Tuesday, August 23, 2016

CBO Long-Term Outlook


This is worth a perusal.  In my opinion, the deficit can be pretty much ignored until it reaches $800 billion per year.  According to this document, that will happen in 2021, when the deficit hits $806 billion.  It starts increasing rapidly after that.

Of course, this assumes that no recession will ever happen again.  If a recession hits later this year or next like I expect, then the deficit will start soaring sooner than that.

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