The CBO just released their new 10-year budget projections. I don't find it that interesting. Yea it shows trillion-dollar deficits that increase each year, and a deficit of $1.5 trillion for the first time in the year 2028. They are projecting that FY 2018 will only have a $804 billion deficit, and that FY2019 won't reach a trillion, only $981 billion. Yea, right. And that net interest will be at 3.1% of GDP in 2028 (which is well below the level at which I freak out).
I am however really interested in two upcoming reports they will issue. The first is the next Long-Term Budget Projection. The last one of those they issued was in March 2017, which is like an eternity ago, because so much has happened since then to increase the deficits. I would like the deficit projections extended out to 20 years and see if the US will still be credit-worthy
The next is the 2018 Report on Long Term Projections for Social Security. The last was issued in Oct. 2017, so it will be a while until the next one.
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