CBO Says Deficit Will Drop, Then Climb

Discussion in 'Economics' started by ktmexc20, Aug 17, 2006.

    Congressional Budget Office on Thursday estimated that the federal deficit will decline to $260 billion this year but will increase to $286 billion next year with total deficits over the next decade put at $1.7 trillion.

    The $260 billion forecast for the current budget year, which the CBO previewed earlier this month, would represent an improvement from last year's actual deficit of $319 billion.

    However, the detailed CBO report released Thursday showed that the improvement will be temporary with deficit expected to swell to $1.7 trillion over the next decade.

  2. Arnie


    When have they EVER been right about something 10 years out? Hell, they got this one wrong! The important thing, imo, is that the deficit is at a very reasonable 2% of GDP.

    PS I predict this thread will be moved to chit chat.:D