the folks who buy...
by Dan Mitchell | Jan 29, 2020 | Big Government, Blogs, Government Spending
When the Congressional Budget Office released its Budget and Economic Outlook yesterday, almost everyone in Washington foolishly fixated on the estimate of $1 trillion-plus annual deficits. What’s far more important – and much more worrisome – is that the burden of...
by Dan Mitchell | Jun 27, 2019 | Big Government, Blogs, Government Spending, Taxation
The Congressional Budget Office just released its new long-run fiscal forecast. Most observers immediately looked at the estimates for deficits and debt. Those numbers are important, especially since America has an aging population, but they should be viewed as...
by Dan Mitchell | Jan 31, 2019 | Big Government, Blogs, Government Spending
The Congressional Budget Office just released it’s annual Budget and Economic Outlook, and that means I’m going to do something that I first did in 2010 and most recently did last year. I’m going to show that it’s actually rather simple to balance the budget...
